May, 2011

Rioting Over the Weekend

From the Drudge Report today are the following articles: UPDATE: MIAMI ‘WAR ZONE’ DURING URBAN WEEKEND… ‘I was scared for my life’… Poet ‘Da Real One’ Gunned Down In Front Of Miami Poetry Cafe… Violent crime explodes in Myrtle during Black Bike Week; 8-hour hell… Rib Fest At Rochester beach turns rowdy… Riot On Long Island… Urban Melee In Charlotte… [...]

The Once-Mighty Dollar

Ben Bernanke’s Quantiative Easing is destroying the dollar. The destruction is worse than it appears when compared to a basket of currencies because many currencies in the reference basket are also being destroyed at various rates. The results of economic stimulus around the world in an effort to fight off the economic crisis is producing “beggar-thy-neighbor” effects, intended or not. [...]

Memorial Day

Whether you believe that most wars are bad, as does Ron Paul, or that all wars are good (some neocons), should have no bearing on how you feel about the men and women who serve. I fall into the Ron Paul camp. Even during the darkest days of the Cold War, I always thought the Russian people and the American [...]

Death Spiral Underway

Gordon T. Long has an interesting piece entitled The Economic Death Spiral Has Been Triggered. He concludes: The Basel BIS Bankers fully understand the underpinnings of the shift from a Virtuous Cycle to a Vicious Spiral presently underway. They are doing everything within their power to offset it. Policies of “extend and pretend” and “kick the can down the road” are [...]

Beginning of a Run to Abandon Treasuries?

We live in interesting and dangerous times. Is this the beginning of a run from Treasuries by foreigners? There was one truly interesting observation in this week’s Fed balance sheet update: not that the actual balance sheet hit a new all time record (which it did at $2.779 trillion), or that the Fed added another $24 billion in Treasurys to [...]

Inflation? Nah!

The Daily Reckoning discusses what most media pundits continue to claim in not a problem: Based on official US data, the Consumer Price Index (CPI) is up 3.2% over the last 12 months, while the Producer Price Index (PPI) is up 6.8%. Both numbers are higher than in recent history, but neither one seems particularly terrifying…on the surface. When you [...]

Common Man Economists vs “Professional” Economists

Often, the common man seems to understand economics better than trained economists. He is forced to, in order to navigate the journey of life. Living in the real world and constrained by income limitations, he regularly must choose amongst competing needs and wants, prepare for unknown emergencies and make decisions as to whether to consume more today or defer some [...]

Watch Out Ahead!

Ty Andros and Gordon T. Long provide periodic discussions regarding the state of the world and our economy. Friday’s (May 27) was particularly good regarding the state of our economy. Click here to listen and view their slides.

Austrian Business Cycle Theory

For those interested in a simple explanation of Austrian Business Cycle Theory, this 8 minute video from Thomas Woods might be very useful:

Greece-ian Formula For US

Most people are unable or unwilling to imagine what is coming in Euro land. Despite all efforts, a scenario similar to the following will unfold. It will trigger a domino effect which will eventually destroy the Euro. We are headed for a similar fate as a result of our profligacy. Our debt cannot be paid off. It is too large. [...]