Valuation Fallacies
byBy Jeffrey P. Snider Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to…
money supply
Trust no-one
by“Predictably, there is speculation that Brexit will not happen. If Britain can vote for Brexit, it is being argued, surely anything is possible. But…
Head of the Snake – The Poisonous Gap Between Paper Wealth and Real Wealth
byBy John P. Hussman, Ph.D. “Understand that securities are not net economic wealth. They are a claim of one party in the economy – by…
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…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…
Zero Hedge: Currency Debasement & The Death Of Roman Emperors
byCorrelation does not necessarily imply causation. In other words, just because two sets of data may follow a similar pattern, it does not mean…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
Downtrend in the growth rate of money supply poses a threat to bubble activities
byThe yearly growth rate of real gross domestic product eased to 1.9% in Q4 from 2% in the previous quarter. Using our large scale…
Janet Yellen Fights the Tide of Falling Interest
byOn Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s…
The Fed’s in a bind
byOne can understand the Fed’s frustration over the failure of its interest rate policy, and its desire to escape the zero bound. However, since…