Jeffrey P. Snider: Economic Hope As Inventory
byInventories in the fourth quarter rebounded rather sharply, at least in terms of how inventory is calculated as a contribution to GDP. The GDP…
Economics
Doug Casey: Comparing the 1930s and Today
byYou’ve heard the axiom “History repeats itself.” It does, but never in exactly the same way. To apply the lessons of the past, we…
Benn Steil: Mini Mac Trumps the Big Mac
byThe “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it…
Central Banks Pray for Electoral “Shocks”. Forced to Nationalise Monte dei Paschi, Italy Looks in Trouble, but Cleverly Plays its Sicilian Defence.
byCentral Banking How will Central Banks cope with 2017 shocks? Perhaps new rules, one-off solutions, doubtless lots more QE. Populism will perhaps be their…
Can sophisticated technology prevent a recession?
byThe world has come a long way since the heady days before the Great Depression of the 1930s. Technology, for one thing, has meant…
Mish Shedlock: In Search of Elephant in Room, Fed Governors Come Up Empty
byFed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“. The Federal Reserve does not see “broadly unsustainable asset…
Bawerk.net: Chinese Philosopher Kings, Losing their Yuan FX Religion?
byIt took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the…
Why the free market is the best defence against the money multiplier
bySome commentators are of the view that the present monetary framework is instrumental for the emergence of the so-called money multiplier. Consider the case…
Jeffrey P. Snider: One Small (But Important) View of ‘Dollars’ From Europe
bySource: http://www.alhambrapartners.com/2017/01/03/one-small-but-important-view-of-dollars-from-europe/ Nothing says “fixed” quite like bureaucrats responding to a past crisis they did not foresee (and in the case of European bureaucrats, actively…
Bawerk.net: How to Invest in the New World Order
byIn our latest Toward a New World Order, Part III we ended by promising to look closer at investment implications from the political and…