How Central Banks Stoke Stock Prices
byReading through Security Analysis, the roadmap for investing first published in 1934 by Benjamin Graham and David L. Dodd, I learned something quite interesting: The basis…
Economics
Why in a pure free market dollar cannot be an independent entity?
byPrior to 1933, the name “dollar” was used to refer to a unit of gold that had a weight of 23.22 grains. Since…
Central Bank Musical Chairs
byIf recent stock market volatility is interrupting your sleep, Jim Bianco and CNBC’s Rick Santelli are saying, get used to it. The total assets of all central…
A Roman lesson on inflation
by“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” –…
Can economic data by itself provide early warning regarding boom-bust cycles?
byMost economists are of the view that by means of economic indicators it is possible to identify early warning signs regarding an upcoming recession…
When will the next credit crisis occur?
byThe timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…
Margin of error
by“Son, we live in a world where markets have been distorted by vast amounts of QE, and that QE has to be fought by…
What Is Optimal Monetary Policy, Anyway?
byEver since the important contributions of new classical economists Finn E. Kydland and Edward C. Prescott during the 1970s and 80s, modern macroeconomics seeks…
Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
byJanet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…
A safe place to hide – inflation and the bond markets
byUS bond yields have risen from historic lows, they should rise further, they may not The Federal Reserve is beginning to reduce its balance…