Stocks fell last week following news that the yield curve on Treasury notes had inverted. This means that a short-term Treasury note was paying higher interest rates than long-term Treasury note. An inverted yield curve is widely seen as a sign of an impending recession. Some economic commentators reacted to the inverted yield curve by parroting the Keynesian propaganda that recessions are an inevitable feature of a free-market economy, whose negative effects can only be mitigated by the Federal Reserve. Like much of the conventional economic wisdom, the idea that recessions are caused by the free market and cured by...

The Left is the most dangerous ideological phenomenon in the history of mankind. It glorifies poverty, the total state, and mass death. The Left wants to destroy Western civilization, based on Christianity, the traditional family, and the free market. It’s no coincidence that Communists killed more than 100 million people, not including their wars. By the way, young people are not taught about the evils of the Left, only its myths. They do not believe there were gigantic atrocities in the Lenin-Stalin Soviet Union, nor Mao’s China. Socialism is good! Everyone is better off under socialism. Everyone is Equal. Equality...

Authored by Michael McCaffrey, Americans are blessed to have a plethora of benevolent celebrities who are willing to share their infinite knowledge and wisdom with them... After a thorough examination by a team of top-notch doctors, I was recently given some very disturbing news... I was diagnosed with an acute case of stage 4 platonic celebriphilia. In case you don’t know, celebriphilia is a disease where the afflicted have an abnormal and overwhelming adoration of celebrity. My medical team, which includes Dr Phil, Dr Drew and Dr Oz, tells me that the symptoms of celebriphilia include feeling a false sense of familiarity and...

It's not quite a zero coupon perpetual sovereign bond just yet, but it will have to do for now. Having already sold debt which pays zero interest (i.e., 0% coupon), in just a few hours, Germany will sell an ultra-long bond with a 0% coupon for the first time on Wednesday amid a spasm of debt sales over the next two weeks offering negative rates. As Bloomberg points out, this week’s 30-year auction will test the continued demand for haven assets now that the whole of Germany’s yield curve is in negative territory. Meanwhile, as Bank of America said in a Monday report,...

Yesterday, after countless demands that the Fed cut interest rates, Trump finally made his first, long anticipated formal demand that the Fed should pursue "some quantitative easing": .....The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone! — Donald J. Trump (@realDonaldTrump) August 19, 2019 The good news for Trump is that he has now fully figured out that he has the Fed in the palm...

Adviseur Verkoper van financiële producten Administrateur De bank of financiële instelling die graag wil dat u een rekening opent, heeft in vele gevallen tenminste vier petten op:  01. Als makelaar berekent zij commissies aan kopers en verkopers 02. Als adviseur adviseert zij graag aankoop van haar producten of producten waarop zij van de verkoper een commissie […]

Het meten van risicobereidheid is volstrekt zinloos. Dit concludeert Willem Landman in zijn proefschrift, ESB. Klinkt logisch want we wisten al dat als je je risicobereidheid bij meer banken  invulde, er steeds verschillende uitkomsten waren. Ook in de tijd, bij dezelfde bank. Maar nu toont Landman aan dat er geen enkele wetenschappelijk basis is om […]

The wheel of time rolls forward, never retracing its path, but because it is a wheel, and we are riding in it, a persistent illusion persuades us that the landscape is recognizably the same, and that our doings within the regular turning of the seasons seem comfortably normal. There is no normal. There is for us, at this moment in history, an especially harsh turning (so Strauss and Howe would say) as our journey takes the exit ramp out of the high energy era into the next reality of a long emergency. The human hive-mind senses that something is different,...

Serieus VS letterlijk

'God of Chaos' Asteroid to Reach Earth in 10 Years "NASA has begun preparations for the upcoming ‘God of Chaos’ Apophis asteroid which is considered potentially hazardous to Earth as it passes so close to the planet it will be UNDERNEATH TV satellites."

Alan Kay's Bugout Bag, Part 1

Get In Touch With Your Survival Instinct

By: Ron PaulIn addition to funding for a border wall and other border security measures, immigration hardliners are sure to push to include mandatory E-Verify in any immigration legislation considered by Congress. E-Verify is a (currently) voluntary program where businesses check job applicants’ Social Security numbers and other Information — potentially including “biometric” identifiers like fingerprints — against information stored in a federal database to determine if the job applicants are legally in the United States.Imagine how much time would be diverted from serving consumers and growing the economy if every US business had to comply with E-Verify. Also, collecting...

By: David GordonToday would have been the 89th birthday of Burt Blumert, one of the greatest personalities of the modern libertarian movement. Burt was the indispensable man behind the scenes and was a key figure in the Mises Institute, the Center for Libertarian Studies, and LewRockwell.com. He was one of Murray Rothbard’s closest friends; and when you met him, it was easy to see why Murray liked him. He was a genial and kind person and a source of wise counsel to all those fortunate to know him. Burt was the founder of Camino Coins and a principal figure in...

By: Mark Thornton, Jeff DeistWith stock markets in turmoil earlier this week, the Mises Institute's resident expert on booms and busts joins Jeff Deist to make sense of it. Will new Fed Chair Jerome Powell do everything possible to prop up markets, or will he be more hawkish than Janet Yellen? What kinds of indicators does Mark look for to predict trouble (hint: it's not the VIX). Why does the volume of margin loans matter, and why is the Russell 2000 Index a better predictor than the Dow or Nasdaq? Are cryptocurrencies now bound up with macro trends? And is Austrian...