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…
Economics
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…
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…
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…
Keeping the Bubble-Boom Going
byThe US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period…
Zero Hedge: After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake
bySource: http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake As you’re no doubt aware, the Fed is fond of using the research departments at its various branches to validate policy and…
Will China’s currency depreciation help the economy?
byLast week the Chinese government decided to depreciate its currency on three consecutive occasions. On Thursday the price of the US$ was trading at…
Reserve Judgement
byWith regard to the vexed issue of the renminbi, let’s focus on the basics. The official response to July’s stock market collapse saw loans…
But what does it mean?
by“Risk is what’s left over when you think you’ve thought of everything.” – Carl Richards. By the time this financial crisis is over, a…