Did “The Nixon Shock” Lead to Nixon’s Resignation?
This month we observe the 40th anniversary of the resignation, under threat of imminent impeachment, of President Richard M. Nixon. Nixon aide and loyalist…
Read MoreAugust, 2014
Money, Macro & Markets
First it was the government’s miraculous ability to deliver on-target GDP growth that got the permabulls bellowing again, then it was the striking (world-beating,…
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Why doesn’t monetary pumping help economic growth?
Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
Read MoreQE will come to the eurozone – and, like elsewhere, it will be a failure
The data was not really surprising and neither was the response from the commentariat. After a run of weak reports from Germany over recent…
Read MoreCarl Menger’s Revolution
[Editor’s note: this article, by Mateusz Machaj, first appeared at mises.org] One often wonders whether differences in economic schools of thought are big enough to…
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Stocks and the Stockdale Paradox
“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, you’re still around…
Read MoreJohn Butler’s interview with Jim Rickards
When it comes to the world of international finance, Jim Rickards has quite nearly seen it all. As a young man, he worked for…
Read MoreSigns Of The Fed’s Era Of Secrecy Coming To An End
The Federal Reserve increasingly is attracting scrutiny across the board. Now add to that a roller coaster of a thriller, using a miracle of…
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Keep calm and carry on
At the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading…
Read MoreThe crisis of interventionism, the end of globalisation, and the looming tech trade war
“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.” –Jean-Claude Juncker,…
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