Interest – Inflation = #REF
byI have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate…
Inflation
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…
Inaccurate statistics and the threat to bonds
byStatistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price…
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…
The trouble with cash
byWhen interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions…
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…
Why deflation is unlikely
byFinancial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or…
Think Different About Purchasing Power
byThe dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as…
The over-valued dollar
byThere are two connected reasons usually cited for the current dollar strength: the US economy is performing better than all the others, leading towards…
A Salvo in the Battle for the Gold Standard
byI wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they…