"No warning can save people determined to grow suddently rich" - Lord Overstone

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Steven Lachance

Steven Lachance

Contributor since: 26 Feb 2010

  • Currency Values and Interest Rates: Carried Away by the Carry Trade

    Published 07 March 2006 | viewed 4,798 times

    Currency traders have an infatuation with interest rate differentials. Under the prevailing assumption, currencies issued by countries with high interest rates ought to appreciate against…

  • Would Hayak Hoard Gold?

    Published 06 February 2006 | viewed 3,156 times

    Individuals, companies, and financial institutions default on an ongoing basis as part of the rejuvenation mechanism that is both capitalism's hallmark and its comparative advantage;…

  • US Policymakers Sleepwalking into Currency Crisis

    Published 23 January 2006 | viewed 5,791 times

    "The exchange rate of the US dollar is bound to decrease eventually and could potentially do so in a way that destabilizes the global economy.…

  • East Asia Under the Midday Sun

    Published 05 January 2006 | viewed 4,940 times

    Forecasters tend to get ahead of themselves when peering into the future. Occasionally, though, the reverse is true; the future sneaks into the present while…

  • The Fed's Turn to Fail

    Published 23 December 2005 | viewed 9,822 times

    While a student at New York University, Alan Greenspan belonged to a discussion group some now call the Ayn Rand cult, in which his nickname,…