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Olduvai III: Catacylsm
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Hyperinflation Unfolds Only When Public Confidence Collapses

Hyperinflation Unfolds Only When Public Confidence Collapses COMMENT: Mr. Armstrong, I read your piece on South Africa and you are the only person to explain that the hyperinflation in Zimbabwe took place after they stole all the land from the white farmers. You really turn over every stone in your research. My hat is off […]

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The Varoufakis Effect?

The Varoufakis Effect? ATHENS – In his end-of-2015 missive, Holger Schmieding of the Hamburg investment bank Berenberg warned his firm’s clients that what they should be worrying about now is political risk. To illustrate, he posted the diagram below, showing how business confidence collapsed in Greece during the late spring of 2015, and picked up again only […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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