Silly, scary, scandalous economics 😝

Pensions are shrouded in mystery. They are like the Professor Snape in everyone's life. But the mechanism behind them is surprisingly interesting.

Do you think the biggest, baddest CEOs in the world have been spending too much time on Twitter? We've got Larry Fink, CEO of Blackrock, who's gone from being an ESG-loving, crypto-skeptic to a crypto-loving ESG-skeptic. How can someone 180 from being so badass to so soggy-assed? Did he lose his balls in the latest Blackrock investment confidence crisis? Or Jamie Dimon, the Big Swinging Dimon. The guy who didn't get trapped in the 2008 crisis. Someone who used to be kind of a

There are a lot of big loud bankers right now - in the olden days they used to be called Big Swinging Dicks - who are proper anti-woke. The biggest and baddest of them all is probably Jamie Dimon, CEO of JP Morgan Chase. He looooooves drilling for oil. He hates remote working. His Tinder Bio would be "Looking for long drills on the beach and women in the kitchen". Highly recommend reading this report Under Big Swinging Dimon's leadership, Chase has put a quarter of a trilli

"Derivative" sounds so complicated and confusing. But it's just jargon. Here's what you need to know.

There is a troubling pattern between US invasions, and when oil states stop trading in dollars. After 20 years of trading oil in dollars, Iraq’s Saddam Hussain switched to euros in the year 2000. Two years later, he was overthrown and killed by the USA. Following 40 years of selling oil in dollars, Libya’s Gaddafi floated the idea of switching to gold dinars. Same story, overthrown and killed by the USA. Since the 2008 financial crisis, Iran has also taken steps to diversify

The Dot.com bubble. Say this to an old school banker and watch them shiver. They may even temporarily put down their gin and tonic. The dot.com memory is like throwing a slimy bucket of cold goo over investors of a certain age. So, what happened? Well, basically, everyone invested heavily in something that sounded amazing – the internet. But … they realised a bit later that there wasn’t really a solid business model for generating profit. At least, not at that point. And

“We’re not here to save the world,” the boss said. “We exist to make money.” Roose, 2014 Everyone knows that we need to stop investing in fossil fuel companies and planet polluters. That’s old news. So why are wealth managers still relying on them in mainstream portfolios? Why do they keep feeding these crappy companies with more and more money? Here are five psychological reasons why wealth management just can’t seem to let go. 1. A trillion-dollar game of gangsta chicken…