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Bubble 3.0: A Blast From a Bubble Past
BUBBLE 3.0: A BLAST FROM A BUBBLE PAST “Although macroeconomic forecasting is fraught with hazards, I would not interpret the currently very flat yield curve as indicating a significant economic slowdown to come.”–BEN BERNANKE, Former Fed Chairman in a March 20, 2006 speech “It was popular to play down the significance of the inverted yield […]
Peter Schiff: The Bigger the Boom, the Bigger the Bust (Video)
Peter Schiff: The Bigger the Boom, the Bigger the Bust (Video) During the New Orleans Investment Conference, Peter Schiff participated in a panel discussion with Ben Hunt and Mike Larson. They talked about bubbles, booms and busts. Hunt called it the “bubble of everything.” But he said the “gravitational force” created by all of the […]
Once the Bubbles Pop, We’re Broke
Once the Bubbles Pop, We’re Broke I hate to break it to you, but the everything bubble isn’t permanent. OK, I get it–the Bull Market in stocks is permanent. Bulls will be chortling in 2030 that skeptics have been wrong for 22 years–an entire generation. Bonds will also be higher, thanks to negative interest rates, and housing will […]
Economic Bubbles Are Leaking. Once They Pop, Game Over
Economic Bubbles Are Leaking. Once They Pop, Game Over
Downtrend In the Growth Rate of Money Supply Poses a Threat to Bubble Activities
DOWNTREND IN THE GROWTH RATE OF MONEY SUPPLY POSES A THREAT TO BUBBLE ACTIVITIES The yearly growth rate of real gross domestic product eased to 1.9% in Q4 from 2% in the previous quarter. Using our large scale econometric model we can suggest that the yearly growth rate of GDP could fall to 1.7% by Q3 before bouncing to […]
$20,000 Gold And The End Of “Pollyanna-ish Do-Goodery”
$20,000 Gold And The End Of “Pollyanna-ish Do-Goodery” “They just won’t let the scales balance… it is a rampant narcissistic megalomania that somehow some guy in a air-conditioned office can best repliacte the free market and centrally plan our affairs… Their starry-eyed pollyanna-ish do-goodery never seems to pan out.“ In the flux of never before seen economic […]
Bubbles Always Burst: the Education of an Economist
Bubbles Always Burst: the Education of an Economist I did not set out to be an economist. In college at the University of Chicago I never took a course in economics or went anywhere near its business school. My interest lay in music and the history of culture. When I left for New York City […]
We Need a Crash to Sort the Wheat from the Chaff
We Need a Crash to Sort the Wheat from the Chaff Once the phantom collateral vanishes, there’s no foundation to support additional debt and leverage. When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the […]
Bank of Canada Decides More Bubble-Blowing is Needed
Bank of Canada Decides More Bubble-Blowing is Needed You Can’t Keep the Printing Press Idle for too Long … We have recently portrayed Canada’s new central bank governor Stephen Poloz, to whom we have alternately referred to as a comedian and a delusional bubble blower. This may perhaps strike some readers as uncharitable; then again, central […]
Pop goes the Bubble
Pop goes the Bubble Running a fundraiser (which, by the way, has been a great success—thank you all very much!) has prompted me to think about money more deeply than I normally do. I am no financial expert, and I certainly can’t give you investment advice, but when I figure something out for myself, it […]
Who Benefits When Bubbles Burst?
Who Benefits When Bubbles Burst? Blowing speculative bubbles cannot possibly lead to organic growth because speculative bubbles fatally undermine the real economy. An astute reader recently posed an insightful question: we all know who benefits from asset bubbles in stocks, bonds and real estate–owners of assets, banks, the government (all those luscious capital gains and rising property taxes), […]
charles hugh smith-Why Living in a Post-Bubble World Is No Fun
charles hugh smith-Why Living in a Post-Bubble World Is No Fun. What do we do when the bubble economy cannot be reflated? It is generally conceded that we are living in an era of Peak Everything: peak central bank omnipotence, peak powerless of the non-elites, peak wealth inequality, peak media-induced delusion, peak market-rigging, peak bogus official […]
Van Hoisington And The Fed’s Bubble: “Overtrading” And “Discredit” Always End In “Revulsion” | Zero Hedge
Van Hoisington And The Fed’s Bubble: “Overtrading” And “Discredit” Always End In “Revulsion” | Zero Hedge. Excerpted from Hoisington Investment Management’s Quarterly Outlook, via Van Hoisington and Lacy Hunt: The U.S. economy continues to lose momentum despite the Federal Reserve’s use of conventional techniques and numerous experimental measures to spur growth. In the first half of […]
The IMF and Austrian Theory – Ludwig von Mises Institute Canada
The IMF and Austrian Theory – Ludwig von Mises Institute Canada. Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They wanted to make sure the […]
