financial history

The Chris Whalen interview on CNBC has me thinking about the Federal Reserve's policy dilemma right now. If you haven't seen his comments on interest rates, read my post Roubini, Bremmer and Whalen: Fixing the Financial System and Double…

From the BEA. Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and…

During the Great Depression, immigrants were often seen as a problem more than a solution because of high unemployment. Between 1929 and 1939, an estimated 500,000 Mexicans voluntarily or involuntarily emigrated from the US back to Mexico.…

By Michael Pettis. With the PBoC’s currency announcement last Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed to add zest to my meetings this week in Boston, New York, and Washington), you would assume that…

Jeff Clark, Senior Editor, Casey’s Gold & Resource Report While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is…

I am trying to make sense of the revaluation talk that surrounds the Sino-American trade relationship. Here are some thoughts on the issue.  Your comments are appreciated. In the 1920s, the United States was the Alpha Creditor…

Must-read The German Miracle vs. the Welfare State - Ludwig Erhard - Mises Daily English-language links US/China Rhetoric Escalates Over Rise in Chinese Exports « naked capitalism The Essence of Pleasure : The Frontal Cortex…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Investing in stocks is marketed as believing in America. Imbedded is the…

The PDF of Hugh Hendry's letter to investors is embedded below. Enjoy. Eclectica Monthly Letter 2010 05

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009). A speech delivered at the Ludwig von Mises Institute Conference:…