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

China's recent mini-devaluations had less to do with her mounting economic challenges…and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest rate policy (ZIRP) was a temporary measure to counter the price deflation that...
Gold and silver traded in a tight range this week on low futures volume. Last Friday the gold price rallied from $1,080 to $1,101. Silver also traded in a narrow range though both are slightly firmer in early European trade this morning.
We now have an explanation for Gibson's paradox (posted here), a puzzle that has defeated mainstream economists from Fisher to Keynes and Friedman. The best way to illustrate the puzzle is through two charts, the first showing empirical...
Anyone with a nose for markets will tell you that the Chinese government's attempt to rescue the country's stock markets from collapse is far from succeeding. Bubbles collapse, period; and government interventions don't stop them....
There is a myth prevalent today that the gold price always falls when interest rates rise. The logic is that when interest rates rise it is more expensive to hold gold, which just sits there not earning anything. And since markets discount...
There is a common view in financial markets that credit deflation is bad for gold prices, because gold nowadays is regarded as an asset to be sold in the scramble for cash, when people are forced to pay down their debts. When asked by...
Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1,187 and fell to a low point at $1,158 yesterday. Silver mirrored gold's...
Make no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency. Before going into why, a few comments on Greece will set the scene.
Window-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets.

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Gold is the official state mineral of Alaska.