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 | Frank Shostak |
 Why Wage Growth Is So Weak  |
| The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now.
Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial productiFriday, June 19, 2020 |
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 | Alasdair Macleod - Finance and Eco. |
| Understanding money and prices |
| This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail iWednesday, June 3, 2020 |
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 | Jesse - Le Cafe Américain |
| Cecil Rhodes and the Dream of a New World Order Presided Over by an Anglo-American Establishment |
| "The Rhodes Scholarships, established by the terms of Cecil Rhodes's seventh will, are known to everyone. What is not so widely known is that Rhodes in five previous wills left his fortune to form a secret society, which was to devote itself to the preservation and expansion of the British Empire. And what does not seem to be known to anyone is that this secret society was created by Rhodes and his principal trustee, Lord Milner, and continues to exist to this day.
To be sure, this secret sociMonday, April 13, 2020 |
|
 | Nathan Lewis - New World Economics |
| Economic Nationalism |
| I thought that I would chew over the idea of “economic nationalism” for a bit, to see if we could find something useful in it. The neo-liberal free trade/no borders consensus is a little too easily promoted by many today, apparently without much thought. I am generally in the neo-liberal camp, but I wanted to think about it.
For some reason, “nationalism” is a naughty word these days, but all that it means is that one feels an allegiance to one’s “nation.” The main reason for the badmouthing of Tuesday, March 20, 2018 |
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| Alasdair Macleod - Finance and Eco. |
| The egregious errors of static statistics |
| The measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to inside the machinery of the state, he or she changes from representing the people to representing the state. Presumably therFriday, March 16, 2018 |
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 | Peter McKenzie-Brown - Language Instinct |
| Capturing a Cacophony of Voices |
| My 2017 book, Bitumen: The people, performance and passions behind Alberta's oil sands, its book of the year. I'm quite honoured. Here is an intro to the oil sands, based on information from that book.
By Peter McKenzie-Brown
Hudson’s Bay
Company explorer James Knight made a seminal observation in his diary on
June 27, 1715. On an expedition into today’s Alberta, he wrote that he had
learned from Cree “Home Guard” Indigenous people, local trappers and factory
provisioners “abt the Great RTuesday, March 13, 2018 |
|
 | Mish - Global Economic Analysis |
| Goldilocks vs the Bears: Is She in the Room or Out of the Room |
| Let's investigate belief in Goldilocks vs belief in Bears.
John Rubino at DollarCollapse says A Bull Market For The History Books — Bear Market To Follow Shortly.
Why the current expansion/bull market has so long is open to debate. What’s undeniable, though, is the vast amount of malinvestment that has accumulated. The biggest example might be corporations borrowing hundreds of billions of dollars to buy back their stock at record high prices. See Record Buybacks at Worst Possible Time. If thosTuesday, March 13, 2018 |
|
 | Thorsten Polleit |
| The Best Way to Compete with China Is to Free the Economy |
| As things stand, China holds around 20 percent, or $ 1.2 trillion, of outstanding US credit market debt. This is the result of decades of “symbiotic interaction”, if one follows the hidden message that is embedded in the neologism “Chinamerica”: Americans consume more goods from China than they export to China, and the Chinese are willingly financing the US trade deficit with their “over-savings” by holding dollars and US dollar-denominated debt. In 2017 alone, it amounted to $ 375 billion.For aMonday, March 12, 2018 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Gold Price in March 2018 |
| Silver soared, so it's bullish, right? Wrong.It’s been only a couple of days since Thursday, when we closed our short positions and we have already seen a sizable rally in gold and silver. In fact, yesterday’s upswing was so significant that both precious metals already moved to the target areas that we featured on Monday, even though they were “scheduled” to move there at the end of the week. Is the top already in? Silver’s short-term outperformance definitely seems to suggest that it’s either Sunday, March 11, 2018 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Are We in Late Cycle Implications for Gold |
| In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn’t lead me to drop off, disrupting my sleep cycles. Let’s then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote that “we are in the late stages of the economic cycle – as the cycle matures, volatility increases and investors start to buy more gold as a hedge.” Why do wSaturday, March 10, 2018 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| Silver Soared, So It’s Bullish, Right Wrong. |
| It’s been only a couple of days since Thursday, when we closed our short positions and we have already seen a sizable rally in gold and silver. In fact, yesterday’s upswing was so significant that both precious metals already moved to the target areas that we featured on Monday, even though they were “scheduled” to move there at the end of the week. Is the top already in? Silver’s short-term outperformance definitely seems to suggest that it’s either in or at hand…
Let’s jump right into the charThursday, March 8, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold’s Chance to Finally Shine and its Upside Target for Friday |
| Taking profits on our short positions and closing them on Thursday turned out to be a good idea. Gold, silver and – on an intraday basis – mining stocks moved higher on Friday, while the USD Index declined. But, is the rally over after just one day? Not likely – gold’s and miners’ turning points are likely to result in something more than just a daily rally. So, how high is gold likely to rally this time? That’s what we discuss in the following part of today’s alert.
