Physical flows are strong. The trend is up through August 15.

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Debt Downturn: Understanding its Impact

The recurring pattern in financial crises is more or less the same. For some reason, a shift occurs in the economic cycle (such as war, innovations, new regulations, etc.) that leads to changes in the profit opportunities for banks and companies. Demand and prices rise, pulling more and more parts of the economy into a state of euphoria. Speculative mania, whether it pertains to tulip bulbs, real estate, or mortgages, becomes a reality. Sooner or later, someone sells to cash...

Recently, I wrote about the conditions that dictate what impacts interest rate changes will have on aggregate spending and demand-driven inflation in direction, magnitude and temporality – see RBA governor’s ‘Qu’ils mangent de la brioche’ moments of disdain (June 8, 2023). It is highly likely in many cases, the decisions by central banks to increase interest rates, ostensibly to ‘fight inflation’ actually make inflation worse. More people are starting to understand that point even though...

Ο φλύαρος και θολός αντι-νεοφιλελευθερισμός είναι το όχημα της επιβολής του σημερινού κυρίαρχου νεοσυντηρητικού ρεύματος, του Νέου Κεϋνσιανισμού. Η επιστροφή του κρατικού παρεμβατισμού και η κηδεία του νεοφιλελευθερισμού έχουν ήδη γίνει στην κρίση του 2008. Η ροζ «αριστερά» προβάλλει βλακωδώς ένα φλύαρο αντι-νεοφιλελευθερισμό και με τον τρόπο αυτό κρύβει τον πραγματικό αντίπαλο και διευκολύνει την κυριαρχία του. Άλλωστε και η ίδια είναι όχημα αυτής της νεο-συντηρητικής...

A brief essay for July 4, 2023  – by New Deal democrat Selections from Brutus, the anti-federalist who argued against the Constitution’s institution of the Supreme Court: “When great and extraordinary powers are vested in any man, or body of men, which in their exercise, may operate to the oppression of the people, it is of high importance that powerful checks should be formed to prevent the abuse of it. “[T]hose who are to be vested with...

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How does this article fit into Angry Bear’s typical offering? It doesn’t really or it does if you believe it to be an issue of economics, personal economics, and education. An education to be careful how and where your credit cards are used. My rule(s) of thumb. If it takes too long to process a credit, ask questions about there being a problem. If the person leaves the area from where you can watch them transact the purchase, there should be an...

Happy Fourth of July, everybody! My thoughts on the market and looking forward.