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Affluent Christian Investor | January 28, 2020

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July 16, 2015 |

China Market Collapse: The Snowflake Which Triggers the Global Avalanche?

Markets that climb to dizzying heights over extended time periods are known as bulls for a reason: they buck. I titled my book on investing Financial Bull Riding for that reason. A bull has been breaking things in China’s stock … Read More

July 15, 2015 |

The Chinese ‘Great Unmentionable’

“[I]t is the economist’s task so to understand the deeper determinants of economic conjunctures and affairs that his policy prescriptions can be intelligently and properly shaped toward their proper ordering, or where it is considered necessary, their correction and resolution. … Read More

July 15, 2015 |

Silver Scarcity Rose Last Week

Last week, we concluded with this:

“So now, for the first time in about two years, the fundamental price of silver is above the market price, about $0.35 over.

Unless you really like to trade the bleeding edge … Read More

July 14, 2015 |

Bubble Bursting? Look at Bankruptcy Rates

Credit indicators are important in the Austrian understanding of the business cycle. Today we’ll look at one of the more important: bankruptcies.

First, why bankruptcies matter. It seems obvious — bankruptcies come in bad times — but let’s trace … Read More

July 14, 2015 |

Interest on a Million in Savings – $300 – Thanks Fed

I have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate you see on the Treasury bond is not real. You see, it’s only nominal. To calculate … Read More

July 14, 2015 |

The Fat Pig Kill List

Doing business in Hong Kong is always enjoyable, partly because of Cantonese food. Recently, I sat across the dim sum table from Faye, a Hong-Kong immigration agent with an impeccable British accent. Faye, looking for client referrals, explained her business … Read More

July 13, 2015 |

Grexit: “Experts” Wrong, Bookies Right

In the lead up to the General Election in the United Kingdom in May, opinion polls consistently showed the Conservative and Labour parties as neck-and-neck. As a result, until the night of the election, mainstream political pundits were predicting … Read More

July 9, 2015 |

Chinese Government Isn’t God, and Can’t Suspend the Laws of Economics

You know there is a problem when you hear something like this: The Chinese authorities have halted all new listings on the stock market. The reason? They want people to buy shares, not sell them. They think more buying is … Read More

July 9, 2015 |

How Banning Risk Makes This Market Riskier

Mainstream economists, excluding those at the Bank for International Settlements, have stuck with their ancient superstition that recessions are random events, each with its own special cause, known technically as shocks that send the economy spinning out of equilibrium. Central … Read More

July 7, 2015 |

Greece, Gold, and Silver

The prices of the metals drooped further this shortened week (Friday was a holiday in the US, as the Fourth of July, Independence Day, occurred on Saturday). The S&P 500 index also fell this week, as did crude oil.

Markets … Read More

July 2, 2015 |

This Ratio Signals Recession

In past articles I have reviewed sound models signaling the Fed’s money printing has made the economic expansion unsustainable. Those included Spitznagel’s Misesian Index, Shiller’s Cyclically Adjusted Price Earnings (CAPE) ratio, and others. I just discovered a new one, … Read More

July 1, 2015 |

How Big Government’s 100 Years’ War on Healthcare Killed My Wife

Big Government killed my wife. Years before a very dedicated team of physicians saved and extended her life, but the second or third class of doctors— all trained by the same schools and salaried by the same enormous government medical … Read More

June 29, 2015 |

Why Government Enablers Want To Abolish Cash

The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash … Read More

June 26, 2015 |

How Could the Fed Protect Us from Economic Waves?

Mainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally tend to go overboard and cause wild swings in both directions. Thus, we need an … Read More

June 26, 2015 |

If The Republicans Won’t Win The Argument There’s No Way They’ll Win The War

“Climate Denier.”

One of the environmental advocates who coined this term recently revealed to Jean Chemnick, a reporter for E&E, one of the Left’s most potent weapons in dominating the policy discourse (even while, often although not always, losing political … Read More

June 24, 2015 |

Affluence is Good, but Not Satisfying

You can beat the market without feeding your soul. You can make millions and leave your heart a beggar. You can retire young and rich and know you’ve missed it. ‘It’ is fulfillment. ‘It’ is soulish prosperity. ‘It’ can’t … Read More

June 19, 2015 |

Mainstream Economists Have Learning Disorder

After the onset of the Great Depression, many economists radically changed their views and adopted Keynes’ “revolution,” which was not a revolution but merely a resurrection of mercantile economics. Mainstream economists don’t understand that because they don’t take economic history … Read More

June 15, 2015 |

Unions Strike Against You

Labor unions don’t go on strike against companies or against management. They go on strike against you.

Like all wise consumers, you probably want to get as much value for your money as you can. You want quality products … Read More

June 11, 2015 |

Fed to Raise Rates? Not If This is a Recession

The bond market fell last week, wiping out gains for the year. Some blame it on Mario Draghi’s comments after an ECB meeting in which he expressed indifference to volatility in bond markets. If it is true that Draghi’s statements motivated … Read More

June 10, 2015 |

Answering Obama, Are Hedge Funds Worth More Than Kindergartens?

“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes.

Predictably, battle … Read More

June 5, 2015 |

Why The Fed Can’t Raise Rates

The VIX (volatility index) is in a coma, so most investors are dozing while danger signs about the current stock market pop up. The idea that the Fed causes recessions by raising interest rates has relaxed many investors. Some … Read More

May 29, 2015 |

Corporate Buybacks Keep Market Airborne

The stock market has surged lately and a lot of analysts credit it to stock buybacks by corporations. As the chart here shows, buybacks have reached dizzying heights. Corporations are purchasing their own stocks because corporate profits hit record … Read More

May 27, 2015 |

Bitcoin Won’t Save Us

Libertarians have waxed poetic about Bitcoin for years. It pokes a finger in the eye of the state by breaking the state’s monopoly on money and rescues citizens from a rapidly eroding dollar. But aside from the block chain … Read More

May 21, 2015 |

Welcome to Compliance Hell

I attended a panel discussion recently on the problems start-ups have in raising capital caused by securities regulation. Start-ups have to hire a lawyer before they raise the first dollar of capital. It’s a real catch-22.

Entrepreneurs are often surprised … Read More

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