How The Lake District Was Formed...In Three Minutes
For those interested in a quick summary of 500 million years of geological history of The Lakes
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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
- Sep 7, 2022
- 6 min
Making Waves About Bubbles
GMO's Jeremy Grantham has caused a stir with his latest missive
520
Peter Elston
- Sep 2, 2022
- 3 min
Extreme Hubris
Blue Whale's Steven Yiu may come to regret his decision to call publicly for 'most active managers to quit'
370
Peter Elston
- Sep 1, 2022
- 6 min
Time To Step Up
Until recently, central banks had been seen as heroes for the best part of four decades
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Peter Elston
- Aug 30, 2022
- 10 min
Stability. Complacency. Mistake. Repeat.
Central banks were ill prepared for covid but then several decades of disinflation had made them and many others complacent
592
Peter Elston
- Aug 26, 2022
- 4 min
OK, But What Do The Patterns Actually Mean?
Patterns in financial markets relate to human behaviour, the business cycle, and longer inflation cycles
230
Peter Elston
- Aug 25, 2022
- 4 min
Randomness And The Galton Board
For those who know what the normal/Gaussian distribution looks like but are not quite sure what it is
750
Peter Elston
- Aug 24, 2022
- 9 min
What The *&%$ Is Schrödinger's Cat All About?
It may be possible to both understand and not understand Schrödinger's Cat at the same time
510
Peter Elston
- Aug 22, 2022
- 6 min
A Statistical Appraisal Of Bond And Equity Behaviour
Bonds and equities exhibit fundamentally different patterns
320
Peter Elston
- Aug 12, 2022
- 3 min
Schrödinger's Thermostat
Can the latest US jobs and inflation data suggest that the economy is heating up and cooling down at the same time?
300
Peter Elston
- Aug 8, 2022
- 13 min
It's About Jobs, Stupid!
Will tighter monetary policy in the US induce a gentle easing in labour market pressures or something unpleasant?
550
Peter Elston
- Aug 3, 2022
- 3 min
Where Are We In The Cycle?
A reminder about what empirical research tells us about business cycle phases and asset class returns
500
Peter Elston
- Aug 1, 2022
- 3 min
Western Consumer Spending Is Looking Vulnerable
Consumer sentiment and confidence indicators in the US, Eurozone, and UK point to grim days ahead
250
Peter Elston
- Jul 29, 2022
- 2 min
The US Is Not In Recession...Yet
The definition of a recession as two consecutive quarters of negative growth is flawed
290
Peter Elston
- Jul 27, 2022
- 6 min
Prediction Machines
It's easy to make predictions but making them useful is another thing all together
410
Peter Elston
- Jul 25, 2022
- 7 min
Is Gold Still Gold?
An appraisal of the fundamental reasons for buying gold
450
Peter Elston
- Jul 22, 2022
- 5 min
Is Gold Still Precious?
The outlook for gold in the context of its long-term price trend
580
Peter Elston
- Jul 14, 2022
- 4 min
Blurred Lines or No Lines?
Retail investors cannot be adequately protected until the fundamental similarity between investing and gambling is recognised
560
Peter Elston
- Jul 13, 2022
- 4 min
Stuck
Why should the QE of the last 15 years be causing inflation only now?
440
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