Positively Natural – Pt I
byTHE CASE FOR POSITIVE INTEREST An Austrian rebuttal of Summers et al, in four parts THE TIME IS OUT OF JOINT Over the years,…
Economic Cycles
Durable Goods Add To The Idea of Depression (Small ‘d’)
byThere wasn’t anything new or surprising in the advance durable goods report. Shipments (ex transportation) were flat and orders were up 1% year-over-year (NSA)….
Safety in (the right) numbers
by“Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode…
Is deflation about decline in prices?
byThe majority of economists view deflation as a general decline in prices of goods and services. This is viewed as a major threat to…
Fed Suppression, Long Term Economic Repression
bySource: http://bawerk.net/2016/05/19/fed-suppression-long-term-economic-repression/ The Federal Reserve really wants to raise rates, but they do not dare as the consequence of interrupting an unprecedented level of capital…
Bawerk.net: Hillary Will be the Least of Your Worries – America has Economic Diarrhea
byAccording to the National Bureau of Economic Research (NBER), the official recession arbiter, the US economy is currently at its fourth longest expansion in…
Zero Hedge: What The Market Thinks Are The Biggest “Tail Risks” Right Now
byWhen BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always focus on is the one showing what the “smart…
Time to be bullish
by“We don’t see a recession coming in the United States.” Abby Joseph Cohen in a recent Bloomberg interview. US corporate profits are experiencing…
Quantitative to qualitative – is unelected nationalisation next?
byLast year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…
Eugen Böhm von Bawerk: OPEC’s Doha Dilemma: 3mb/d US lock in?
byAnother month, another flight to Hamad international airport for 17th April after initial agreement to hold ‘upstream horses’ in February 2016. While it’s no…