The Tug of War Between Inflation and Deflation
In the US economy, there is a tug of war between inflation and deflation — and it only appears stable. This presents a conundrum most economists do not understand…
Going for the Overdose — Stimulus Reopening the Economy
Going for the Overdose — Stimulus Reopening the Economy
Too much stimulus could quickly be corrected by the Fed through rate increases. The too little stimulus might put the economy in another recession and a deflationary rut…
The Fed is Always Guessing — Explosion of Debt and Money Supply
The Fed is Always Guessing — Explosion of Debt and Money Supply
What was the Fed to make of this explosion of debt and money supply? Both were part of the environment in which the Fed was to target the real rate of interest…
The Distorted World of Prices
The Distorted World of Prices
Finance is a mirror to society, a medium through which all human activity that makes up a complex economy can be measured. The prices of goods and services, from restaurant meals to new clothes, tell us something about the supply and demand for those items. If a particular toy becomes the must-have children’s gift for […]
Rise of the (SDR) — IMF Issuing New SDRs To Help Fight Pandemic
Rise of the (SDR) — IMF Issuing New SDRs To Help Fight Pandemic
International Monetary Fund (IMF) can print a kind of world money called the special drawing right (SDR) and hand it out to the 190 countries around the world that are IMF members…
What Is Biden’s Team Up to? — The Biden Administration
What Is Biden’s Team Up to? — The Biden Administration
Brief summary of actions mostly by executive order that the Biden administration has taken in a mere 10 days. Some of these will have a significant economic impact; others are less important…
Modern Monetary Theory — The Dangers and the Impact on Markets
Modern Monetary Theory — The Dangers and the Impact on Markets
MMT stands for Modern Monetary Theory. We have to understand MMT so we can see its impact on markets and the dangers it may present if it is pursued much longer…
The Obsession With MMT — Modern Monetary Theory
The Obsession With MMT — Modern Monetary Theory
If you have not yet heard of Modern Monetary Theory (MMT), you will soon. If you’ve heard of it but don’t know what it means, join the club. There are only a handful of experts who really understand MMT.
2020 Economy: The Worst Year Since World War Two. What’s Next?
2020 Economy: The Worst Year Since World War Two. What’s Next?
We just finished the worst economic year since the Second World War. What’s next? The final numbers on the economy for 2020 are in (subject to the usual adjustment processes). In the US, GDP growth for 2020 was negative 3.5%. How bad was that? It was worse than 2009, when growth collapsed about 2.4%. It was worse […]
The New Great Depression with Jim Rickards — Economic Consequences
The New Great Depression with Jim Rickards — Economic Consequences
Jim Rickards speaks to chief editor of The Daily Reckoning Australia, Shae Russell about his new best selling book – The New Great Depression. He provides an overview of what the book is about and goes on to discuss the extensive research behind the book. Jim also talks about the specific points he covers within […]
