US Economic Outlook: Default, Hyperinflation or Both
By Richard Daughty
0 comments»
Bill Bonner at The Daily Reckoning reports that “Even if America taxed 100% of all household wealth, it would not be enough to put its balance sheet in the black”, which I note seems exactly right to me, and I am able to corroborate Mr. Bonner’s anal....
:: Friday, March 19, 2010
Latest Blogs
The Inflation Problem
By Ajay Shah
0 comments»
Another year, another messy situation with inflation: we continue to suffer the consequences of faulty economic policy institutions. To get a sense of what is going on, be sure to ignore the standard year-on-year inflation data (which shows what happ....
By Ajay Shah
0 comments»
Another year, another messy situation with inflation: we continue to suffer the consequences of faulty economic policy institutions. To get a sense of what is going on, be sure to ignore the standard year-on-year inflation data (which shows what happ....
Deflation
By Russ Nelson
1 comments»
I've written about deflation twice before: Deflation and Deflation 2. Third time's the charm? The common wisdom is that deflation of the currency is bad. When money deflates, it becomes more valuable, even when you do nothing. So the theory is t....
By Russ Nelson
1 comments»
I've written about deflation twice before: Deflation and Deflation 2. Third time's the charm? The common wisdom is that deflation of the currency is bad. When money deflates, it becomes more valuable, even when you do nothing. So the theory is t....
Private Debt Decline: Good For US, Bad for the Economy
By Richard Daughty
0 comments»
I got a disturbing email from Bianco Research which showed a chart of “Private Credit Market Debt” which they say shows “Total credit market creation not including Treasury Debt, Municipal Debt and Agency Debt”. It is actually a horror that the le....
By Richard Daughty
0 comments»
I got a disturbing email from Bianco Research which showed a chart of “Private Credit Market Debt” which they say shows “Total credit market creation not including Treasury Debt, Municipal Debt and Agency Debt”. It is actually a horror that the le....
Gold, Silver and Oil: Buying the Essentials in Tough Markets
By Richard Daughty
0 comments»
The Money Morning newsletter bills itself as “Essential investment news & insight from MoneyWeek.com” which makes me suspicious right away because of all the times I have been lied to over the years by people telling me that something is “essenti....
By Richard Daughty
0 comments»
The Money Morning newsletter bills itself as “Essential investment news & insight from MoneyWeek.com” which makes me suspicious right away because of all the times I have been lied to over the years by people telling me that something is “essenti....
China's Exchange Rate Policy
By Rok Spruk
0 comments»
Paul Krugman (link) and Greg Mankiw (link) analyze the costs and benefits of China's exchange rate policy.....
By Rok Spruk
0 comments»
Paul Krugman (link) and Greg Mankiw (link) analyze the costs and benefits of China's exchange rate policy.....
Japan - Defying Gravity?
By Claus Vistesen
0 comments»
Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happ....
By Claus Vistesen
0 comments»
Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happ....
Talk in Chicago on Testing, Dating and Monitoring of Structural Change of the Exchange Rate Regime
By Ajay Shah
0 comments»
I have long collaborated with Achim Zeileis, Ila Patnaik, Anmol Sethy and Vimal Balasubramaniam on testing, dating and monitoring of structural change of the de facto exchange rate regime. A few weeks ago, Anmol Sethy had done a talk about ....
By Ajay Shah
0 comments»
I have long collaborated with Achim Zeileis, Ila Patnaik, Anmol Sethy and Vimal Balasubramaniam on testing, dating and monitoring of structural change of the de facto exchange rate regime. A few weeks ago, Anmol Sethy had done a talk about ....
Readings for This Week
By Rok Spruk
0 comments»
Here's a list of interesting readings for this week. In NY Times, Paul Krugman discussed (link) the painfulness of financial crisis in Ireland and the U.S and suggesting what we should learn from banking regulation in Canada to prevent future cris....
By Rok Spruk
0 comments»
Here's a list of interesting readings for this week. In NY Times, Paul Krugman discussed (link) the painfulness of financial crisis in Ireland and the U.S and suggesting what we should learn from banking regulation in Canada to prevent future cris....
Bet Against the Majority. Buy Gold.
By Richard Daughty
0 comments»
I was laid out on the couch, which I remember distinctly because my wife was yelling, “If you’re going lay down on the couch instead of doing something around the house to help me out, at least take your damned shoes off!” and I was using the remote ....
