Look ma – no rules !
by“Hell, there are no rules here – we’re trying to accomplish something.” – Thomas Edison. Operating outside of a rule book may be…
Economics
The truth about GDP
by“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime…
Seek and ye shall find
by“A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater,…
Zero Hedge: What Will Happen To Corporate Profits If The Fed Hikes In December
bySource: http://www.zerohedge.com/news/2015-11-20/what-will-happen-corporate-profits-if-fed-hikes-december Q3 will be the first quarter in which the US officially suffers an earnings recession: two consecutive quarters of declining annual EPS…
Advice to the Prime Minister/President
byYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice…
How Do People Destroy Their Capital?
byI have written previously about the interest rate, which is falling under the planning of the Federal Reserve. The flip side of falling interest…
Doubtful
by“Sir, Martin Wolf writes: “It may be hard to avoid crises but it is vital to make them both small and rare.” (“In the…
David Stockman: The Bubble Finance Cycle——What Our Keynesian School Marm Doesn’t Get. Parts 1 & 2
bySource: http://davidstockmanscontracorner.com/the-bubble-finance-cycle-what-our-keynesian-school-marm-doesnt-get/ Part 1 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary…
Mish: US Import/Export Prices Show Cross Border Deflationary Pressures
bySource: Mike “Mish” Shedlock http://globaleconomicanalysis.blogspot.co.uk/2015/11/us-importexport-prices-show-cross.html There’s a slew of US economic reports out today. Let’s take a look starting with a look at Import…
Eugen von Bohn Bawerk: The Yield Curve and GDP – a causal relationship?
bySource: http://bawerk.net/2015/10/30/the-yield-curve-and-gdp-a-causal-relationship/ One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates…