How Could the Fed Protect Us from Economic Waves?
byMainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally…
Economic Cycles
Such terrible suspense
by“This suspense is terrible. I hope it will last.” – Oscar Wilde. Is there any investor out there not suffering from crisis fatigue…
The Non-GAAP Revulsion Arrives: Experts Throw Up All Over “Made Up, Phony, Smoke And Mirrors” Numbers
by[This was first published at Zero Hedge here http://www.zerohedge.com/news/2015-06-08/non-gaap-revulsion-arrives-experts-throw-all-over-made-phony-smoke-and-mirrors-profi] One of the recurring stories on Zero Hedge has been the increasingly more blatant fabrication of…
Markets, Not Janet Yellen, Should Set Interest Rates
byFinancial markets in the United States and around the world are all waiting with “bated breath” for when the Federal Reserve modifies its “easy…
How Government Inaction Ended the Depression of 1921
by[This piece, by Lew Rockwell, was first published at mises.org here https://mises.org/library/how-government-inaction-ended-depression-1921] As the financial crisis of 2008 took shape, the policy recommendations were not…
Rising yields and rising correlation in major bond markets – end of cycle or correction?
byEuropean bond yields have risen following the lead of US treasuries Yield curves are steepening despite minimal inflation A return to the natural rate…
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…
More Spending Is Not The Answer To A Slow Economy
byOld fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is…
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…