Austrian School provides best explanation of financial crisis
byJean-Marie Eveillard, who manages $36 billion dollars of other people’s money via First Eagle Funds, discusses the current highly interesting markets in China, India,…
Is Inflationism Part of our Mindset? The Paper Pound & The Bullion Report
byMost people have one principle “asset”: the house they live in. Long gone are the days when your physical house was simply your home…
Atlas Shrugged: Is Hollywood about to destroy a classic?
byA new film is to be released on the 15th of April: Atlas Shrugged Part 1: The book Atlas Shrugged by Ayn Rand details…
The Crime Known as Quantitative Easing
byRecent economic data has convinced the Bank of England not to expand its Quantitative Easing program. According to the Office of National Statistics, annual…
News from Korea: Bank run fears engulf savings bank industry
byWith a hat tip to Sean Corrigan, via the Korea JoongAng Daily, we learn that their savings industry has been engulfed by a panic:…
Commodity prices then and now
byAs subprime mortgages tanked in May 2007, Ben Bernanke, Chairman of the Federal Reserve, told Congress “At this juncture, however, the impact on the…
The importance of traders and the evils of bankers
byAnother classic article from James Tyler, brought forward Trader: One whose business is trade or commerce. Trade and commerce is the lifeblood of wealth…
Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?
byA trillion here, a trillion there … why worry about where it goes? Unbelievable. This is a high quality version of the Financial Services…
The corporate virtue of bankers
bySenior bankers make a lot of money and take a lot of risk. This combination strikes most commentators and politicians as revealing sad failures…
Do the Fed Chairman’s comments on the economy make any sense?
byIn his speech at the National Press Club, Washington, DC on February 3, 2011 the Federal Reserve Board Chairman Ben Bernanke repeated that the…