By Richard Daughty
0 comments»
I was laid out on the couch, which I remember distinctly because my wife was yelling, “If you’re going lay down on the couch instead of doing something around the house to help me out, at least take your damned shoes off!” and I was using the remote ....
Consumer Spending Now Likely Fastest In Three Years
By Eldon Mast
0 comments»
U.S. retail sales posted a surprising gain in February despite falling car demand amid trouble at auto maker Toyota MotorCorp. and fierce blizzards that crippled the East Coast for days. Retail sales rose last month by 0.3%, the Commerce Departmen....
By Eldon Mast
0 comments»
U.S. retail sales posted a surprising gain in February despite falling car demand amid trouble at auto maker Toyota MotorCorp. and fierce blizzards that crippled the East Coast for days. Retail sales rose last month by 0.3%, the Commerce Departmen....
The Two Great Industries of Bombay
By Ajay Shah
0 comments»
A few years ago, when Percy Mistry's committee was working on the MIFC report, I used to joke that of the two great industries in Bombay, movies will make it first to international customers. A few days ago in the New York Times, Anupama Ch....
By Ajay Shah
0 comments»
A few years ago, when Percy Mistry's committee was working on the MIFC report, I used to joke that of the two great industries in Bombay, movies will make it first to international customers. A few days ago in the New York Times, Anupama Ch....
Euro Evaporation Leading To Credit Default Swaps And IMF Gold
By Trace Mayer
0 comments»
The IMF gold has serious geo-political ramifications in the background because of the nature of foreign exchange reserves, credit default swaps and gold. Wikipedia: South Korea and Japan are both home to large numbers of United States troops ....
By Trace Mayer
0 comments»
The IMF gold has serious geo-political ramifications in the background because of the nature of foreign exchange reserves, credit default swaps and gold. Wikipedia: South Korea and Japan are both home to large numbers of United States troops ....
Blog Categories
Most Commented
Missing The Obvious
By Dan McLaughlin
43 comments»
I recently heard a very knowledgeable, influential person talking about the future. He had many insights that were helpful and valid. His economic views, however were quite disturbing. He made a comment to the effect that capitalism is immoral. He po....
By Dan McLaughlin
43 comments»
I recently heard a very knowledgeable, influential person talking about the future. He had many insights that were helpful and valid. His economic views, however were quite disturbing. He made a comment to the effect that capitalism is immoral. He po....
GOLD STANDARD ... DEBUNKED OR ANOTHER BUBBLE?
By Stephan Zimmermann
38 comments»
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and m....
By Stephan Zimmermann
38 comments»
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and m....
The End Of Fractional Reserve Banking?
By Dan McLaughlin
27 comments»
United States Treasury Notes were recently auctioned off for a yield of 0%. That means that very smart people running mutual funds, brokerage houses and other very large organizations were willing to invest lots of money and get nothing in return ot....
By Dan McLaughlin
27 comments»
United States Treasury Notes were recently auctioned off for a yield of 0%. That means that very smart people running mutual funds, brokerage houses and other very large organizations were willing to invest lots of money and get nothing in return ot....
Why Software Piracy Isn't Theft
By Bhagwad Jal Park
25 comments»
In an earlier article of mine on the dependance of Windows on Piracy, I promised a discussion on whether or not software piracy should be considered as theft. Well, here we are, and I would like to demonstrate how piracy is not theft. To start of wi....
By Bhagwad Jal Park
25 comments»
In an earlier article of mine on the dependance of Windows on Piracy, I promised a discussion on whether or not software piracy should be considered as theft. Well, here we are, and I would like to demonstrate how piracy is not theft. To start of wi....
Got an Economics Question?
By Stephan Zimmermann
22 comments»
The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more. Readers have many questions. Undoubtedly, you w....
By Stephan Zimmermann
22 comments»
The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more. Readers have many questions. Undoubtedly, you w....
Why I want to get out of America as fast as I can
By Bhagwad Jal Park
20 comments»
I arrived in the United States a few months ago with my wife. It was my first time to America, and I was looking forward to experiencing new things and enjoying myself. However, I am becoming aware that far from being everything that America is hyped....
By Bhagwad Jal Park
20 comments»
I arrived in the United States a few months ago with my wife. It was my first time to America, and I was looking forward to experiencing new things and enjoying myself. However, I am becoming aware that far from being everything that America is hyped....
