Articles related to Bubble
Frank Shostak
  Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now. Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial producti
Wednesday, June 19, 2019
Robert Blumen - 24hgold
Real Bills, Phony Wealth 
"The masses are misled by the assertions of the pseudo-experts,” wrote Mises, “that cheap money can make them prosperous at no expense whatever.” The damage that this inflationary fallacy has done to our monetary institutions cannot be over-estimated. In spite of efforts by classical and Austrian economists to refute it, it refuses to die. It has been resurrected under many guises, but all with the same error at its core: that printing money can create real wealth.
Monday, May 13, 2019
Mickey Fulp - Mercenary Geologist
Gold, Silver, and the US Dollar: 1792-1971
In today's musing, I review the history of gold, silver, and fiat currency as money in the United States of America. I document how various wars, panics and depressions, Congressional acts, and executive orders have affected the US dollar prices of precious metals and resulting gold-silver ratios.This musing covers the period from 1792 when the United States government first established a national currency backed by gold and silver until
Saturday, April 6, 2019
Steve Saville - Speculative Investor
  What should the gold/silver ratio be
The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exis
Friday, April 5, 2019
Nathan Lewis - New World Economics
  The Silver:Gold Ratio, 1687-2011 
We have something special this week: the open market value of silver, compared to gold, over a period of over three centuries. The location is London. For a long time, silver and gold were, in a sense, two versions of the same thing, just like one dollar bills and twenty dollar bills are today. Their ratio of value was not perfectly stable, like the 20:1 ratio of $1 bills and $20 bills, but it was quite stable between about 16:1 and 15:1. Both silver and gold ser
Wednesday, March 27, 2019
Sprott Money
Death Valley Snowballs and Fiat Currencies - Gary Christenson
Keep it simple! Snowballs have a short life expectancy in Death Valley. Fiat currencies, backed by credit and debt, survive longer than snowballs in Death Valley, but history shows all fiat currencies are inflated into worthlessness and eventually die. “U.S. dollars have value only to the extent that they are strictly limited in supply.” Ben Bernanke on November 21, 2002. But we know the supply of dollars has grown rapidly since 1971, and especially after the 2008 crisis while Berna
Sunday, March 3, 2019
Mac Slavo - ShtfPlan
2019: The Beginning Of The End (Free Premium Report)
 Now that it’s 2019, we’re going to start the new year here at Peak Prosperity by responding to the wishes of our premium subscribers and making our most recent premium report free to everyone. For those unfamiliar with our work, it’s based on the idea that humanity is hurtling towards a disaster of our own making. Several powerful and unsustainable trends
Monday, January 14, 2019
Sprott Money
The Secret of Wealth Preservation - Jeff Nielson
We have a failure to communicate. The vast majority of the investment public in the Western world has no understanding – at all – about how to preserve and protect their wealth. Of the minority of the investment community with some understanding of wealth preservation, almost invariably it is a flawed understanding. Understanding wealth preservation begins with having a detailed and correct understanding of “money”. Understanding money begins with correctly comprehending the difference betwe
Saturday, January 5, 2019
Mac Slavo - ShtfPlan
Ron Paul: ‘When Our Financial System Crashes…The Elites…Will Suffer The Least’
When the housing bubble popped in 2007, the Federal Reserve went to work to re-inflate the bubble by printing more money – quantitative easing. But the policy has made matters much worse, as now everything is a bubble, and according to Ron Paul, when it bursts, only the elite will come out unscathed. The Federal Reserve has once again created an artificial and unsustainable economic bubble. Central planning still doesn’t work, and the sooner we move to sound money the better. Ron Paul discusses
Sunday, December 30, 2018
Antal E. Fekete - Gold University
That Accursed Propensity To Save 
Sunday, December 9, 2018
Robert Blumen - 24hgold
  Is Gold Money 
Is Gold Money ? Many would say so, but is it so ? The answer the question of whether Gold is money requires a definition
Sunday, November 25, 2018
Robert P. Murphy
The Gold Standard Did not Cause the Great Depression
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 101–111[The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression by Scott Sumner]The Midas Paradox is an impressive piece of scholarship, representing the magnum opus of economist Scott Sumner. What makes the book so unique is Sumner’s use of real-time financial data and press accounts in order to explain not just broad issues—such as, “What caused the Great Depression?”—but to offer commentary on th
Wednesday, November 14, 2018
Jesse - Le Cafe Américain
The Crash of 1929 -
"...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today." "There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good." "The economy was changing
Monday, October 29, 2018
Jesse - Le Cafe Américain
The White Rose, In the Land of the Willfully Blind 
This is one of my favorite leaflets from Die Weiße Rose. I enjoy their observation that "German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death." One cannot blame them in some ways, since from the very beginning the National Socialists were backing their words with violent street thugs in brown shirts. And so many among the very wealthy and the highly trained professional classes threw themselves into the arm
Thursday, October 18, 2018
Graham Summer - Gains Pains & Capital
The Everything Bubble Has Officially Begun to Burst
The Everything Bubble is bursting. After the 2008 Crisis, global central banks created a bubble in the sovereign bond market via ZIRP and QE. Because these bonds are the bedrock of our current financial system, when Central Banks created a bubble in this asset class, they were effectively creating bubbles in EVERYTHING. That bubble is now bursting. Historically, when stocks collapse as they did yesterday, the bond market rallies. Not yesterday.  Both stocks AND bonds finished the day DOWN.
Friday, October 12, 2018
Frank Shostak
Inflation's Not the Only Way Easy Money Destroys Wealth 
The US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said. “I am expecting an inflation rate to run below two percent for the next four years, through 2018,” he said. “That means there is more room for monetary policy to be helpful in terms of … boosting demand without running up against generating too much inflation.” The yearly rate of growth of the official consumer price index (CPI) s
Sunday, October 7, 2018
Graham Summer - Gains Pains & Capital
Warning: the Bond Bubble Has Crossed "the Line in the Sand."
As we have been warning repeatedly over the last few months, the Powell Fed is totally unlike the Bernanke or Yellen Feds. Former Fed Chairs Ben Bernanke and Janet Yellen were “married” to the bull market in stocks. Indeed, from 2009 to 2016 it became a running joke that the moment the stock market began to break down, Bernanke or Yellen would issue a statement that the Fed was “ready to act” or some other accommodative phrase. Stocks would erupt higher. And the bull market remained intact. N
Friday, October 5, 2018
Mish - Global Economic Analysis
China's Effort to Rein in Property Bubble Creates "Rental Loan" Bubble as Well
Rental loans, intended to ease the cost of living in big cities, contribute to China's property bubble mess. Once an economic bubble is inflated, it is damn near impossible to let the air out slowly. China's effort to rein in a property bubble by making it harder to buy homes has the price of rent soaring. The Wall Street Journal notes China’s Property-Market Woes Deepen With Rising Rents. Rental prices for apartments are accelerating by double digits in 30 of China’s biggest, most vibrant citi
Thursday, October 4, 2018
Graham Summer - Gains Pains & Capital
Is Italy the Canary in the Coal Mine For Europe's Debt Bubble
The EU debt bomb is about ready to go off. If you wanted to find a place in which Central Banking monetary insanity will result in an epic systemic blow up, Europe is the best place to start. True, Japan is further down the monetary insanity rabbit hole… but Japan is a single country with a single central bank that controls a single currency. Europe, on the other hand, is an amalgamation of 24 countries, all in various stages of insolvency, and none of which have a Central Bank that can print
Tuesday, October 2, 2018
Alasdair Macleod - Finance and Eco.
The fiat money quantity (FMQ) 
Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This is
Sunday, September 30, 2018