quasi-fiscal deficits

Farmers will not drive Lamborghinis (or Why I disagree with Jim Rogers)

Tuesday, January 8th, 2013 by posted in Economics.
Front Jan 8 2013

Please, click here to read this article in pdf format: January 8 2013 This is my first letter of 2013. I was not able to write earlier as I was travelling in Argentina. The situation there is complex and fluid. It


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

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On risk convergence, overdertermined systems and hyperinflation

Sunday, September 30th, 2012 by posted in Uncategorized.
Sep 30 2012 featured

(republished from “A View from the Trenches“, September 30th, 2012) Click here to read this article in pdf format: September 30 2012 This week, we want to follow up on some thoughts from our last two letters, where we deduce the impact of

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