Inflation, Deflation, Recession
By Norbert Haag
17 comments»
We all know what inflation is, don't we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what? Have I confused you? Good. Time to talk a bit about the ....
By Norbert Haag
17 comments»
We all know what inflation is, don't we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what? Have I confused you? Good. Time to talk a bit about the ....
Dominant Economic Views in Western Society, Part II
By Stephan Zimmermann
16 comments»
It would be (or maybe is?) an interesting and informative exercise to poll existing undergraduate economic students whether they consider themselves “Homo economicus.” A second part of the study could be completed with graduate students, about to ....
By Stephan Zimmermann
16 comments»
It would be (or maybe is?) an interesting and informative exercise to poll existing undergraduate economic students whether they consider themselves “Homo economicus.” A second part of the study could be completed with graduate students, about to ....
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Religion and Economics
"Without referring to religion, the point that would-be economists need to address is their fundamental view of nature of mankind. To me it is important that not only the Judeo-Christian-Muslim views be addressed, but also the various philosophies of the...African worlds. Perhaps since the U.S. and modern Europe are the accepted leaders in terms of economic theories, tracing that branch of the science back to Abrahamic principles might well be an appropriate first step. ...No matter what the approach, a recognition of each person's view of the nature of mankind should make economics much easier to digest and understand." Discuss...
Recent Comments
CrisisMaven:
Deflation does not keep people from spending – they always spend what's necessary. And money NOT "spent" is then saved which means it is credit to someone who invests it for capital goods etc. thus it is again being spent, only not for consumption. M...
Deflation does not keep people from spending – they always spend what's necessary. And money NOT "spent" is then saved which means it is credit to someone who invests it for capital goods etc. thus it is again being spent, only not for consumption. M...
Jared Norberg:
Thank you, Jesse Forgione, for understanding the despicable system that's really at the bottom of the furor over pirating. Thank you, Jal Park, for giving me a much simpler way of arguing it for those who don't have time to get into details right ...
Thank you, Jesse Forgione, for understanding the despicable system that's really at the bottom of the furor over pirating. Thank you, Jal Park, for giving me a much simpler way of arguing it for those who don't have time to get into details right ...
Captain Reality:
The "bills of credit" prohibition applies to the STATES, not to congress (i.e. the Federal Government). At the end of this post is the part of the constitution that authorises congress to create money. I draw your attention specifically to this cl...
The "bills of credit" prohibition applies to the STATES, not to congress (i.e. the Federal Government). At the end of this post is the part of the constitution that authorises congress to create money. I draw your attention specifically to this cl...
Justin:
Outsourcing should be strictly limited and unfortunately the places that primarily practice it cannot be counted on to police themselves. This means that the government needs to lay down legislation to force them to. Corporations and their CEO's ...
Outsourcing should be strictly limited and unfortunately the places that primarily practice it cannot be counted on to police themselves. This means that the government needs to lay down legislation to force them to. Corporations and their CEO's ...
Jose:
Thermal conduction of gold is a little less than twice that of tungsten. A torch kept far enough away from suspect gold so as not to cause any damage can be heated on one end. As it is heated, the flow of heat can be done by hand or by an inexpen...
Thermal conduction of gold is a little less than twice that of tungsten. A torch kept far enough away from suspect gold so as not to cause any damage can be heated on one end. As it is heated, the flow of heat can be done by hand or by an inexpen...
vesey:
If you have to write an article this long to justify pirating then it's theft plain and simple.................
If you have to write an article this long to justify pirating then it's theft plain and simple.................
Winton Bates:
Rob and Harry: Thanks for your comments. I think you make some good points. When I think further about the example of two equally qualified job applicants competing for one position it seems to me that this a fairly trivial example of conflict of...
Rob and Harry: Thanks for your comments. I think you make some good points. When I think further about the example of two equally qualified job applicants competing for one position it seems to me that this a fairly trivial example of conflict of...
Euro Crisis:
If Greece was to default on its debt the banks of the country will collapse immediately. At that event their will be no way for the government to save the depositors of the banks since they will not be able to print or borrow money. The implications ...
If Greece was to default on its debt the banks of the country will collapse immediately. At that event their will be no way for the government to save the depositors of the banks since they will not be able to print or borrow money. The implications ...
