Hector Mercadier

Who buys negative interest rate bonds?

For quite some time now, several governments have been issuing bonds with negative interest rates. Even some large corporations have been able to do so. Our gut reaction is to dislike negative interest rates—why, indeed, would anybody be fool enough to pay an interest rate in order to lend money, i.e. to take a risk without apparent reward? Buying a bond with […]

The virtues of automation

I am a strong believer in technology. Very deeply, I am convinced that innovations and new technologies will bring about an era of abundance. The concept of abundance is very strong: true abundance is not only about scale. It is not enough to have plenty of the things we consume and use every day. Abundance must also incorporate a dimension of scope, to be co […]