Trump’s economic plan runs the risk of severely derailing the US economy
byTrump’s plan is what Keynes would have prescribed Most economic commentators such as a Nobel Laureate Paul Krugman should be delighted with the US…
Sovereign Debt
Generation Snowflake clobbered, again
by“Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High” – Headline from The Daily Caller. “Experts who can guide…
The Looming Bubble in Long-Term Debt
byIn the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble. Will it be in…
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…
The Cozy Relationship between the Treasury and the Fed
byLast year was a tough one for investors. Gold was down 10 percent. The Dow Industrials fell 2.5 percent, and most bond indexes finished…
Greece’s referendum
byThis coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving…
Unsafe at any price
by“Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a…
On billionaire altruist lunatics..
byFacts do not cease to exist because they are ignored. – Aldous Huxley. There was once a time, perhaps, when unprecedented things happened…
An Austrian take on inflation
byWe know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase…
Macro & Market Update
by[This piece can be seen at Sean’s blog here http://truesinews.com/2015/02/17/macro-market-update/] More than half a century ago, in his role as an advisor to the…