Category Archive: 6b) Austrian Economics

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The Falling Productivity of Debt

2017-10-20

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2017-10-20

Marginal Debt Productivity, Jan 1953 - 2017
Discounting the Present Value of Future Income. Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock market predictions. We talk about this phenomenon to make a different point. The discount rate has fallen to a very low level indeed.

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Dirk Müller – Online-Shopping gegen Einzelhandel: Dramatische Veränderungen in den USA

2017-10-19

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Auszug aus dem Cashkurs.com-Tagesausblick vom 19.10.2017. https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller Bildrechte: Cashkurs.com & zhu difeng / Shutterstock.com

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Dirk Müller – Chinas 5-Jahres-Plan: Aggressive Politik wird von uns belächelt

2017-10-18

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Auszug aus dem Cashkurs.com-Tagesausblick vom 18.10.2017. https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller Bildrechte: Cashkurs.com & Daboost / Shutterstock.com

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Taleb Explains How He Made Millions On Black Monday As Others Crashed

2017-10-17

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2017-10-17

Man
Former trader and author of best-selling book “The Black Swan” sat down for an interview with Bloomberg News to mark the upcoming thirtieth anniversary of the stock-market crash that occurred on Oct. 19, 1987 – otherwise known as Black Monday.

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The Donald Can’t Stop It

2017-10-15

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2017-10-15

Margin Adjusted Cape, 1928 - 2016
The Dow’s march onward and upward toward 30,000 continues without a pause. New all-time highs are notched practically every day. Despite Thursday’s 31-point pullback, the Dow is up over 15.5 percent year-to-date. What a remarkable time to be alive. President Donald Trump is pumped! As Commander in Chief, he believes he possesses divine powers. He can will the stock market higher – and he knows it.

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Le déclin de la valeur travail

2017-10-14

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2017-10-14

Schumpeter
Le travail: toujours une valeur? Et a-t-il encore de la valeur? Le commerce et, d’une manière générale, les échanges transfrontaliers entre nations, ont considérablement amélioré nos conditions de vie. Mais, en fait, que ferait-on sans commerce ? En d’autres termes, s’il fallait tout réaliser soi-même sans faire appel à d’autres corps de métier, à d’autres entreprises et à d’autres nations dont la spécialité n’est guère disponible dans notre pays...

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Business Cycles | Robert P. Murphy

2017-10-13

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Independent Institute Research Fellow Robert P. Murphy talks about business cycles at the 2016 Challenge of Liberty Summer Seminar held at Santa Clara University, in Santa Clara, California. 00:10 Introduction 00:35 Outline of the lecture 01:48 The problem 04:40 Schools of Thought on Business cycles: 04:52 Keynesian 08:58 Monetarist 18:40 Austrian 19:39 Austrian business cycle …

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“This May Be The End Of Europe As We Know It”: The Pension Storm Is Coming

2017-10-13

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2017-10-13

World Population 65 years and older, 1990 - 2050
I’ve written a lot about US public pension funds lately. Many of them are underfunded and will never be able to pay workers the promised benefits - at least without dumping a huge and unwelcome bill on taxpayers. And since taxpayers are generally voters, it’s not at all clear they will pay that bill. Readers outside the US might have felt safe reading those stories. There go those Americans again… However, if you live outside the US, your country...

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Dirk Müller – Kreditwende: Die Katastrophe ist absehbar

2017-10-13

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Auszug aus dem Cashkurs.com-Tagesausblick vom 13.10.2017. Sehen Sie den kompletten Tagesausblick auf Cashkurs.com und erhalten Sie werbefreien Zugriff auf alle Premiuminhalte inkl. Beiträgen und Videos: http://bit.ly/ck-registrieren “Machtbeben” – Das neue Buch von Dirk Müller – Jetzt überall im Vorverkauf: https://bit.ly/2zv3oOk https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse,...

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1987, 1997, 2007… Just How Crash-Prone are Years Ending in 7?

2017-10-12

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2017-10-12

Dow Jones 10 Year Cycle, 1987 - 2015
Bad Reputation. Years ending in 7, such as the current year 2017, have a bad reputation among stock market participants. Large price declines tend to occur quite frequently in these years. Just think of 1987, the year in which the largest one-day decline in the US stock market in history took place: the Dow Jones Industrial Average plunged by 22.61 percent in a single trading day. Or recall the year 2007, which marked the beginning of the GFC...

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Dirk Müller – Trump: Wieso gibt sich die USA dermaßen der Lächerlichkeit preis? Was steckt dahinter?

2017-10-12

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Auszug aus dem Cashkurs.com-Tagesausblick vom 11.10.2017. https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller Bildrechte: Cashkurs.com & a katz / Shutterstock.com

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Mauldin Economics Emergency Summit

2017-10-12

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Watch Protection & Profit, a free, two-part emergency summit from Mauldin Economics: http://www.mauldineconomics.com/go/v37qqk/MEC

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Mauldin Economics Emergency Summit

2017-10-11

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Watch Protection & Profit, a free, two-part emergency summit from Mauldin Economics: http://www.mauldineconomics.com/go/v37qqk/MEC

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London House Prices Are Falling – Time to Buckle Up

2017-10-11

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2017-10-11

House
London house prices fall in September: first time in eight years. High-end London property fell by 3.2% in year. House sales down by over a very large one-third. Global Real Estate Bubble Index – see table. Brexit, rising inflation and political uncertainty causing many buyers to back away from market. U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world.

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Dirk Müller – Zerreißprobe! Katalonien zeigt Grundproblem Europas, das wir dringend lösen müssen!

2017-10-11

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Auszug aus dem Cashkurs.com-Tagesausblick vom 11.10.2017. https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller Bildrechte: Cashkurs.com & Riderfoot / Shutterstock.com

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Donald Trump: Warmonger-in-Chief

2017-10-11

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2017-10-11

Armchair General
If a world conflagration, God forbid, should break out during the Trump Administration, its genesis will not be too hard to discover: the thin-skinned, immature, shallow, doofus who currently resides in the Oval Office! This past week, the Donald has continued his bellicose talk with both veiled and explicit threats against purported American adversaries throughout the world.

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Federal Reserve President Kashkari’s Masterful Distractions

2017-10-09

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2017-10-09

Axe
The True Believer.How is it that seemingly intelligent people, of apparent sound mind and rational thought, can stray so far off the beam? How come there are certain professions that reward their practitioners for their failures? The central banking and monetary policy vocation rings the bell on both accounts. Today we offer a brief case study in this regard.

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Hard Assets In An Age Of Negative Interest Rates

2017-10-04

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2017-10-04

Time is the soul of money, the long-view - its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in the Western world, that of Switzerland.

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Dirk Müller – Precrime: Mit Höchstgeschwindigkeit in den Totalitarismus

2017-10-04

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“Machtbeben” – Das neue Buch von Dirk Müller – Jetzt überall im Vorverkauf: https://bit.ly/2zv3oOk Auszug aus dem Cashkurs.com-Tagesausblick vom 04.10.2017. https://www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller Bildrechte: Cashkurs.com & GlebSStock / Shutterstock.com

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“This Is A Crisis Greater Than Any Government Can Handle”: The $400 Trillion Global Retirement Gap

2017-10-03

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2017-10-03

Size of the retirement savings gap, 2015 - 2050
Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop. Lately I have focused on the trend in US public pension funds, many of which are woefully underfunded and will never be able to pay workers the promised benefits, at least without dumping a huge and unwelcome...

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