A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Economics
Market failure
by“There are two ways of learning how to ride a fractious horse; one is to get on him and learn by actual practice how…
Is an increase in capital goods orders always good for the economy?
byOrders for US non-military capital goods excluding aircraft rose by 0.6% in August after a 0.2% decline in July to stand at $73.2 billion….
The velocity myth
byIf there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…
Weak Labour Markets and Repo Market Disruptions
byCentral Banking Low interest rates contribute to weak labour markets In the latter part of August, the cream of the world’s central bankers convened…
A difficult question
byIn a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market…
Austrians, Fractional Reserves, and the Money Multiplier
by[Editor’s note: this article, by Robert Batemarco, first appeared at Mises.org] John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian…
Rethinking Japan’s “Lost Decades”
by[This article, by Peter St. Onge, first appeared at mises.org] One of the great economic myths of our time is Japan’s “lost decades.”…