The Risk Free Rate Of Return

The risk free rate of return is the rate of return an investor could earn with “zero risk”. Since the global financial crisis and Asian financial crisis, we’ve been reminded constantly that there is no…

No Recovery Can Be Guaranteed

  A recovery from the global financial crisis can’t be guaranteed. There’s no reason why employment, consumer spending and business confidence have to recover in New Zealand. The unwinding of what George Soros calls the…

Reality Check On BRIC Stories

The Brazil-Russia-India-China acronym was first coined by Goldman Sachs economist Jim O’Neill. Ostensibly, it’s a prediction that these four countries will take over the world because of the massive increase in their population, GDP and…

Australia Is In For A Hard Landing

Starting in 2005 a resource boom in Australia has propelled their economy onwards and upwards. All good things come to an end, and I believe that Australia is in for a hard landing. The combination…

Are Jobless Recoveries The New Norm?

This week at Vox EU an interesting piece by Henry Siu & Nir Jaimovich argues that jobless recoveries, at least in the United States, are the new norm. It’s called “Jobless recoveries and the disappearance of routine…