The biggest advance in monetary policy in history would be for global central banks to coordinate policy to combine asset price inflation with consumer price inflation to set interest rates. Simple and effective. But it…
Franklin Roosevelt’s Executive Order 6102 made it illegal for citizens to own gold, except in the smallest of quantities. It came to the Supremes in a series of disputes called the Gold Clause Cases. ‘Where…
Australia is a land of deserts, droughts, floods, bushfires, flammable forests and fire-prone grasslands. We need good fire and forest management and prosecution of arsonists, not costly climate distractions…
How does AAPL stack up? Based on 2020 earnings forecasts, AAPL trades on a price-to-earnings ratio of 20.4 times. This is ‘cheaper’ than both WOW and WES. Moreover, AAPL only pays out 25% of earnings…
People say that stock prices are irrational. I disagree. I believe the stock market is reacting rationally to irrational central banking policy. It doesn’t leave much room for unexpected risks. I would wager that none…
It’s the Federal Reserve’s money that did the heavy lifting. QE — quantitative easing — put nearly an extra $4 trillion into the markets. The Fed have since returned to cutting rates rather than increasing…
Recession indicators are flashing red. There is geopolitical instability and things are getting riskier. I’ve written plenty about how dire things look in the long term, and how the fears of a financial collapse are…
Warren Buffett expected the Dow Jones to be over 1 million points in 2117. He made that prediction when the Dow was at 22,370 points. Let’s look at some maths…
Today, we focus on the money — on Wall Street, not Main Street. More specifically, we look at the rich. Some think great wealth disparity slows economic growth. And many believe that the rich get…
Our nation’s once-robust economy continues to shrink. The RBA’s role was to act with restraint. To set limits with a built-in margin for error. Rates should have been kept much higher.The economy should have been…