Silver as an investment

Category Archives: Economics

We Need A Public Inquiry Into The Economics Profession

Authored by Ann Pettifor via RenegadeInc.com, Britain is preparing to leave the European Union with no real plan and a government in disarray, writes economist, Ann Pettifor. How can we trust economists at the Treasury not to impose more disastrous policies? If the British economy crashes as a result of Brexit, it will not vindicate […]

“Not Off The Lows” – Oilmageddon Sinks Stocks As Treasury Curve Crashes To 10-Year Lows

Tough day for some…   A bloodbath in the oil patch as WTI entered a bear market, hit a $42 handle and tumbled to the lowest levels since Nov 2016…   That weighed on Trannies the most but selling pressure was abundant… and the absence of dip-buyers was clear (as central bank balance sheet shrank […]

Welcome To The Valium Era

Authored by Bonner & Partners' Bill Bonner, annotated by Acting-Man's Pater Tenebrarum, Don’t Be Fooled by These Calm Markets What is happening in the world of money? Well – the most striking thing is: nothing. It doesn’t seem to matter what happens. Dysfunction in Washington. Meltdown of the techs. No matter how rough the seas get, […]

What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak

Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality. And while the post-crisis recovery has returned the national home price index to its highs from early 2007, most of this rise was generated by a handful of urban markets […]

Mises-Influenced MP Becomes Brexit Minister

mises.org / Tho Bishop / June 14, 2017 Steve Baker, a Conservative Member of Parliament, was announced today as junior Brexit minister under fellow libertarian David Davis. Baker, who has referenced Austrian scholars such as Ludwig von Mises, Jesús Huerta de Soto and F.A. Hayek in the House of Commons, has long been a Eurosceptic and […]

There Ain’t no Economics in Economic Impact Studies

mises.org / Roy Cordato / May 29, 2017 Economic impact studies are everywhere. Whether it’s to support a new highway project, special tax breaks for solar energy, the building of a civic center or sports complex, or to promote subsidies for Hollywood film producers, you can find an economic impact study, often touting how great the […]

Trader “Appalled” At Market Reaction To Manchester Bombing “There’s More To Life Than Next Few Basis Points”

Remember Paris And London in March… At the time of the London attack, Bloomberg's Paul Dobson reminded readers that were wondering about the sanguine response to the breaking news, that terrorist incidents including the one in Paris in 2015 and London bombings in 2005 spurred equity selloffs that were erased in the following days and […]

Law Firms Are Making a Killing Off Madoff Victims’ Recovery Funds

We all are familiar with the $64b in lost capital by Madoff, which was the worst ponzi scheme loss in history. But did you know that only $17.5b in principal was lost? Of that principal, most of it has been recovered — $9 through Picard and another $4b through Breeden. I am not here to […]

Ponzi Scheme: What The Chicago Teachers’ Pension Would Be Called If It Were A Hedge Fund

A long, long time ago, back in 2008 when most of today’s hedge fund analysts were still stressing over what to wear to prom, a man named Bernard Madoff was arrested for bilking unsuspecting investors out of $65 billion.  Madoff ran what is traditionally referred to as a ponzi scheme in which new investments were […]

How To Stick It To Your Banker, The Fed, & The Whole Doggone Fiat Money System

Authored by EconomicPrism's MN Gordon via Acting-Man.com, Bernanke Redux Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job.  Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet […]