For honest money and social progress
[This article first appeared here http://truesinews.com/2015/04/10/mario-draghi-prime-broker-to-the-universe/] When even the eminent lawyer, Christine Lagarde, interrrupts her incessant calls for more ‘stimulus’ to confess that yes, peut-être, we ought to…
Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit…
Technology Indices and Creative Destruction – When Might the Bubble Burst? Publically traded technology stocks trade on modest multiples compared to 2000 Private sector…
[This first appeared here http://truesinews.com/2015/04/08/midweek-macro-musings/] Here we present one of a series of brief runs-though of the salient events of the past week or so….
“In journalism and blogging, a listicle is a short-form of writing that uses a list as its thematic structure, but is fleshed out with…
[Editor’s Note: The original can be found here http://truesinews.com/2015/03/26/the-ghost-of-37/] With the Fed supposedly steeling itself at last to remove a little of its emergency…
“March 17 – Bloomberg (Kelly Bit): “Ray Dalio, founder of the world’s largest hedge fund firm, Bridgewater Associates, told investors there’s a risk that…
Though the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise…
Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists…
“Marketing is what you do when your product is no good.” – Edwin Land. Rosser Reeves was one of the most celebrated American…