The Economy
Category Archive

Get Out While You Can: Recent Market Tremors Don’t Bode Well

24.03.2017 • The EconomyComments Off on Get Out While You Can: Recent Market Tremors Don’t Bode Well

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...

Read More

Indian Real Estate Prices on a Slow Decline

23.03.2017 • The EconomyComments Off on Indian Real Estate Prices on a Slow Decline

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.

Fake News Benefits Everyone (Except the Public)

22.03.2017 • The EconomyComments Off on Fake News Benefits Everyone (Except the Public)

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

Aussie Retirement Funds Forbid Home-Buyers to Dip Into Pensions

21.03.2017 • The EconomyComments Off on Aussie Retirement Funds Forbid Home-Buyers to Dip Into Pensions

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

French Media: What They Didn’t Tell You Last Night

21.03.2017 • The EconomyComments Off on French Media: What They Didn’t Tell You Last Night

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,

How Gullible Are We?

20.03.2017 • The EconomyComments Off on How Gullible Are We?

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

How Long Will The Party Last?

20.03.2017 • The EconomyComments Off on How Long Will The Party Last?

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

What the Institutional Economists Aren’t Telling You

17.03.2017 • The EconomyComments Off on What the Institutional Economists Aren’t Telling You

‘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

A Standing Ovation for Trump’s Budget Ax

17.03.2017 • The EconomyComments Off on A Standing Ovation for Trump’s Budget Ax

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

Jury Is Still Out on Donald Trump

16.03.2017 • The EconomyComments Off on Jury Is Still Out on Donald Trump

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…

3 Reasons Theresa May Should Delay Brexit

15.03.2017 • The EconomyComments Off on 3 Reasons Theresa May Should Delay Brexit

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.

Can Elon Musk Save Australia From an Energy Crisis?

14.03.2017 • The EconomyComments Off on Can Elon Musk Save Australia From an Energy Crisis?

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

Why You Should Care About America’s Economy

13.03.2017 • The EconomyComments Off on Why You Should Care About America’s Economy

. 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

What’s Ailing America?

10.03.2017 • The EconomyComments Off on What’s Ailing America?

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

All Economic News is Fake News

09.03.2017 • The EconomyComments Off on All Economic News is Fake News

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

Prepare for a Boom in the Australian House-Sitting Industry

08.03.2017 • The EconomyComments Off on Prepare for a Boom in the Australian House-Sitting Industry

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.

Republican Health Plan Sucks. SAD!

08.03.2017 • The EconomyComments Off on Republican Health Plan Sucks. SAD!

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.

Euro Zone Hits American Tourists With Travel Visa

07.03.2017 • The EconomyComments Off on Euro Zone Hits American Tourists With Travel Visa

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.

Australian Housing Prices Now Up 250% People are borrowing more and more as interest rates go lower and lower

06.03.2017 • The EconomyComments Off on Australian Housing Prices Now Up 250% People are borrowing more and more as interest rates go lower and lower

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.

India Hits Sweet Spot for Growth Rates

06.03.2017 • The EconomyComments Off on India Hits Sweet Spot for Growth Rates

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.

For Sale: The Assets of a Generation

03.03.2017 • The EconomyComments Off on For Sale: The Assets of a Generation

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.

France’s Troubling Reliance on the Euro

01.03.2017 • The EconomyComments Off on France’s Troubling Reliance on the Euro

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 Farmers Bristle at Euro Straitjacket

28.02.2017 • The EconomyComments Off on French Farmers Bristle at Euro Straitjacket

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 Specter of a French Euro Exit Rises

27.02.2017 • The EconomyComments Off on The Specter of a French Euro Exit Rises

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%