Such terrible suspense
by“This suspense is terrible. I hope it will last.” – Oscar Wilde. Is there any investor out there not suffering from crisis fatigue…
China’s five year plan and the end of an era.
byChina is in the late stages of constructing its thirteenth five-year plan, a process that commenced over a year ago and will result in…
The Non-GAAP Revulsion Arrives: Experts Throw Up All Over “Made Up, Phony, Smoke And Mirrors” Numbers
by[This was first published at Zero Hedge here http://www.zerohedge.com/news/2015-06-08/non-gaap-revulsion-arrives-experts-throw-all-over-made-phony-smoke-and-mirrors-profi] One of the recurring stories on Zero Hedge has been the increasingly more blatant fabrication of…
Building concerns
by“As for the rest of the billions, it’s not clear precisely where that money went. There are some clues. FIFA’s personnel expenses were $397…
Seth Lipsky’s The Floating Kilogram, “The Federalist Papers For A Gold Standard”
byA recent article in The Week by progressive columnist Jeff Spross, How modern capitalism killed self-reliance, observed that “The gold standard is a niche…
On not adding, but taking away
by“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.” – Charlie…
Markets, Not Janet Yellen, Should Set Interest Rates
byFinancial markets in the United States and around the world are all waiting with “bated breath” for when the Federal Reserve modifies its “easy…
Euro-sclerosis
byThere appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in…
How Government Inaction Ended the Depression of 1921
by[This piece, by Lew Rockwell, was first published at mises.org here https://mises.org/library/how-government-inaction-ended-depression-1921] As the financial crisis of 2008 took shape, the policy recommendations were not…
New information technology and economic growth
byIn his article The Big Meh (The New York Times 28 of May 2015) the columnist Paul Krugman complains that despite all the information…