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 | Alasdair Macleod - Finance and Eco. |
| The origin of cycles |
| It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, recSunday, January 24, 2021 |
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 | Mickey Fulp - The Gold Report |
Why Copper Is a Critical Metal: Mickey Fulp  |
| Copper is often referred to as "Dr. Copper," the metal with a Ph.D. in economics. Yet most analysts don't view it as a critical metal. In this interview with The Critical Metals Report, Mickey Fulp, author of The Mercenary Geologist, gives his thoughts on why the experts are wrong and why copper should be considered a critical metal.Friday, December 25, 2020 |
|
 | Frank Shostak |
 Why It's Important to Define Money Correctly |
| Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable. As a result it is held the usefulness of money as a predictor of economic events has significantly diminished.To fix the instability of the demand for money, economists have introduced a gauge of the money supply known as the Divisia monetary indicSunday, November 15, 2020 |
|
 | Nathan Lewis - New World Economics |
| Blame Gold |
| We have been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner.
As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.”
This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great DFriday, July 3, 2020 |
|
 | Adrian Ash - Bullion Vault |
| China's 2018 Gold Buying: Half-Empty, Half-Full |
| Analysts split on China's demand as gold jewelry tastes change...
LEADING ANALYSTS are split over the prospects for China's private gold buying in 2018, as a "healthy outlook" from one consultancy contrasts with a "tough year in store" from another.
"China's gold demand is likely to have peaked in 2013," says
Thomson Reuters GFMS, "and is very unlikely to return to thoseFriday, March 9, 2018 |
|
| SRSrocco - SRSRocco Report |
| Why U.S. GDP Hasn’t Really Increased Since 2000 |
| While official sources forecast U.S. Gross Domestic Product (GDP) to surpass $20 trillion this year, the real figure is probably much less. So how much less is real U.S. GDP? Well, that depends on how it is measured. If we factor in energy consumption and the increase in total public debt, U.S. GDP is likely less than half of the current figure.Yes, it sounds insane to say that the current U.S. GDP is likely overstated by at least 50%, but if we go by fundamental data, it isn’t that crazy atThursday, March 1, 2018 |
|
 | Mark O'Byrne - gold.ie |
| U.S. Debt Is “Extraordinarily High” and Are Stock And Bond Bubbles – Greenspan |
| – “We have a stock market bubble” warns Greenspan– “Bond bubble will be the big issue” he tells Bloomberg TV (see video)– “Fiscally unstable long-term outlook in which inflation will take hold”
– “Ratio of federal debt to GDP which is extraordinarily high” (see chart)– Higher interest rates, inflation and stagflation coming
– Gold is the “ultimate insurance policy” – Greenspan
Source: US Funds
:
The man who made the term “irrational exuberance” famous says investors are at it again.
“There are Friday, February 2, 2018 |
|
| SRSrocco - SRSRocco Report |
| The Coming Market Crash Will Set Off The Biggest Gold Panic Buying In History |
| The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash. The collapse of the U.S. Housing and Investment Banking Industry in 2008 and ensuing economic turmoil was a mere WARM-UP for STAGE 2 of the continued disintegration of the global financial and economic system.While the U.S. and the global economy have seemingly continued business as usual since the Fed and Central Banks stepped in and Monday, January 29, 2018 |
|
 | Mish - Global Economic Analysis |
| Personal Savings Rate: What's Going On Can Spending Drive the Economy |
| The personal savings rate fell to 2.6% in the 4th quarter. The all-time low rate 2.2% in 2005. What's going on?
The Wall Street Journal says Consumers Can’t Keep Driving the Economy.
Gross domestic product grew at 2.6% annual rate in the fourth quarter, the Commerce Department said Friday. That was slower than the 3.2% it clocked in the third quarter and the 2.9% that economists expected.
A quick look under the hood shows that when it comes to demand, things are doing just fine. Personal spendSaturday, January 27, 2018 |
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| Mark O'Byrne - gold.ie |
Davos – My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution  |
| – Davos elite hear warnings of complacency akin to 2007 as economic risks grow
– Toxic mix of infallible belief, arrogance, megalomania and economic ignorance
– Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions– Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea– Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to global stability
– Davos theme explores massive inFriday, January 26, 2018 |
|
| Bullion Vault |
| Gold Trading 'Calmer' as China's GDP Accelerates, UK Pound Jumps as Brexit Bill Passed |
| GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China's economy accelerated last year for the first time since 2010.
Gold prices popped $5 higher but failed to hold above $1330 per ounce as global equities extended yesterday's new all-time highs in New York's stock markets.
