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Tag Archives: Fiat Solution
Financial Equilibrium, Regime Change and Unreliable Money
In the previous post I noted that the 40 year high in market serial correlation implies that we are approaching the financial of equivalent of thermodynamic equilibrium. Negative serial correlation implies that todays returns tend to be the opposite of … Continue reading
Its So Obvious, it can’t be seen!
Here is the transcript of a post I made on FT Alphaville just now. Izabella et al are you really suggesting that it has only just **now** come to mind that a government bond ( an instance of a printer … Continue reading
Essential Reading – Macroresilience
Once again I find I must break my cardinal rule of not linking willy nilly to other people’s material. In fact I’m cancelling that rule and replacing it with one in which I only link to articles dealing sensibly with … Continue reading
Finding the End, IV
Time to close down this latest series of posts. The last post posed the question “what about growth”. Before answering that question though, lets recap the situation: Recap As aggregate growth fails to materialise because of demographic constraints and resource … Continue reading
Finding the End, III
To unravel the ball a bit further, lets take a look at this piece. “Some influential analysts (Bill Gross of Pimco among them) argue that bond yields will rise sharply when the Fed withdraws its life support from the bond … Continue reading
Finding The End, II
16 Cents Lets continue. We begin with an article, Sixteen Cents: Pushing the Unstable Limits of Monetary Policy by Hussman linked from the one given in the previous post. Here is is. If you didn’t read it yet, do so … Continue reading
Finding the End
This post is to pass on to you this excellent article about where the end of QE lies and where the tangled ball of string that is monetary policy is going to lead. Here’s the article. Please try and digest … Continue reading
Inflation Everywhere
Is it possible to have simultaneous CPI inflation everywhere in the world? Yes it is. I am not talking about some kind of silly goldbug world hyperinflation nonsense here. I am talking about two factors, which I suggest will dominate … Continue reading
Are We Nearly There Yet?
A Question Pareeto left a comment on the previous post asking this eminently sensible question (and some other good questions too): Does a society’s preference level for debt depend fundamentally on it’s confidence of being able to refinance- and is … Continue reading
The Madness of the Afternoon and the Stillness of the Evening
In earlier posts I alluded to the fact that an achivement of the state of peak debt alters the nature of the dynamics which govern the monetary economy which is in this state, and that this is an important consideration … Continue reading
