Money, Macro and Markets
It was something of an irony last week when the idiots savants who constitute the upper ranks of the ineffable current incarnation of the…
Read MoreJuly, 2014
Where is the US$ heading against major currencies?
Within the framework of our econometric model the key variable that drives a currency rate of exchange is the relative money supply rate of…
Read MoreTime for change in the London bullion market
[Editor’s note: The Cobden Centre is happy to republish this commentary by Alasdair Macleod, the original can be found here.] The London bullion market…
Read MoreCompetition and Finance
[Editor’s note: The Cato Institute will be publishing Cobden Senior Fellow Kevin Dowd’s work “Competition and Finance” for free in ebook format. The following…
Read MoreWood will burn
“I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now? I can tell you: 1929, 2000…
Read More
GO: J.M. Keynes Versus J.-B. Say
[Editor’s Note: this piece, by Steve H Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the…
Read MoreA tale of two certainties
It is common knowledge that Japan is in extreme financial difficulties, and that the currency is most likely to sink and sink. After all,…
Read More
First glance at MAex
The recent update to the MA compilation method revealed a sudden reduction in the growth rate. However this was driven by a mysterious “improvements in…
Read More
A time of universal deceit
“Individuals who cannot master their emotions are ill-suited to profit from the investment process.” – Ben Graham. “What really broke Germany was the…
Read More
Beyond GDP: Get Ready For A New Way To Measure The Economy
“A balanced Input-Output framework…provides a more accurate and consistent picture of the U. S. economy.” – Survey of Current Business Starting in spring 2014,…
Read More