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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

Friday, May 29, 2015

Quote of the Day: This Time is Different: Sovereign Debt Crisis will Wipe Out Pensions

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Why is this Sovereign Debt Crisis collapse different from 1931? When the governments of the world defaulted on their debts in 1931, there ...
Thursday, May 28, 2015

Philippine 1Q 2015 GDP Falls to 5.2% Year on Year, .3% Quarter on Quarter

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Last night I wrote :  Yet, why all the seeming panic selling on pre-GDP day?   Has it been because government insiders may have ...
Wednesday, May 27, 2015

Phisix: Why the PRE-1Q 2015 GDP Announcement Stock Market Dumps?

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It’s supposed to GDP week. In fact, tomorrow is GDP day!   By GDP week, I mean the domestic stock market should at least be evincing...

Update on Fed Atlanta’s GDPNOW: US 2Q 2015 GDP .8%; More Central Banks Ease as Global Trade Sputters!

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Well how about that, the US statistical 2Q economy reportedly improved .  Based on US Federal Reserve of Atlanta’s real time fore...
Tuesday, May 26, 2015

Christopher Casey: GDP is Designed to Advance the Keynesian Interventionist Agenda

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My third and last post on 'GDP week'. At the Mises Institute , Christopher Casey writes that GDP (statistical G-R-O-W-T-H) has ...

Arnold Kling: The Economy is Not ONE Big GDP Factory

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More on the GDP Week. Blogger and Adjunct Scholar for the Cato Institute, Arnold Kling , writing at the Econolog (Library for Economics a...

Martin Feldstein: GDP Doesn’t Measure Quality

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For the Philippines, this week marks 'GDP week'. The Philippine government will issue its estimate of statistical economic conditio...
Sunday, May 24, 2015

Phisix 7,800: Bearish Signals Converge; Yield Curve Inversions Incite Interventions!

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When we lose our individual independence in the corporateness of a mass movement, we find a new freedom—freedom to hate, bully, lie, tortur...
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