Katastrophenhausse
Mainstream economists seem to have a problem understanding prices. They might draw supply and demand curves and talk about elasticity. They are sure to…
Gold and silver price shakeout
The consolidation of gold’s bull phase from October 2008 to the peak last September was a classic three-leg correction: an initial slide, rally, and…
FEDging the figures
Both the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the…
Morning in America?
US unemployment figures came in better than expected last week at 8.5%. While noting that the figures under-represent actual unemployment, does this improvement mark…
Financial repression
This phrase has suddenly started appearing in economic research, and will probably do so more frequently in the coming months. Its origin is a…
Gold price set for hyperbolic increase
I recently posted an article for GoldMoney showing how US True Money Supply (TMS) appeared to be growing at a hyperbolic rate, and that…
Philipp Bagus and Alasdair Macleod on Europe, inflation, and gold
From GoldMoney.com: In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the…
Eurozone government defaults looking certain
For some time I have taken the view that rescuing eurozone governments from their financial crises was too big a job for the European…
The end of the EU
Last Friday, David Cameron came back from Brussels having rejected proposals to draft a new European Union treaty, having failed to get promises of…
Deflating the derivatives balloon
Derivatives have a bad name for many commentators, with some describing them variously as dangerous or even weapons of mass destruction. The sheer size…