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Affluent Christian Investor | October 24, 2017

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

September 16, 2016 |

Are Market Returns Based on Random Luck?

In May of this year The Atlantic offered another hymn to the goddess of luck. Not only is worshiping the goddess a good thing according to the author, but agnostics are stingy and selfish:

Seeing ourselves as self-made … Read More

September 13, 2016 |

Shocking! NIRP Causes Savings Not Spending

The whole point of negative interest rates (NIRP) in Europe and Japan was to force people to spend by punishing them for clutching their cash. The rationale goes deep into the middle ages before modern economics: the economy is … Read More

September 1, 2016 |

Where’s the Growth?!!!

Decades ago an old lady yelled, “Where’s the beef?” when handed a burger in a fast food commercial. It became a catch phrase for occasions when people wanted to advertise that an idea lacked substance. So while the media proclaims … Read More

August 31, 2016 |

The Rich Are Getting Richer – Baptists and Bootleggers

Hillary and Bernie dusted off and hoisted aloft the old medieval standard “the rich get richer while the poor get poorer” during their primary contest. Republicans tended to respond with, “So?” During the Olympics, Hill promised to make the rich … Read More

August 12, 2016 |

Free Trade Can’t Help a Socialist Nation

Good economists, that is, free marketeers, are appalled by Republican nominee for President Donald Trump’s attacks on free trade. All of us have examined and approved David Ricardo’s theory of trade and comparative advantage. Trade is not a form of … Read More

August 4, 2016 |

Economic Model Says Trump Will Win the Election

For someone who despises politicians as much as I do it’s really hard to avoid political news lately. But there is a nexus between the presidential election and economics: most voters think the president controls the economy. The evidence for … Read More

August 2, 2016 |

What the Market Has in Common with Trump

Watching this market is like watching Trump’s candidacy. Everyone is waiting for both to crash and burn but they keep climbing to greater heights. Even Fox News appears to oppose Trump without much effect just as the stock market … Read More

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

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