Other articles


  1. The myth of the unbalanced government budget - 2022 May 30

    There's a pervasive misunderstanding that people have where they think it's possible for a government budget to be unbalanced. In some very real senses this actually isn't a concept that makes any sense and I explain why in this article.


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  2. Crypto crash update May 2022 - 2022 May 29

    The crypto space is now in a really nasty bear market, here's an update for the end of May 2022.


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  3. A change in the common knowledge in the markets - last weekend of November - 2021 November 29

    On the weekend with announcements of the Omicron covid variant I suspect there might be a shift in sentiment.


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  4. Bank bail ins - 2021 November 25

    The recent currency crisis events in Turkey are worth paying attention to, especially with regards to the response taken. One particular tool that might be used in a bail in. Turkey is a G20 country and bank bail in legislation has been introduced in most G20 countries. In this article I outline what the bail in mechanism is and some of the reasons why these exist along with some of the practical realpolitik issues that would get in the way of actually using one.


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  5. Problems with Celsius - 2021 November 25

    The Celsius product was something that always annoyed me, in part because I'd only ever hear about it from rabid shills and obvious bot accounts. Support for it just screamed astroturfing. The other particularly annoying thing is that taking leverage on cryptocurrencies is not something I think is wise at all and products like this seem like this cycles Collateralized Debt Obligations, but when will they all blow up?


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