Alasdair MacLeod Blog | Talkmarkets | Page 1
Head of Research, GoldMoney
Contributor's Links: GoldMoney

Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy.

All Contributions

Latest Posts
1 to 16 of 113 Posts
1 2 3 ... 8
China Or US?
In the undeclared war between the US and China, the focus has been on the obvious battles. Huawei has been badly wounded but looks like surviving.
Negative Interest Rates And Gold
The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar.
Our Costly Dalliance With Lord Keynes
We are systemically blind to the consequences of overturning Say’s law and the other principles of economics established in the nineteenth century and subsequently developed by the Austrian masters.
Silver Prices With Explosive Upside
Silver prices have lagged gold prices since 2017 which has pushed the gold-to-silver ratio close to the all-time high. Silver prices are also significantly below what is predicted by our pricing model.
Inflationary Financing And GDP
Today, when GDP appears to be rising, the markets’ gut reaction is to think it is evidence of economic strength in the non-government sector.
Deeply Negative Nominal Rates Are On Their Way
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the leeway to cut interest rates significantly after normalizing them. That hasn’t happened.
Casting Off The EU Millstone
A US-UK trade deal could lower prices of goods in the UK by as much as 20%, raising prices above the world price level by that amount.
The Reasoning Behind Gold’s Breakout
Gold’s dramatic move above $1400 has caught the investment establishment by surprise. Physical gold ETFs, as a proxy for direct portfolio investment, amount to only 0.05% of the estimated $250 trillion of global investment values.
Stalling Markets
The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis.
A Whale Is Accumulating Silver Futures
Silver’s recent price performance has been disappointing. It is almost twice as volatile as gold, so when the gold price rises 11%, as it has since last December, you would expect silver to rise about 20%. Instead, it has fallen marginally.
Broken Markets And Fragile Currencies
There are growing signs that the global economic slowdown is for real.
What The Number Crunchers Get Wrong About The "Velocity Of Money"
It is nonsense to conclude that velocity is a vital signal of some sort. Monetarism is at the very least still work-in-progress until monetarists finally discover velocity is no more than a factor to make their equation balance.
The Financial War Escalates
Behind the scenes, the financial war between America and China is escalating dangerously into a war to secure global financial resources.
For Those Who Don’t Understand Inflation
With the world facing a deepening recession, monetary inflation will accelerate again. It is time for everyone to recognize the consequences.
Forget Velocity Of Money Circulation
If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of circulation of money.
Interest Rates, Time-Preference And Gold
There is a widespread assumption that interest rates represent the cost of borrowing money. In the narrow sense that it is a rate paid by a borrower, this is true. Monetary policy planners enquire no further.
1 to 16 of 113 Posts
1 2 3 ... 8