Greed = Low Interest Rates The low interest environment and policy of quantitative easing is easily the most misunderstood, misappropriated, gossiped and ignored issue impacting our lives in the 21st Century. An issue of contradictions. Depending on who you speak to it is the source of all our ills or it is saving us. It is the conspiracy theory of gold nuts, it is the bible of Keynesian ideologues. It is trickling benefits into the economy, it is creating massive inequality. It is debated regularly in the financially-literate bubbles of society, and it is never discussed among the mainstream press or among the public. The problem is that the numbers do not lie. Central bank policy is the main source of greed in the 21st Century.
Economics
London’s V-Shaped Recovery: Intangible Data vs Tangible Experience
I ventured into Central London on a Saturday at the end of July. The weather was a tad rainy that day so I didn't want to chalk the vacancy of the streets up entirely to the economic draught we are actually in. I decided to visit the Churchill Museum the following week, on its opening day. At the same time I decided to take a walk around the streets between Piccadilly and St. James Park. The weather out that day couldn't have been more perfect. That combination of heat and cool that leaves you comfortable even if you are walking for hours. The kind of weather that makes London sparkle in the summer. So you could be assured that this is as busy as the area was going to get for shopping, sightseeing, eating and whatever other pleasures you can take in the heart of London on a glorious summer's day.
Contemporary Thoughts on the Week in the Market (and some other things)
There wasn't much action in the markets on a shortened week due to Canada Day and US Independence Day. However there was some important action in the macro environment.
Siloviki 