Special Note: I'm in Miami this week, a mix of business and personal. I lived here for 30 years and we raised our family here but we moved to South Carolina a little over 3 years ago because we were tired of the traffic and, more than that, the irritability that comes with so many people crammed into such a [...]
I find the article laughable. I should point out I am a millennial male though, so I would think that. We invest in bitcoin because we are BROKE, and you cannot earn any significant amount by working. And honestly, this entire market proves what we all suspected. Working is for suckers, it will not get you ahead, and money makes [...]
For the very few in the mainstream of economics who venture further back in history than October 1929, they typically still don’t go much last April 1925. And when they do, it is only to further bash the gold standard for its presumed role in creating the conditions for 1929. The Brits under guidance of Winston Churchill made a grave [...]
The Chinese currency is once more on top of the news heap, with everyone trying to figure out what is going on. At first, “devaluation” was almost welcomed back in August when it was viewed as some kind of belated PBOC indirect “stimulus.” Very quickly, however, that view was softened as the currency direction appeared very much related to financial [...]
We all have our own conceptions about money, as in many respects it is and should be deeply personal. Most people pay it little mind as all that matters is if our cars can be filled with gasoline and the local grocery store exchanges food for some ready and convenient method of payment. That used to be the primary focus [...]
Indonesia has been here before, playing a key role in fomenting the Asian “flu” in 1997 and 1998. As it turned out, the slide in the rupiah last year, caught up in the taper drama of US “dollar” tightening, was just the initial phase of what looks to be shaping up as a protracted “dollar” problem. It never gets treated [...]
So here we are nearly 6 years removed from the last global financial crisis – surely not the last – and while a lot has been done by global economic policymakers, it seems that not much has really been accomplished. Globally, debt has risen since the crisis despite the cries from some quarters of “austerity”; deleveraging is a myth. Even [...]
While the orthodoxy continues to try to reassure everyone that the economy is still moving to plan, revised innumerably over the years imperceptible as progress has been, there are signs that even mainstream outlets are at least starting to question whether or not that is actually preferable. Not a lot of dots are connected yet, and certainly not from A [...]
In the 1920’s, it was the interruption of the distribution of gold flows via sterilizations and the creation and maintenance of foreign “reserves” and influencing the nascent wholesale markets of the age that served to maintain a high degree of leverage throughout the economy. That it did not show up in consumer prices is only due to the nature of [...]
After building up billions of dollars in reserves placed through NYC banks into Street loans, or call money, the crash of ’29 created a profound disturbance in not just stocks but banking. Here too we get little mainstream examination into the link between stocks and the liquidity event that unleashed at least three discrete and successive waves of bank failures; [...]
Stay In Touch