From Business Strategy to Business Cycle
So far in these blogs we have covered some basic financial instruments: bills, bonds, and derivatives. Now let’s consider how they are used to implement […]
Month: April 2015
Derivative Duels
Many of the most successful investors leverage their own capital with borrowed wealth to magnify their profits. Capital they own is supplemented by capital they […]
Big Bearish Banks
Already among renaissance Italian city states, incessant wars were financed by bonds and annuities, while the merchant banks that issued this long-term credit on behalf […]
Crises and the Myth of the Money Supply
Abstract Money, credit and capital are three fundamental economic terms that every high school student, at least, should understand. Yet we live in a society […]
Bills for Bulls
One of oldest forms of credit, and still one of the most important is a bill. When most of you think of “bill” you might […]
Bull Magic
Last week we took a look at bears to consider how investors can profit from falling asset prices. Bears are harder for the public to […]