Stockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
byNow it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
Economic Cycles
Currency exchange value dynamics
byIn a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant…
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…
The Looming Crisis in the Private Provision of Public Services Close Parallels with the Systemic Failure of Banks
byThe collapse in January of Carillion PLC, the UK’s second largest construction and outsourcing company has attracted considerable media coverage. Carillion was principally engaged…
A warning knell from the housing market – inciting a riot?
byGlobal residential real estate prices continue to rise but momentum is slowing Prices in Russia continue to fall but Australian house prices look set…
The truth about trade
byThe one subject, which became a headline issue last year, and even divides experts is trade. It will become increasingly important in 2018 as…
Our Outlook for 2018 Interest Rates To Stay Low. The Consensus View is that Europe’s Banks are Recovering but we are Not So Sure.
byby Gordon Kerr, Kevin Dowd and Cavin O’Driscoll, with Enrico Colombatto The Interest Rate Outlook Despite their shortcomings, European banks do not seem on…
America’s Great Depression and Austrian Business Cycle Theory
byWhen Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in…
Why the Stock Market Is Rising
byGlobal Growth Is the Real Driver of the Supposed “Trump Effect” By Benn Steil and Benjamin Della Rocca “The reason our stock market is so successful is…
Inflation v Deflation – State Finances
byThere is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one….