Falling Yield, Rising Asset
byOur monetary system is failing, but explaining that isn’t easy. The most popular argument is that the dollar has falling purchasing power and rising…
Economics
How GDP Metrics Distort Our View of the Economy
by[This piece, by Christopher P. Casey, first appeared at mises.org here https://mises.org/library/how-gdp-metrics-distort-our-view-economy] GDP purports to measure economic activity while largely divorcing itself from the quality, profitability,…
Goodbye to all that
by“Funny how bonds were labelled “certificates of confiscation” back in the early 1980’s when yields were 14%. What should we call them now ?”…
Controlling copper and silver prices
byThere is an unwarranted assumption that market prices are always right, and represent “fair value”. In the case of commodities, particularly metals, this is…
Unsafe at any price
by“Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a…
Is the Keynesian multiplier a real thing?
byIt is accepted by most economists that initial increases in consumer or other outlays tend to set in motion a reinforcing process which supposedly…
Monday Morning Macro
by[This piece first appeared here: http://truesinews.com/2015/04/27/monday-morning-macro/] Though the punditocracy has become much more aware of the sheer scale of China’s equity bubble in recent weeks,…
Greece in or out – Investment Opportunities?
byGreece needs to reschedule its debt or default Capital Controls maybe inevitable A piecemeal solution is not the answer, yet it’s more likely than…
The Myth Of Global Gluts And The Reality Of Market Change
by[This piece first appeared here http://www.epictimes.com/richardebeling/2015/04/the-myth-of-global-gluts-and-the-reality-of-market-change/] You may not have noticed it when out buying things in the marketplace in the context of your personal…
On billionaire altruist lunatics..
byFacts do not cease to exist because they are ignored. – Aldous Huxley. There was once a time, perhaps, when unprecedented things happened…