Real GDP and the strength of US economy
byUS real gross domestic product (GDP) grew faster than initially thought in Q2. GDP expanded at a 3.7% annual rate instead of the 2.3%…
monetary policy
Who the Heck Consumes His Capital?!
byI have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a…
Snider: The FOMC Gets Slower Still
bySource: http://www.alhambrapartners.com/2015/08/18/the-fomc-gets-slower-still/ Looking back now, January was such a weird month. You had, on the one hand, the barely restrained giddiness of the mainstream…
The Cobden Centre is attending the #JacksonHoleSummit
byThe Cobden Centre will be attending The Jackson Hole Summit in Wyoming this week timed to happen alongside the Federal Reserve’s annual symposium there….
The Economy is in Liquidation Mode
byIf you’re an American over a certain age, you remember roller skating rinks (I have no idea if it caught on in other countries)….
Economic bust and stable price levels
byThe yearly rate of growth of the personal consumption expenditure (PCE) price index adjusted for food and energy stood at 1.3% in June –…
Eugen von Böhm-Bawerk: That 70s Show – episode 1
byFrom Eugen von Böhm-Bawerk’s blog. Source: http://bawerk.net/2015/08/05/that-70s-show-episode-1/ In several articles we have shown how the world changed from the 1970s with the breakdown of the old…
Still dancing?
by“Bubbles are the only things that matter. The rest of it is boring. You show up for work, markets are at normal levels, and…
GoldMoney white paper: Gibson’s paradox resolved
byA new white paper resolving Gibson’s paradox is posted on GoldMoney’s site, here: https://www.goldmoney.com/images/media/Files/GMYF/Gibsons%20Paradox.pdf The full ramifications will take further analysis and thinking, but…
All out of bubblegum
by“I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.” – ‘Nada’ (Roddy Piper) in the film ‘They…