Alasdair Macleod
Alasdair became a stockbroker in 1970 and a Member of the London Stock Exchange in 1974. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. After 27 years in the City, Alasdair moved to Guernsey. He worked as a consultant at many offshore institutions and was an Executive Director at an offshore bank in Guernsey and Jersey.
Articles by Alasdair Macleod
Governments and central banks have made little or no progress in recovering from the Lehman crisis six years ago. The problem is not helped by dependence on statistics which are downright misleading. This is particularly true of real GDP,...
Last Monday’s Daily Telegraph carried an interview with Jaime Caruana, the General Manager of the Bank for International Settlements (the BIS). As General Manger, Caruana is CEO of the central banks’ central bank. In...
It is common knowledge that Japan is in extreme financial difficulties, and that the currency is most likely to sink and sink. After all, Government debt to GDP is over 250%, and the rate of increase of retirees has exceeded the birth rate...
A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) entitled Global Public Investor 2014 discussed the investment strategies of 400 government investors split into 157 central banks, 156 government...
With the Eurozone going to the extreme of negative interest rates and the IMF belatedly revising downwards their expectations of US economic growth, deflation is now the favoured buzzword. It is time to untangle myth from reality and put...
Policies aimed at reducing the purchasing power of money are intended to fool people and businesses into unprofitable actions they would not otherwise undertake. For a brief period of time cheapening the currency lowers the cost of...
The most common of all misconceptions today is that a weakening currency is fundamental to a healthy economy, or put another way, a strong currency is economically destructive. For decades this has been the fundamental belief of mainstream...
Stagflation: When the general level of prices rises due to the purchasing power of currency-money falling, instead of price inflation due to a general increase in demand.The credit cycle that normally drives advanced economies through boom...
The story that commodities are at the centre of China's shadow banking system has gained prominence in recent weeks. No firm evidence has been presented to confirm the scale of these activities, bearing in mind China's State Administration...
I imagine many GoldMoney customers read much commentary relevant to gold and economics, and come up against Say's Law. It’s importance might not be immediately obvious.Jean-Baptiste Say was a French businessman and economist in his early...
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