Category Archive: 6b) Austrian Economics

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A Fully Automated Stock Market Blow-Off?

2016-07-25

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2016-07-25

About one month ago we read that risk parity and volatility targeting funds had record exposure to US equities. It seems unlikely that this has changed – what is likely though is that the exposure of CTAs has in the meantime increased as well, as the recent breakout in the SPX and the Dow Jones Industrial Average to new highs should be delivering the required technical signals.

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BullionStar Perspectives: Jayant Bhandari – Gold Disparity in India

2016-07-25

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Jayant Bhandari (www.jayantbhandari.com) shares with us his views on gold disparity in India and some of the geopolitical cause and effects.

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The Real Reason the “Rich Get Richer”

2016-07-24

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2016-07-24

  Time the Taskmaster DUBLIN – “Today’s money,” says economist George Gilder, “tries to cheat time. And you can’t do that.” It may not cheat time, but it cheats far easier marks – consumers, investors, and entrepreneurs.   Tempus fugit – every action...

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Household Savings Rate Compared

GDP growth is a bad economic measure. GDP growth in the form of consumption-driven (hyper-) activity (aka Bawerk's "GDC" Gross Domestic Consumption) must finally lead to a depreciating currency, inflation, falling government bond prices and wealth in real terms. Instead, GDP should be driven by investment and the consequent improvements in productivity.

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The Race Between Tyranny and Liberty | Robert P. Murphy

2016-07-21

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This event was held at Santa Clara University, on June 22, 2016. Robert P. Murphy is a Research Fellow at the Independent Institute, Research Assistant Professor at the Free Market Institute at Texas Tech University, President of Consulting by RPM, Senior Economist at the Institute for Energy Research, and Associated Scholar with the Ludwig von …

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US To Seize $1 Billion In Embezzled Malaysian Assets Which Goldman Sachs Helped Buy

2016-07-21

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2016-07-21

The last time we wrote about the long-running saga of the scandalous collapse and constant corruption at the Malaysian state wealth fund, 1MDB, which also happened to be an unconfirmed slush fund for president Najib, was a month ago when we learned that the NY bank regulator was looking into fundraising by the fund's favorite bank, Goldman Sachs.

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The Day They Killed the Dollar

2016-07-20

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2016-07-20

LAS VEGAS – It was 113 degrees outside when we rolled through Baker, California, a few days ago. We drove along in comfort, but our sympathies turned to the poor pilgrims who made their way to California in covered wagons. How they must have suffered!

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The World’s Central Banks Are Making A Big Mistake

2016-07-20

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2016-07-20

While everyone was talking about Brexit last month, the Bank for International Settlements released its 86th annual report. Based in Basel, Switzerland, the BIS functions as a master hub for all the world’s central banks. It settles transactions among central banks and other international organizations. It doesn’t serve private individuals, businesses, or national governments.

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George Friedman: Terrorism Fuels Nationalism and Deglobalization of the World

2016-07-20

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George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe here: http://goo.gl/fz8LE2. Each week you’ll receive an in-depth view of the forces driving events and investors in the next year, decade, or even a century from now.

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Hans-Hermann Hoppe: “Put Your Hope In Radical Decentralization”

2016-07-19

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2016-07-19

All major political parties in Western Europe, regardless of their different names and party programs, are nowadays committed to the same fundamental idea of democratic socialism. They use democratic elections to legitimize the taxing of productive people for the benefit of unproductive people. They tax people, who have earned their income and accumulated their wealth by producing goods or services purchased voluntarily by consumers (and of course...

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Bank of Japan: Destination Mars

2016-07-18

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2016-07-18

Asset Price Levitation One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather fantastical.

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Three-Ring Circus

2016-07-18

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2016-07-18

Speculator’s Market LOS ANGELES – Stocks were up again… Whoa! Hold on just a cotton-picking minute. Honest investors are getting out of the stock market. There have been net withdrawals of $80 billion from U.S. equity funds so far this year. Who’s buying?

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End of an Era: The Rise and Fall of the Petrodollar System

2016-07-18

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2016-07-18

The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.

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Dirk Müller im Tagesausblick vom 18.07.2016 – Kommentar zum Militärputsch in der Türkei

2016-07-18

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Weitere Themen: – Gesetz für autonomes Fahren in Deutschland auf den Weg gebracht – Neuer Chefökonom der Weltbank: “Charter Citys” gegen die Armut www.cashkurs.com – Ihre unabhängige Finanzinformationsplattform zu den Themen Börse, Wirtschaft, Finanzmarkt von und mit Dirk Müller

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Ronald Stöferle: Gold als Schutz gegen den ultimativen Crash

2016-07-18

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Der Brexit-Schock steckt vielen Anlegern noch tief in den Knochen – und auch in Fachkreisen gab es in den letzten Wochen viel Gesprächsbedarf rund um die optimale Anlagestrategie. Die neueste Ausgabe von pro aurum TV beleuchtet zwei Studien, welche die Bedeutung von Gold in unsicheren Anlagezeiten deutlich machen. Denn der Goldpreis ist im ersten Halbjahr …

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Brexit or not, the pound will crash

2016-07-16

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2016-07-16

Status quo, as our generation know it, established in 1945 has plodded along ever since. It is true that it have had near death experiences several times, especially in August 1971 when the world almost lost faith in the global reserve currency and in 2008 when the fractional reserve Ponzi nearly consumed itself. While the recent Brexit vote seem to be just another near death experience.

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George Friedman: Coup In Turkey

2016-07-16

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George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe here: http://goo.gl/fz8LE2. Each week you’ll receive an in-depth view of the forces driving events and investors in the next year, decade, or even a century from now.

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Helping Robots Find Jobs…

2016-07-15

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2016-07-15

When the cost of capital goes down to zero, a company with access to that cheap – or even free – money can afford to pay almost an infinite amount of money to get rid of its employees and hire robots. “Zero-interest-rate policy is really a full robot employment program.”

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“It’s Prohibited By Law” – A Problem Emerges For Japan’s “Helicopter Money” Plans

2016-07-14

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2016-07-14

Over the past four days, risk assets have been on a tear, led by the collapsing Yen and soaring Nikkei, as the market has digested daily news that - as we predicted last week - Bernanke has been urging Japan to become the first developed country to unleash the monetary helicopter, in which the central banks directly funds government fiscal spending, most recently with an overnight report that Bernanke has pushed Abe and Kuroda to sell perpetual...

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Central Bank Wonderland is Complete and Now Open for Business — The Epocalypse Has Fully Begun

2016-07-14

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2016-07-14

Summer vacation is here, and the whole global family has arrived at Central-Bank Wonderland, the upside-down, inside-out world that banksters and their puppet politicians call “recovery.” Everyone is talking about it as wizened traders puzzle over how stocks and bonds soared, hand-in-hand, in face of the following list of economic thrills:

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