“Like champagne, bull markets remove inhibitions.” –James Grant My readings over the last several weeks have consisted primarily of David Stockman and Jim Grant– two sane voices in the insane financial world. Each have contributed wondrous thoughts and reflections on the nature of 21st century finance, which is primarily a […]
“The economy is doing well” or “the economy has reached a stand-still” or many other myriad ways to refer to “the economy” should always be taken as a metaphor. And yet, quite obviously, this is not actually the way that the mainstream economic thinking works. For them, the economy is […]
For those interested, I have summarized and explained California’s severe pension problem in an article here.
Bloomberg reports: Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant. Millennials and small investors aren’t the only ones using robo-advisers, a group that includes pioneers Wealthfront […]
As interest in the Austrian School continues to expand in our day, people are going to increasingly consider the practical relevance of this highly philosophical school of economic thought. After all, for better or for worse, we live in the “practical age.” People are less interested in theory and more […]
I am excited to begin reading and blogging through this book next week. It’s on its way from Amazon. I have already given some pre-read thoughts on it here. Since then, I dug up a picture of the table of contents online. For those interested:
I’ve been anticipating this book for some time and it has finally been published in English. I first heard about it via Pater Tenebrarum on his Acting Man blog. It immediately grabbed my attention because it was written by some folks associated the Austrian oriented Incrementum Fund in Liechtenstein. Frank Shostak, who in my […]
The way that most people think about the stock market’s rising and falling is usually at odds with the economic reality. This is not entirely their fault; there is an academic consensus at play which reinforces the confusion, this consensus, of course, being the Keynesian paradigm. When the financial media […]