Money, Macro and Markets
byIt was something of an irony last week when the idiots savants who constitute the upper ranks of the ineffable current incarnation of the…
July, 2014
Where is the US$ heading against major currencies?
byWithin the framework of our econometric model the key variable that drives a currency rate of exchange is the relative money supply rate of…
Time for change in the London bullion market
by[Editor’s note: The Cobden Centre is happy to republish this commentary by Alasdair Macleod, the original can be found here.] The London bullion market…
Competition and Finance
by[Editor’s note: The Cato Institute will be publishing Cobden Senior Fellow Kevin Dowd’s work “Competition and Finance” for free in ebook format. The following…
Wood will burn
by“I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now? I can tell you: 1929, 2000…
GO: J.M. Keynes Versus J.-B. Say
by[Editor’s Note: this piece, by Steve H Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the…
A tale of two certainties
byIt is common knowledge that Japan is in extreme financial difficulties, and that the currency is most likely to sink and sink. After all,…
First glance at MAex
byThe recent update to the MA compilation method revealed a sudden reduction in the growth rate. However this was driven by a mysterious “improvements in…
A time of universal deceit
by“Individuals who cannot master their emotions are ill-suited to profit from the investment process.” – Ben Graham. “What really broke Germany was the…
Beyond GDP: Get Ready For A New Way To Measure The Economy
by“A balanced Input-Output framework…provides a more accurate and consistent picture of the U. S. economy.” – Survey of Current Business Starting in spring 2014,…