Home » Posts tagged 'cobden centre' (Page 18)
Tag Archives: cobden centre
Interview With Dr. Benn Steil, Director of International Economics at the Council on Foreign Relations
INTERVIEW WITH DR BENN STEIL, DIRECTOR OF INTERNATIONAL ECONOMICS AT THE COUNCIL ON FOREIGN RELATIONS Dr. Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations in New York. He is also the founding editor of International Finance, a top scholarly economics journal, and lead writer of the Council’s Geo-Graphics economics blog. […]
Oil a Load of Nonsense
OIL A LOAD OF NONSENSE “The media select, they interpret, they emotionalize and they create facts.. The media not only reduce reality by lowering information density. They focus reality by accumulating information where “actually” none exists.. A typical stock market report looks like this: Stock X increased because.. Index Y crashed due to.. Prices Z […]
Mises.org: Brazil’s Easy-Money Problem
MISES.ORG: BRAZIL’S EASY-MONEY PROBLEM Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary of the “International Crisis,” a ghost of the 2008 depression created in […]
Austrians Get (Some) Mainstream Credibility
AUSTRIANS GET (SOME) MAINSTREAM CREDIBILITY Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s Adam Smith Institute publishes a paper by Anthony Evans [Editor’s note: Anthony is a Founding Fellow of The Cobden Centre] that […]
Life Finds a Way
LIFE FINDS A WAY “The snag for them is that it happened on Monday. And all the official pronouncements in the State media were: “Well, it’s a blip. It’s a very rare event.” Well, it’s happened three days later so you then have to ask yourself, “How much of a blip is it ?” And […]
History Repeats
HISTORY REPEATS “The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk you kiss the person you’re married to.” – P.J. O’Rourke. On May 29th 1969, Warren Buffett wrote to his partners at the Buffett Partnership, informing them of his intention […]
Falling Interest Causes Falling Profits
FALLING INTEREST CAUSES FALLING PROFITS Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested capital. If MacDowell’s is thinking […]
Janet Yellen Fights the Tide of Falling Interest
JANET YELLEN FIGHTS THE TIDE OF FALLING INTEREST On Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s get one thing out of the way. This is not a move towards free markets. Whether the Fed sets interest lower, or whether it sets […]
Is the US Heading for an Economic Bust
Is the US Heading for an Economic Bust On Wednesday December 16 2015 Federal Reserve Bank policy makers raised the federal funds rate target by 0.25% to 0.5% for the first time since December 2008. There is the possibility that the target could be lifted gradually to 1.25% by December next year. Fed policy makers have justified this […]
A Free Market in Interest Rates
A Free Market in Interest Rates Unless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve decide what’s good for the little people. Then they impose it on us. In trying to return to freedom, many people wonder why couldn’t we […]
The Eurozone Sovereign Debt Crisis and a Potential OTC Interest Rate Derivatives Crisis
THE EUROZONE SOVEREIGN DEBT CRISIS AND A POTENTIAL OTC INTEREST RATE DERIVATIVES CRISIS Summary After considering the alternative scenarios of Grexit, debt renegotiation, transferring of debt, a deflationary spiral and so on, it is concluded that this will either result (ceteris paribus) in an increase in sovereign debt yields or a decrease in the volume […]
Honey, I Broke the Markets
Honey, I Broke the Markets “Donald Trump looks like the villain in a movie where the hero is a dog.” – The internet. Which four letter word still has an amazing capacity to cause offence, anxiety and aggravation ? In the world of investment, that word would have to be R-I-S-K. Do we even have […]
Paper Money Versus the Gold Standard
Paper Money Versus the Gold Standard We are living in a time that can only be considered monetary chaos. The U.S. Federal Reserve has manipulated key interest rates down to practically zero for the last six years, and expanded the money supply in the banking system by $4 trillion dollars over that time. And with […]
