Jackson Hole: Cherry Flavored Cyanide, or Strawberry
byThe Federal Reserve puts on a conference in the idyllic location of Jackson Hole, Wyoming. Of course it’s all about how best to centrally…
David Stockman: Why Hedge Fund Hot Shots Finally Got Hammered
bySource: http://davidstockmanscontracorner.com/why-hedge-fund-hot-shots-finally-got-hammered/ The destruction of honest financial markets by the Fed and other central banks has created a class of hedge fund hot shots…
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%…
Rolling boulders uphill
byAs symbols of futility go, that of Sisyphus takes some beating. In Greek mythology, Sisyphus was captured by the gods after having freed humanity…
Eugen von Bohm Bawerk: That 70s Show – Episode 3
bySource: http://bawerk.net/2015/08/22/that-70s-show-episode-3/ In the first episode we showed how the US became an unsustainable service sector based economy from the 1970s onward when service sector employment…
Eugen von Bohm Bawerk: That 70s Show – Episode 2
bySource: http://bawerk.net/2015/08/15/that-70s-show-episode-2/ In Episode 1 we showed how the US labour market changed dramatically from the 1970s on back of excess money printing which allowed Americans to…
If The Fed Is Always Wrong How Can Its Policies Ever Be Right?
byOne of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to…
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…
China chooses her weapons
byChina’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4…
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…