Category Archive: 6b) Austrian Economics

Yarns, Mysteries, and the CPI

Several ill-defined economic data points were unveiled this week. Namely, the Labor Department’s July consumer price index report. According to the government data, on whole, consumer prices for the month didn’t change one iota. In reality, the CPI is so distorted and disfigured it doesn’t really tell us much that’s useful. Empirical experience and common sense are much better indicators of inflation and deflation. What’s more, you don’t have...

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Should we Be Concerned About the Fall in Money Velocity?

A fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997 has alarmed many experts. Note that the June figure is the lowest since January 1959.

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Does the UK Need Even More Stimulus?

“We are all Keynesians now, so let’s get fiscal.” This is one view according to Ambrose Evans-Pritchard from The Telegraph who believes the time is right for the UK government to loosen its fiscal stance. He suggests that the “Bank of England has done everything possible under the constraints of monetary orthodoxy to cushion the Brexit shock. It is now up to the British government to save the economy, and the sooner the better,” — argues the...

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Dirk Müller im Tagesausblick vom 22.08.2016 – Regierung rät zu Vorratskäufen

www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller

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The Deep State’s Catch-22

What happens if the Deep State pursues the usual pathological path of increasing repression? The system it feeds on decays and collapses. Catch-22 (from the 1961 novel set in World War II Catch-22) has several shades of meaning (bureaucratic absurdity, for example), but at heart it is a self-referential paradox: you must be insane to be excused from flying your mission, but requesting to be excused by reason of insanity proves you're sane.

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The Dos Santos Succession Saga

Arguably one of the easier calls for us to make after 37 years in power was that President dos Santos would find ways of affording himself another 5 years in. Like any ‘effective’ leader, Mr. Santos made sure the final deal to do just that was stitched up long before the Party Congress formally convenes in Luanda, with a lower level MPLA ‘Central Committee’ already rubber stamping his name in mid-August.

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Two More Banks Start Charging Select Clients For Holding Cash

Bank of Ireland, which is 14% owned by the State, has informed its large corporate and institutional customers that it plans to charge them a negative rate of -0.1% for deposits of €10 million or more starting in October.

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Norway: Towards Stagflation

We have all heard the incredible stories of housing riches in commodity producing hotspots such as Western Australia and Canada. People have become millionaires simply by leveraging up and holding on to properties. These are the beneficiaries of a global money-printing spree that pre-dates the financial crisis by decades.

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Look for Slow-Rolling Housing Meltdown in Canada—Here’s How to Profit

Subscribe to Jared Dillian’s free weekly column, The 10th Man, at Mauldin Economics: http://goo.gl/onFW7c

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“Liberty Classroom” Sample Lecture from Robert P. Murphy on Bohm-Bawerk

This is a sample lecture from Robert P. Murphy’s course in the History of Economic Thought in Tom Woods’ LIBERTY CLASSROOM. For more information go to: http://www.libertyclassroom.com/dap/a/?a=351

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Dirk Müller im Tagesausblick vom 18.08.2016 – Monsanto & Bayer: Was dahinter steckt

Weitere Themen: – DAX: Grün, aber auf Stand des Jahreswechsels – “George Soros wettet auf einen Crash” – Fed schwadroniert weiter über Zinserhöhungen – Japan: Sehr schwache Außenhandelsdaten – Saudische Ölförderung auf Rekordhoch – USD/EUR: Welche Rolle spielt der US-Anleihemarkt? www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit...

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Stupid is What Stupid Does – Secular Stagnation Redux

Which country, the United States or Japan, have had the fastest GDP growth rate since the financial crisis? Due to Japan’s bad reputation as a stagnant, debt ridden, central bank dependent, demographic basket case the question appears superfluous. The answer seemed so obvious to us that we haven’t really bothered looking into it until one day we started thinking about the demographic situation in the two countries.

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Why South America Is More Stable Than Eurasia

George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe now (http://goo.gl/CCta5D) and get an in-depth view of the forces that will drive events and investors in the next year, decade, or even a century from now.

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Retail Snails

Second Half Recovery Dented by “Resurgent Consumer”. We normally don’t comment in real time on individual economic data releases. Generally we believe it makes more sense to occasionally look at a bigger picture overview, once at least some of the inevitable revisions have been made. The update we posted last week (“US Economy, Something is Not Right”) is an example.

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Dirk Müller im Tagesausblick vom 15.08.2016 – Weniger Investitionen in Japan und der Eurozone

Japans Wirtschaft wächst kaum noch, die Investitionen sinken. Die Zeichen für die Eurozone sehen ähnlich düster aus. Im heutigen Tagesausblick auf Cashkurs.com spricht unter anderem noch über diese Themen: – Gazprom mit Nord-Stream-2-Pipeline alleine – Ölschwemme potenziert Schulden bei den Multis – Spannungen auf der Krim nehmen zu www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den …

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The Great Stock Market Swindle

Finding and filling gaps in the market is one avenue for entrepreneurial success. Obviously, the first to tap into an unmet consumer demand can unlock massive profits. But unless there’s some comparative advantage, competition will quickly commoditize the market and profit margins will decline to just above breakeven.

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Insanity, Oddities and Dark Clouds in Credit-Land

Insanity Rules Bond markets are certainly displaying a lot of enthusiasm at the moment – and it doesn’t matter which bonds one looks at, as the famous “hunt for yield” continues to obliterate interest returns across the board like a steamroller.

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Murphy vs. Krugman | Robert P. Murphy

Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2016.

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Why Jim Grant and Other Investing Legends Are So Bullish on Gold

Download the SmartMetals® action kit and get an in-depth look at investors’ many options in buying, selling, and storing precious metals: http://goo.gl/XcSCW1 Learn what physical gold offers that paper gold doesn’t, the keys to building an ironclad gold storage strategy (hint: it’s not in your backyard), and 7 Reasons why gold belongs in every investor’s …

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Trump’s Tax Plan, Clinton Corruption and Mainstream Media Propaganda

OUZILLY, France – Little change in the markets on Monday. We are in the middle of vacation season. Who wants to think too much about the stock market? Not us! Yesterday, Republican presidential candidate Donald Trump promised to reform the U.S. tax system.

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