by Gary Galles
Economic analysis is a powerful tool. But while powerful, it is also amoral; not inherently moral or immoral. Whatever you want to accomplish, applying accurate economic analysis to the issues can help you do it better. If the purpose is good, you can achieve more of it; however, if the purpose is to impose harm, you can achieve more of that as well.
“The Best Buyable Minds”
Those two points must be made or remembered in every economics course, from principles onward. In fact, I have taken to following up my discussion of these issues in my classes by telling students they must sign a “superhero oath” on their final exam — they must promise to only use their new skills to do good.
Continue Reading at Mises.org…
by Karl Denninger
How idiotic can you be, America?
The latest technology used by Apple and Google to meet consumers’ demands on securing private data is hitting a nerve with the Department of Justice.
In a meeting last month with Apple executives, the No. 2 official at the Justice Department said the company’s new encryption technology that locks out law enforcement would lead to a tragedy, The Wall Street Journal reported. A child would die and the police would not be able to search the suspect’s phone, the official allegedly said.
Note two things:
Continue Reading at Market-Ticker.org…
by Martin Armstrong
While recession has returned to Japan and interest rates have dropped to negative, in Europe the ECM has effectively announced it will expand its balance sheet again by a trillion Euro. China has lowered interest rates showing this view of lowering interest rates is believed to stimulate the economy still prevails, albeit nobody can point to any such period which demonstrates that such a policy has ever worked. The Fed lowered interest rates from the peak in 1929 to no avail. Honestly, while this may sound like good policy, it has simply never worked. Lowering interest rates HAS never created a stock bull market. Lowering interests has instead market the worse declines in history.
Continue Reading at ArmstrongEconomics.com…
from The Daily Bell
For nearly three weeks gold has been traveling upward for a variety of reasons and Friday’s action placed it in the area of US$1200 – an important number that has been identified as “break even” for numerous gold miners. With predictions of even higher prices next week, gold stands a chance of turning in a positive month after numerous choppy or negative ones.
This Week’s Monetary and Industrial Trends
Three news events pushed the dollar down against gold late in the week, and thus provided more positive numbers for the yellow metal.
The first, according to media reports, was a Chinese interest rate cut designed to boost a lagging economy. The second involved comments from EU bankers on more aggressive money printing and the third had to do with the Dutch central bank repatriating some 122.5 tons of gold back to headquarters in Amsterdam from New York.
Continue Reading at TheDailyBell.com…
by David Kranzler
Investment Research Dynamics
I liken individual home flippers to the proverbial retail stock market investor who waits until the top of the market to pile on. Nothwithstanding the fact that the National Association of Realtors’ data reports are of highly questionable quality, October’s supposed sales gain was driven entirely by the all-cash individual investor/flipper. You can read my analysis here: Existing Homes Sales For October.
I also wrote an analysis for Seeking Alpha of the rest of the housing market data that was reported this past week. While headline reports had a bullish spin, the actual underlying details shows a market that is deteriorating quickly: False Flag Housing Data.
Continue Reading at InvestmentResearchDynamics.com…