Tag Archives: currencies

Quarterly Outlook Summary

Our accounts have been performing very well this year largely due to two of our major holdings, Amazon and Oclaro. While these began as quite modest positions, they have grown sufficiently that they are both quite large in our standard … Continue reading

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Quarterly Outlook Summary

The economy continues to grow. Unemployment is low and interest rates remain at zero. On the downside, labor force participation is the lowest since the 1970’s and continues to decline. Unemployment is declining because prospective employees have stopped looking for … Continue reading

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America has conquered its debt crisis with incredible speed

By Ambrose Evans-Pritchard12:06AM BST 24 Apr 2014 Americans are purging their excesses one by one. Spending by the US Federal government has seen the steepest drop as share of national income since demobilisation after the Second World War. Claims that … Continue reading

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Revolutionary Japan is suddenly the centre of world affairs

By Ambrose Evans-PritchardJanuary 2, 2013 “So Japan may not slide into genteel oblivion after all. To the surprise of the Japanese people, their country is smack in the middle of two riveting dramas that threaten to upturn the global strategic … Continue reading

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Japan Breaks with Economic Orthodoxy. Will it Work?

By Paul Krugman January 13, 2013 For three years economic policy throughout the advanced world has been paralyzed, despite high unemployment, by a dismal orthodoxy. Every suggestion of action to create jobs has been shot down with warnings of dire … Continue reading

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Japan to take civilian control of monetary policy and to coordinate with fiscal policy.

We’re soon to get a pretty good real world test of the stimulative effectiveness of MMT’s deficit and monetary theories. by Tim DuyDecember 25, 2012 The potential exists for groundbreaking changes in Japanese economic policy – and I sense that … Continue reading

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