Saturday, May 29, 2010

Hugh Hendry: 'I would recommend you panic'

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Here is an interesting discussion on Newsnight with Hedge Fund manager Hugh Hendry, economist Jeffrey Sachs and Financial Times' Gillia...

Update on Global Stock Markets

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Here is a rundown of the performances of select stock markets around the world. The table, from Bespoke, is calculated in US dollar and loca...
Friday, May 28, 2010

Contracting Money Supply, Deflation Bugaboo And Dubious Statistical Models

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In a recent article UK Telegraph's Ambrose Evans Pritchard cites the risks from contracting money supply to the economy and quotes an ex...

In Greece, Gold Prices At US $1,700 Per Ounce!

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In Greece, Gold prices are reportedly being traded at nearly 40% premium of current spot prices. According to Coin Update News , (bold highl...
Thursday, May 27, 2010

European Debt Crisis Explained

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This spoof is hilarious. (hat tip Steve Horwitz )

Beware Of Economists Bearing Predictions From Models

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Max Borders explains (emphasis added) "So what do all these macroeconomic models have in common? -They’re rendered either in impenetra...

Quote of the Day: Lula da Silva: “Before being a socialist, you have to be a capitalist”

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Here is Brazil's Lula da Silva in an interview, “The country had no credit, had no working capital or financing or income distribution....

On North Korea's Brinkmanship

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One of main "reasons" attributed to the recent turbulence in the markets have been due to the brinkmanship stance shown by North K...
Wednesday, May 26, 2010

Gary North On Why Asia Will Surpass The West

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Here is Professor Gary North on Why Asia will Overtake the West , ``How is it that Asia has had a huge trade surplus with the United States?...

Why Are Intellectuals Pessimistic?

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Author Matt Ridley in an interview says , "my answer is that pessimism gets attention – from funders, from the media, from governments ...

Can Governments Be Trusted To Implement Self-Discipline?

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If past performance is to be reckoned with, based on the Euro Zone, the answer is NO. This from Bloomberg, (bold emphasis mine) ``Euro-area ...

The Zombie-fication Of Financial Markets

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World markets appear to be increasingly transmogrifying into zombie markets. This from the New York Times, ``A week after rattling global b...
Tuesday, May 25, 2010

Evidence Of Inflationism: Competitive Devaluation In The Eurozone

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Here is an example why the paper money-central banking regime is in peril or can't be expected to last. And also why we should expect i...

In The US, New Businesses Surge in 2009!

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In the US, the Kauffman Institute claims a record surge of new business activities in 2009. Here is an excerpt of the press release " D...
Monday, May 24, 2010

Plus Ca Change: President Aquino's Policy On Jueteng

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It's been argued in this space that the new administration will unlikely provide a meaningful change in the way current things are being...

More On "Are People Inherently Nihilistic?"

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I stumbled upon this interesting interview with Yale Professor James C. Scott who teaches political science and anthropology. Here is an in...

Multiple Intelligence And Human Freedom

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Marketing guru Seth Godin makes another fantastic insight about the multiple intelligence of the individual which he calls ironically calls ...

Quote of the Day: Capitalism Ended Slavery

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Another gem from Professor Don Boudreaux , (bold highlights mine) "Slavery was common throughout history until the age of industrial c...
Sunday, May 23, 2010

Philippine Election Aftermath: Goodbye Illusion, Welcome Reality!

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``Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and ...

External Developments Are Prime Movers of Philippine Markets

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``The key to making money in stocks is not to get scared out of them."-Peter Lynch If there are any lessons learned from the events ...