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Silly, Scary, Scandalous
Economics


What the hell is a derivative?
"Derivative" sounds so complicated and confusing. But it's just jargon. Here's what you need to know.
Hannah Duncan
Apr 107 min read


It's not oil the US wants, it's that we trade it in dollars
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
Hannah Duncan
Apr 15 min read


Our money is funding AI ... We've been here before
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
Hannah Duncan
Apr 14 min read


How sustainable investing f**ks with bankers' brains 🤯
“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…�
Hannah Duncan
Apr 16 min read
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