Monthly Archives: September 2014

Valuing Gold and Turkey Farming

Today’s financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost both the desire and ability to understand gold and properly value it. Furthermore governments and central banks in welfare-driven states see markets themselves as the biggest threat to their successful management of the economy, a threat… Read more »

Today’s financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost both the desire and ability to understand gold and properly value it. Furthermore governments and central banks in welfare-driven states see markets themselves as the biggest threat to their successful management of the economy, a threat… Read more »

The end of Tapering and Government Funding

Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there has been little or no damage to markets, with bond yields at historic lows and equity markets hitting new highs. This contrasts with the ending of QE1 and QE2, which… Read more »

Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there has been little or no damage to markets, with bond yields at historic lows and equity markets hitting new highs. This contrasts with the ending of QE1 and QE2, which… Read more »

A Difficult Question

In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter? I have no problem delivering a comprehensive answer based on a sound aprioristic analysis of how rigging markets distorts the basis of economic calculation and why a properly… Read more »

In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter? I have no problem delivering a comprehensive answer based on a sound aprioristic analysis of how rigging markets distorts the basis of economic calculation and why a properly… Read more »

The Wages-Fuel-Demand Fallacy

In recent months talking heads, disappointed with the lack of economicrecovery, have turned their attention to wages. If only wages could grow,they say, there would be more demand for goods and services: without wagegrowth, economies will continue to stagnate.It amounts to a non-specific call to stimulate aggregate demand bycontinuing with or even accelerating the expansion… Read more »

In recent months talking heads, disappointed with the lack of economicrecovery, have turned their attention to wages. If only wages could grow,they say, there would be more demand for goods and services: without wagegrowth, economies will continue to stagnate.It amounts to a non-specific call to stimulate aggregate demand bycontinuing with or even accelerating the expansion… Read more »