Unemployment and groupthink
byOn Friday 6th February the American Bureau of Labor Statistics (BLS) released its employment estimates for January, which being better than the market expected,…
Economics
A matter of trust
by“Popping down to #guardiancoffee later on to order a ‘Toynbee’: short, rich and intensely bitter.” – Tweet from Robbie Collin (chief film critic, The…
The Private Equity Boom, Easy Money, and Crony Capitalism
by[Editor’s Note: this piece, by Brendan Brown, first appeared at http://mises.org/library/private-equity-boom-easy-money-and-crony-capitalism] Amongst the big winners from the Obama Fed’s Great Monetary Experiment has been the…
How did we end up here?
byWhile money can be made in markets on the minutest of scales, sometimes it helps to have a broader sense of perspective. After all,…
One Leg to Stand on
byHere’s a question for all the cheering QEuro fans out there. If you came across a country where both real and nominal money supply…
“A more serious disaster later on..”
by“Another day, another central bank failure. In a world of currencies backed only by confidence, every failure is masqueraded as success. Like the ballet…
Does a fall in unemployment lead to stronger economic growth?
byFor the head of the Federal Reserve Board Janet Yellen and most economists the key to economic growth is a strengthening in the labor…
Sovereign Bonds
byToday’s obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has…
The Swiss Franc Will Collapse
byI have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
Asset managers or asset gatherers?
by“The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved…