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Affluent Christian Investor | August 23, 2017

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Posts ByRoger McKinney, Author at Affluent Christian Investor - Page 3 of 5

July 25, 2016 |

How Long Can Low Rates Last?

The charging of interest on loans is one of the most hated and worst understood concepts in human history. Aristotle claimed that money cannot beget money because it is dead, so charging interest on loans is immoral. Moses’ law … Read More

July 22, 2016 |

The Damage that NIRP does

Bloomberg carried a story a few weeks ago on Denmark, which has been “blessed” with a negative interest rate policy (NIRP) longer than any other developed nation. The authors asserted that the horror stories about low interest rates with which … Read More

July 13, 2016 |

Sector Rotation Confirms Austrian Theory

Mark Skousen in his excellent economics text, The Structure of Production, shows that professions on the front line such as accountants and investing experts, follow the Austrian business-cycle theory (ABCT) often without know it. Schwab confirmed that in March … Read More

July 8, 2016 |

Fundamentalist Investing Scores Big Gains

Recently I wrote about fundamentalism and I want to carry on with that theme this week. I’m late to the party. Research Affiliates launched their fundamental indexes over ten years ago, but I only recently read The Fundamental Index: A … Read More

July 4, 2016 |

Brexit! The UK’s Independence Day!

The Brits recently voted for independence from the European Union. Maybe now they better grasp why we colonists divorced King George over 200 years ago.

The Adam Smith Institute has the best pieces on Brexit here and here and with the video … Read More

June 20, 2016 |

Golf, Economics, and Fundamentalist Investing

Scottish people will always have trouble getting into heaven because they have tempted humanity with two infamous inventions: golf and economics. They’re trying to make up for it with their whiskey, and doing a pretty good job, but the … Read More

June 17, 2016 |

How Not to Predict the Stock Market

Investing expert Bert Dohmen said that “Looking at earnings, dividends and P/E ratios in order to predict future stock prices are all a waste of time” in a recent Forecasts & Strategies email issued by the economist Mark Skousen. … Read More

June 13, 2016 |

How D-Day Teaches Economics

June 6, 1945, Allied forces invaded the Nazi fortress of Europe. Not everyone cheered. General Douglass MacArthur said of the invasion that he would court martial the SOB who had planned it. Of course, he knew well the planner. He … Read More

June 6, 2016 |

Will FinTech Uber the Big Banks?

The lyrics to one of the late Prince’s songs, “Party like it’s 1999,” seem more appropriate today as writers applaud new tech companies. In the late 90s, all an entrepreneur had to do to raise money for an idea … Read More

May 19, 2016 |

The First Austrian Economist – Washington Irving

Washington Irving is best known for his short stories “The Legend of Sleepy Hollow” and “Rip Van Winkle,” but he also wrote many essays. Before he lived by the pen he was a business man and one essay proves that … Read More

May 17, 2016 |

Trucking and Profits Drive Off a Cliff

Not long after the 2001 recession I took a job at a large long-haul flatbed trucking company as a rate analyst and one of the first things I noticed on the job was a graph of truck tons/mile. The … Read More

April 29, 2016 |

Will We Never See Another Soros or Buffett?

The Global Guru wrote recently that investing has changed so much over the past two decades that we will never see investors like Buffett and Soros who could earn 30% returns for 30 years.

Nicholas Vardy wrote, “George Soros’ … Read More

April 25, 2016 |

Democratic Fascism Kills Growth

Bob Bryan at Business Insider had an interesting column on why economic growth in the US is dying. For the cause, he defers to Mike Thompson of S&P Global Market Intelligence:

Instead of continuing to invest in the … Read More

April 19, 2016 |

How Mainstream Econ Promotes Socialism

Milton Friedman is a good example of a great champion of free markets whose economics betrayed his philosophy. Few economists enjoyed the ear of the common man in the way Friedman held it. He wrote regularly for popular magazines, appeared … Read More

April 12, 2016 |

Another Market Head Fake

In the world of real bull riding, as opposed to nominal bull riding, or investing, the cowboy (investor) must anticipate the spins and leaps of the bull. Riders often study video of bulls engaged in previous games of cowboy tossing. … Read More

April 8, 2016 |

Bank for Central Bankers Confirms ABCT

The popular press blames Wall Street shenanigans and banker greed for the most recent recession as the movie The Big Short demonstrates. Politicians digest the economics of the mainstream media and that is the reason Congress passed the Frank-Dodd Act … Read More

March 23, 2016 |

Central Bankers Made Bull Riding Necessary for Survival

Bull riding has become a lucrative sport for those with the talent to ride, earning the top riders hundreds of thousands of dollars per year in spite of a few broken bones. Central bankers have made learning to ride … Read More

March 18, 2016 |

Rescuing Turtles – How the ABCT Can Help Trend Followers Part II

Last week I introduced readers to trend following strategies of Michael Covel. Those who follow trends are sometimes called “turtles.” Covel and others admit that trend followers have sailed into troubled waters lately.

The Austrian business-cycle theory can help trend … Read More

March 10, 2016 |

Rescuing Turtles – How the ABCT Can Help Trend Following Investors

Futures magazine wondered in 2013 if trend following as an investing strategy was dead:

In 2012, the aggressive and persistent actions by central banks and other authorities worldwide served to maintain an unfavorable market environment that began in 2009 for … Read More

February 29, 2016 |

Japan’s 4th Quarter Torpedoes Market Monetarism

Japan’s GDP fell 0.4 percent from the third to fourth quarters, which translates into an annual rate of -1.4 percent as it is commonly reported. The shrinkage dealt another blow to Abenomics, the term the press invented for the Prime … Read More

February 18, 2016 |

Year Ahead Forecast – Stormy

Austrian economists are not huge fans of forecasting as are most mainstream economists, especially those who add a decimal point to lure the gullible into thinking the forecast is accurate. But that doesn’t mean Austrians don’t forecast. Hayek wrote in … Read More

February 9, 2016 |

Oil Can Sink Lower Than We Think

Everyone is wondering how low the price of oil can go. It’s well below the profitable level in the US, but the pumps keep pumping. In this earlier post I showed that oil companies will continue to pump at … Read More

February 2, 2016 |

How the Fed Creates Bulls and Bears

If you grasp this you will be light years ahead of most economists. Bull and bear markets can’t exist without the Fed manipulating the money supply. Here’s why.

Assume the stock of money is fixed. For example, say there exists … Read More

January 22, 2016 |

Poking the Bear – What Happens Next to the Market?

The S&P is down about 9% for the year and 10% from the highs last year as of this writing. By the time you read this, the index may be even lower. The bear has been hibernating for seven years … Read More

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