But first, let’s take a lookTuesday, March 6, 2018 |
|
| Frank Shostak |
| Trump's Tariffs Are a Tax on Americans |
| On Thursday March 1, the Trump administration announced plans to impose 25% tariffs on imports of steel and 10% tariffs on imports of aluminum.The US President is of the view that without the required protection, the US steel and aluminium industries are likely to follow the deteriorating path and this in turn will undermine the US labor market.The steps announced by the US President raises the likelihood of a global trade war. President Trump seems to believe that war is great and that the US wTuesday, March 6, 2018 |
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| Peter McKenzie-Brown - Language Instinct |
| Barbecues, Booms and Blogs |
| Barbecues, Booms and Blogs
Fifty Years of Public Relations in Calgary
ISBN number: 978-1-55059-363-1
Copy for inside front cover:
Public relations is "the management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interest, and plans and executes a program of action to earn understanding and acceptance."
Canadian Public Relations Society definition
Title: Barbeques, Booms and BlogsSubSunday, March 4, 2018 |
|
 | Mark O'Byrne - gold.ie |
 Gold $10,000 Goldnomics Podcast Quotations and Transcript |
| In the latest Goldnomics latest podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices.
Watch on YouTube or read the quotations and transcript below.
Dave: Hello and welcome to the Goldnomics podcast where we look at global markets through the lens of precious metals. And you can keep your eye out for new episodes on iTunes, on SoundCloud and also on YouTube and you can like us on Facebook and follow us on Twitter.
And wsoSunday, March 4, 2018 |
|
| Thorsten Polleit |
| The Fateful Wish for Price Stability |
| [Originally published February 2007.]It is hard to think of a slogan that nurtures anti–free market sentiment as strongly as the term "stabilization policy." To Ludwig von Mises, stabilization policy was a direct consequence of the failure of government's interventionism in the field of monetary affairs:Shortcomings in the governments' handling of monetary matters and the disastrous consequences of policies aimed at lowering the rate of interest and at encouraging business activities through creThursday, March 1, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Bulls, Brace Yourselves – Fed Hikes Are Coming! |
| Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let’s analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?
Hawks Attack Bullion
We have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could be more hawkish than under Yellen. In December, after Powell’s nomination, we elaborated on our stFriday, February 23, 2018 |
|
 | Gary Tanashian - Biwii |
| Semi Bearish |
| Over the last several years, beginning in 2013 I’ve made post titles like ‘Semi Bullish‘ in response to the bullish leading edge economic cycle indicator, the Semiconductor Equipment sector and its implications for broad stocks and the economy. Those implications of economic acceleration were along these lines… Semi Equipment Book-to-Bill (b2b) → Broad Semi → Manufacturing → Employment → Firm Economy. Shortly after the b2b was noted as bullish the SOX index and the S&P 500 broke out to new highsTuesday, February 20, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| The Right Question… |
| Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan. He is interested in pursuing a degree in business and is taking all the requisite (advanced) classes in economics.
He called me yesterday and asked me, “Which Fed Policy would be better, Quantitative Easing or Tapering and what can be done to make things better?” Geese Louise! When I was his age the only question I Wednesday, February 14, 2018 |
|
| Frank Shostak |
| Should We Use Probability in Economics |
| Modern economics in addition to sophisticated mathematics also employs probability distributions. What is probability? The probability of an event is the proportion of times the event happens out of a large number of trials.For instance, the probability of obtaining heads when a coin is tossed is 0.5. This does not mean that when a coin is tossed 10 times, five heads are always obtained.However, if the experiment is repeated a large number of times then it is likely that 50% will be obtained. ThWednesday, February 14, 2018 |
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