The Bakavaas (बकवास) Revolution

The simultaneous shift, globally, toward populism and demagoguery is being referred to as a Political Revolution. Any revolution in which hatred takes center stage is a bakavaas revolution! It is ludicrous to think that we brought down a wall that symbolized hatred in 1989 only to build another one in 2017! Please click here to continue reading.

Beautiful Deleveraging

This paper was published, in early 2012, by the brilliant Mr. Ray Dalio and, in my opinion, belongs in the category of Timeless Classics. Just as one of the other great classics ‘The Wealth of Nations’ by Mr. Adam Smith, which offers a much broader understanding of the nature of human behaviour, trade, and economics, Mr. Dalio’s piece offers a much broader understanding of one of the many pieces of a giant puzzle called the World Economy, the deleveraging process.

Please click here for a link to this masterpiece: An In-Depth Look at Deleveragings

Bit by Bit about Bitcoins

Here’s an introduction, by the man himself. Please click on the link to read Satoshi Nakamoto’s paper: Satoshi

 

Government Debt – Canada

Here’s a piece published by the Fraser Institute; an excellent articulation of the reality in Canada. Please click here for the paper: cost-of-government-debt-in-canada-2016

Evolution of Inflation Expectations

This was a paper that was published by the Federal Reserve Bank of San Francisco as part of its working paper series. Although it was published in 2011, its conclusions are as relevant today as they were then. Studying the Great Inflation of the 1960s & 1970s seems especially appropriate given that the whole world, including yours truly, is completely convinced that we are in the throes of a deflationary spiral.

Please click here for the paper: Monetary Policy Mistakes And the Evolution of Inflation Expectations

Chinese Hard Landing

When we think of China, we think of it as a slowing giant that’s nearing its end instead of thinking of it as a giant that’s undergoing metamorphosis from its industrial form to its consumer form. Regardless of where you stand on China here’s an interesting paper published by the Banque De France that assesses the near term impact of of this transition.  Please click here for the paper: TOWARDS RECOUPLING