Global Macro

Fiat Currency Collapse

Fiat Currency Collapse: Is History Repeating Itself?- Infographic

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This infographic traces the origin of the money system depicting early coins that were used in various eras ultimately leading to the introduction of paper money, known as “fiat” currency. Fiat currency, though declared by a government to be legal tender is not backed by a valuable commodity. Because of this very fact, fiat currency has repeatedly collapsed down through the ages. Are we headed for another collapse? If so, do you know how to invest in a fiat currency environment? This infographic takes you through the journey.

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Fiat Currency Collapse

Evolution of Money & Drawbacks of the Fiat Currency System

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“Will you lend me your mare to ride a mile?

No, she is lame leaping over a stile.

Alack! And I must go to the fair!

I’ll give you good money for lending your mare.

– Oh, oh! Say you so?

Money will make the mare to go.”

The old nursery rhyme still holds true today. Money still makes the mare go. The story of money goes even further back. In fact, the tradition of money goes back around 3000 years, before which a barter system was probably used.

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Global Macro View

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In this Article:

Listen in on a conversation between Multi-Act experts and their advisory clients. Find answers to questions such as:

  • What can we expect with fluctuating interest rates, particularly U.S. interest rates, which have a large impact of flow of funds globally?
  • Where is the U.S. dollar going as it appreciates against other currencies? How is the Rupee placed?
  • What is China’s impact on the global economy and how is it likely to all pan out?

Get expert insights into these questions and more in this transcript of a conference-call hosted on 19th February, 2016 with our Advisory Clients.

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GDP Growth rate and Equity returns

The GDP Growth Rate Myth

By | Global Macro, What We Are Writing | No Comments

This article originally appeared on Advisor Perspectives.

An article published in a renowned daily suggested that equity market returns follow nominal GDP growth rates. The author appropriated, “The reason for this is simple. Equities over time grow in line with the growth of underlying businesses. As businesses comprise the economy, the nominal growth of the economy (real growth plus inflation) is a good proxy for the average growth in businesses. The Indian economy has grown at a remarkably constant nominal growth of 15% p.a. No wonder that the Sensex CAGR of 17.1% is close to 15% nominal GDP growth.” (Emphasis mine) Read More

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