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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label bubble cycles. Show all posts
Showing posts with label bubble cycles. Show all posts
Sunday, July 06, 2025

The Ghost of BW Resources: The Bursting of the Philippine Gaming Stock Bubble

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An inflation tends to demoralize those who gain by it as well as those who lose by it. They become used to “unearned increment.” They want t...
Monday, October 07, 2024

Important Insights from the Philippine PSEi 30’s Melt-Up!

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  Investors believe in Keynesianism.  They believe that increased government spending will make us all richer.    This illusion is what is d...
Sunday, September 22, 2024

US Federal Reserve Powell’s 50 bps Rate Cut: A Case of Panic or Politics?

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   "Theorie des Geldes"  did not become the playbook for policy makers. The 1920s were marked by the brave new era of the Federal ...
Sunday, February 11, 2024

What Surprise is in Store for the 2024 Year of the Wooden Dragon?

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  I cannot find a single convincing argument that tells me that astrologers won’t do better than economists…The problem is the arrogance of ...
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