This is not the BIG one, but we're getting there. The recent market ructions indicate that some — and I stress, some — people are regaining sanity. However, I’m not naïve enough to believe that all inmates in the asylum have wised up to what’s going on...
Over the last few years, in many markets in the country, real estate prices have fallen. Despite this, many sellers are still anchored on to the peak price their home had achieved a few years back. I see this phenomenon play out very well in and around Delhi.
The press gets more revenue. The Trump team gets to portray itself as the hero of the American working class. And the Deep State laughs all the way to the bank. The real "truth" might be that the Trump team, the security industry, and the press are all on the
By Kris Sayce – Port Phillip Insider (Australia) – And so, another political thought bubble is consigned to the waste paper bin of history — for now, anyway. That was the idea of allowing first home buyers to cash-in some of their
Seven Nobel Prize-winning economists came out against the Euro, which will bring more taxes, less buying power, and is far too week to support another crisis. There is no growth in Europe; the rates of growth proposed by the candidates are neither possible,
We think we're smarter, but our actions prove otherwise. History tells us emphatically that debt crises end badly. And yet, here we are, sitting atop the greatest debt pile in history — US$60 trillion more than we had in 2008 — and such is our misplaced
By Selva Freigedo – Port Phillip Insider Extra (Australia) – It was late 1996. Federal Reserve Chairman Alan Greenspan was writing a speech while in his bath tub — where he spent much of his time due to back pain — when he came up with the
‘Boom and bust’; ‘what goes up must come down’; ‘bull and bear’; ‘market cycles’; ‘night and day’; ‘rain and shine’; ‘yin and yang." None of these terms seem to exist in the institutional economist's utopian world of up, up, up, up
The Institute of Museum and Library Services, the Corporation for National and Community Service, the Appalachian Regional Commission, the National Endowment for the Humanities: they're all set to get the axed. It’s about time. And while you’ve got the
Savior or scoundrel? Reformer or rascal? Hero doctor… or vainglorious quack? We don’t know whether his plans are better or worse than the old ones. But one thing is for sure: from the Deep State’s point of view, it is not much different. Military…
The prime minister was roundly criticized by her supporters for not getting a move on. But May has it spot on. The slower the negotiations go, the better the deal will be. Patience is going to be a virtue that serves the UK very well in coming years.
By Kris Sayce – Port Phillip Insider (Australia) – You’ve got to give him an ‘A’ for PR skills. We’re talking about Elon Musk, the chairman of Tesla Inc. NASDAQ:TSLA. Over the past few days, the world has gone gaga about Mr Musk’s plan
. If something goes awry with the 600 lb gorilla across the Pacific, Australia will be caught in the downdraft. Watching what’s happening beyond our shores is like an over-the-horizon radar… hoping to spot a problem in advance and take the necessary
By Kris Sayce – Port Phillip Insider (Australia) – The Wall Street Journal reports: ‘U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices
As for the facts, we don’t believe any of them, unless we made them up ourselves. And the more you are sure that you are right, the more you are doomed. In economic forecasting, certainty varies proportionally with ignorance: find someone who knows what
We had a good laugh reading today’s Australian Financial Review in relation to a story on Victoria’s new vacant property tax. The attempt to raise tax revenues and decrease vacant homes can be avoided by unconventional means.
In 1960, the average family had a total medical care cost of about $150. Now it’s $16,000… and has been growing eight times faster than wages for the last 16 years. The solution is simple, but nobody wants to hear it.
The effect will be to reduce American tourism to Europe, impose costs on European bureaucracies and annoy American tourists. In other words, if the Americans are going to be stupid, the Europeans want to compete.
They’re falling over themselves to get a loan to get on the property ladder. On the other hand, credit is being dumped by savvy European investors who know that if the proverbial hits the fan, it’ll get real ugly.
By Ankit Shah – Vivek Kaul’s Inner Circle (India) – We believe in India’s growth story in the long-term, although the 7.1% GDP forecast for full year growth in the current fiscal year ending March 2017 is likely to be highly optimistic.
The baby-boomer generation has accumulated the biggest bundle of assets ever seen in the history of the world. The Problem is that they didn’t have enough children to buy them.
Just as high-dose morphine accelerates the death of the very ill, the Euro is suffocating our economies: it allows us to import cheaply without fear of capital fleeing and weakening our industry. It allows us to live far beyond our means without fear of our
French labor regulations have made employees an expensive nightmare, while EU regulations have done away with milk production quotas, increasing supply and crushing the price. Put all this together and you can see just how politics has made a mess of things
The figure for an exit of the euro according to the Institut Montaigne Marine Le Pen climbs the polls. The Montaigne Institute figures the effects of an exit from the euro as proposed by the National Front: “France’s GDP would decline by 2.3%