Beijing'sThursday, January 18, 2018 |
|
| Mark O'Byrne - gold.ie |
| 10 Reasons Why You Should Add To Your Gold Holdings |
| – Gold currently undervalued– Since 2000, the gold price has beaten the S&P 500 Index– A ‘a once-in-a-decade opportunity’ as gold-to-S&P 500 ratio is at its lowest point in 10 years.– Reached ‘peak gold’ as exploration budgets continue to tighten– $80 trillion sits in global equities, a ‘ticking time bomb’
– Gold remains an appealing diversifier in the current environment of high valuations and uncertainties
by Frank Holmes via Forbes.com
It’s important to remember that the precious metal has hiMonday, January 8, 2018 |
|
| Mish - Global Economic Analysis |
| Debt to GDP: Only 4 Major Countries Worse Off Than the US |
| Of major nations, only Japan, Greece, Italy, and Portugal have debt-to-GDP ratios higher than the US. With the new tax overhaul, U.S. government debt will rise by one to two trillion dollars over the next decade. I view that assessment as majorly optimistic as it assumes no recession and unlikely growth.
Citing IMF statistics, the Wall Street Journal reports Just Four Large Countries Have a Higher Debt Burden Than the U.S.
Japan’s government carries debts at 240.3% of gross domestic product, fMonday, January 1, 2018 |
|
 | Gary Christenson - Sprott Money |
| Rig For Stormy Weather - Gary Christenson |
| What storm? The Dow Jones Industrial Average (DOW)
reached another all-time high. Interest rates in the U.S. are yielding
multi-decade lows, some say multi-century lows. Trillions of dollars in
global sovereign debt have negative yield and European junk bonds yield
less than 10 year U.S. treasuries. “Official” unemployment is low.
Borrowing is inexpensive. Things are good, so they say!
I Doubt It!
Do you believe the above is a fair and accurate representation of our economic world? If so, Thursday, December 7, 2017 |
|
| Mish - Global Economic Analysis |
| China's Growth Miracle Runs Out of Steam: Views From Pettis, Blackrock |
| Michael Pettis at China Financial Markets says, "China's growth is running out of Steam." Blackrock brushes off concern.On October 20, Blackrock global chief investment strategist, Richard Turnill, explained What cooling growth in China means for investors.
"We see China’s growth rate slowing only to still-solid and more sustainable levels. The implications for investors? Growth in China should remain supportive of emerging market (EM) assets and risk assets in general."
Michael Pettis
Michael PWednesday, November 29, 2017 |
|
| Mish - Global Economic Analysis |
| Australia's Housing Market Over 4 Times Size of Economy, US is Under 2 |
| Congratulations to Australia for having the biggest housing market relative to the size of its economy.BusinessWeek notes the value of the Australia's homes has ballooned to A$7.3 trillion ($5.6 trillion) -- or more than four times gross domestic product.
Not even the U.S. and U.K. markets achieved such heights at their peaks a decade ago before prices spiraled lower and dragged their economies with them.
“The risk is that it leaves the Australian economy extremely exposed, and a minor shock Friday, November 24, 2017 |
|
 | Michael Pento - Delta Global Advisors |
| Soaring Deficits Force Treasury into Foolish Gambl... |
| The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing that the national debt is already over 105% of Gross Domestic Product (GDP), at nearly $21 trillion, and with an additional $10 trillion projected to be added Wednesday, November 22, 2017 |
|
| Alasdair Macleod - Finance and Eco. |
| Will macro-economists ever learn |
| As we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the suppression of business cycles through monetary policy, will be achieved.We saw, over Brexit, how wrong the Bank of England’s and the UK Treasury’s models were, and these errors were also evident in the OECD’s model. Brexiteers smelled conspiracy, but in the absence of evidence, perhaps we should give them the benefit of the doubt and assumFriday, November 17, 2017 |
|
 | Andy Hoffman - Miles Franklin |
| Shelter From The Storm |
| What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, so they say!
Ho-Hum!
Really? Do you believe the above is a fair and accurate representation of our economic world? If soThursday, November 9, 2017 |
|
 | Jan Skoyles - GoldCore |
| Gold Is Better Store of Value Than Bitcoin – Goldman Sachs |
| – Gold is better store of value than bitcoin – Goldman Sachs report
– Gold will continue to perform well thanks to uncertainty and wealth demand
– Bitcoin’s volatility continues to impact its role as money
– Gold up 12% in 2017, bitcoin over 600%
– BTC is six times more volatile than gold – see chart
– Gold’s history and physical property shows it meets requirements as a medium of exchange and store of value
Since the birth of bitcoin there has been one question that has repeatedly grabbed headTuesday, October 24, 2017 |
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