Financial repression

What causes hyperinflations and why we have not seen one yet: A forensic examination of dead currencies

Tuesday, December 18th, 2012 by posted in Economics.
Dec 16 2012 3

Please, click here to read this article in pdf format: December 18 2012 As anticipated in my previous letter, today I want to discuss the topic of high or hyperinflation: What triggers it? Is there a common feature in hyperinflations that

No comments yet

The year 2012 in perspective

Sunday, December 9th, 2012 by posted in Economics.
Featured image Dec 9 2012

Click here to read this article in pdf format: December 9 2012 Today, I want to summarize what we covered over the year. During 2012, I sought to address both theory and market developments. Under an Austrian approach, I discussed many

No comments yet

Human action under ultra-low interest rates

Sunday, September 2nd, 2012 by posted in Economics.
yellow_andblue

(republished from “A View from the Trenches“, September 2nd, 2012) Click here to read this article in pdf format: September 2 2012 Over the past months (and particularly in the last weeks), we have increasingly read negative comments on the ongoing

No comments yet

On gold, stocks, financial repression and the KreditAnstalt of 1931

Sunday, March 18th, 2012 by posted in Economics, History.

Please, click here to read this article in pdf format: March 18 2012 We are back from Washington DC and realize that we could choose different titles for today’s letter. Let’s try a few… Title No.1: “The market proved us wrong”

No comments yet

The game changed on Thursday, June 23rd

Monday, June 27th, 2011 by posted in Economics.

Read this article in pdf format: june-27-2011 Thursday, June 23rd, 2011 was a day of infamy: The International Energy Agency surprised the world by announcing that 60MM barrels of oil would be released over 30 days, as an answer to

2 comments