Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
Archive for March, 2011
Robert Murphy provides an excellent review of the results of the Fed’s Quantitative Easing policy. His conclusion: With job creation remaining scandalously sluggish, andhousing sales still on the skids, about the only thing we can say with confidence is that QE2 has stuffed hundreds of billions into the pockets of the friends of Bernanke.
Mish provides a brief lesson in “libertarian” economics vs. “regulatory” economics. I like his post, but not his dichotomy. Perhaps a better taxonomy might have been markets vs. interventionism, although with the ignorance regarding economics that exists I understand why he chose what he did. True libertarians and regulators will object that Mish represents their […]
For those interested in monitoring the Federal Reserve’s Balance Sheet (you should be for it is a proxy for money creation), here is an interactive graph that tracks it over time. This graph is really useful to see how and when the Fed acted.
Inflation is an expansion of the money supply which ultimately shows up in an increase in prices. The rise in prices is a symptom produced by the increase in the supply of money. To properly understand inflation and hyperinflation, it is necessary to understand Money, specifically the Supply of Money and the Demand for Money. […]
SIMON SEBAG MONTEFIORE has an interesting opinion piece on Revolutions. He points out that revolutions are the result of complex forces that build over time. Catalysts are not generally not causes: Revolutions are set off by dramatic events, yes — a stolen election in Iran in 2009, a self-immolation in Tunisia. But they also reflect […]
John Rubino was recently interviewed by Chris Martenson. Regular readers of this site know these two people are amongst my favorite analysts. One of the important opinions Mr. Rubino provided is the following: The sad truth is that there’s no fix for the mess we’ve created — at least nothing on the menu of politically […]
Avik Roy has produced a superb summary of the first year of ObamaCare and projections for the second and subsequent years: Year One of the Obamacare Era A look back, and a look forward One year ago this week — March 23, 2010 — President Obama signed the Patient Protection and Affordable Care Act into […]
Jeff Clark presents the following people as “experts” regarding the economic future. They certainly are distinguished, well-known and have a following. Their views are worth knowing and made available by Mr. Clark: Jim Rogers is a self-made billionaire, author of the best-sellers Adventure Capitalist and Investment Biker, and a sought-after financial commentator. He was a co-founder of […]
The Broken Window Fallacy, debunked by Frederic Bastiat over 150 years ago, still reigns supreme in Keynesian economics. Some might call it the keystone of this brand of political-economic chicanery. It is the height of economic nonsense, yet supposedly intelligent and educated people In a modern day twist, Jason Kaspar channels his inner Bastiat and […]