Search Results for: Global gold
Technical analysis and market psychology
June 16th, 2021
This article examines the relevance of technical analysis to today’s financial markets. Its genesis springs from two branches, Dow theory and the Elliott wave principal. Originally, Dow theory sprang from an attempt to discern the state of the ...
The real point of cryptocurrencies is not their price
May 27th, 2021
The Wall Street Journal recently posted an email conversation between columnist Andy Kessler and billionaire Mark Cuban in which Cuban explains the real point of cryptocurrencies. Hint: It has nothing to do with the price of bitcoin or ethereum. ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
Say’s law and the destruction of savings
April 2nd, 2021
This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration to say that his casual rejection of Jean-Baptiste Say’s economic theories in his off-hand ...
The ECB’s financial suttee
March 22nd, 2021
The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development markets were getting ...
Inflation watch: Beware the ides of March
March 12th, 2021
President Biden has now had his $1.9 trillion stimulus package passed into law, and it will not be the last in the current fiscal year. Covid is not over and is sure to resurge with new variants next winter. ...
European stocks were largely flat on Wednesday
January 27th, 2021
European stocks were largely flat on Wednesday due to losses in technology and mining sectors and as investors stayed on the sidelines ahead of the U.S. Federal Reserve’s policy decision. The pan-European STOXX 600 index was down 0.02% following ...
Economic and monetary outlook for 2021
January 5th, 2021
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s declining trend is already well established against other currencies and commodities, leading to this outcome. ...
Bitcoin is breaking records because bigger investors are buying it now, says PwC
January 4th, 2021
Bitcoin’s record-smashing rally seen in recent weeks was partly driven by the entry of more big, institutional investors into the market, according to PwC’s global crypto leader Henri Arslanian. The digital currency surged over $30,000 for the first time ...
Dollar starts 2021 in the cellar with a hangover
January 4th, 2021
The dollar started the new year by slipping broadly on Monday as investors sold it for just about everything else in the Asia session, wagering the world’s pandemic recovery will drive other currencies higher. The euro, which had dipped ...
