Mises Search

The world’s largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge. This is a classic case of how artificially low interest rates, globally, creates malinvestments, deflation, and eventually bankruptcies. According to an article in the

Is the world economy strong and growing, or is it weakening? Are we in a boom or in a bust? Two ways that I use to gauge the strength is to look at the price of oil and the Baltic Dry Index (BDI). Oil is used in the production and transportation of most goods produced. The Baltic Dry Index reflects the price of shipping manufactured goods and

The  Virginia  Tech Professor who blew the whistle on lead in the water in Flint, MI thinks “public science” has been broken. Not knowing its been a broken system all along. In a recent interview , he comes forth with a stinging indictment of government-supported science. He does understand that this widespread problem of incompetent, worthless

Apparently Quicken Loans is thinking like John Maynard Keynes and Paul  Krugman.  They can create their own bubble and multiplier effect. It’s magic! The fact that the commercial was widely panned is probably a good thing. Although making loans easier by reducing red tape imposed by Dodd-Frank Act legislation is a good

Of course the Super Bowl Indicator—the idea that the football league that wins the Super Bowl predicts the direction of the stock market—is a fallacy.  When it was discovered in the 1970s it had a nearly perfect record for predicting whether the stock market would experience a positive or negative year. The indicator’s record has since fallen to

Congressman Jeb Hensarling, chairman of the House Financial Services Committee, mentions Hayek’s Fatal Conceit regarding the Fed bureaucracy’s ability to manage money and interest rates. Reporter responds by asking how much confidence do you have -- “are they (central bankers) the right people to be doing this...I don’t even know what to think

Joseph Salerno Interviewed on Power Trading Radio on topic such as the Gold Standard, Fiat Money and Fractional Reserve Banking.

In 2014 there was a record number of skyscrapers and super skyscrapers around the world. In addition to frenzied skyscraper building, there has also been several existing skyscraper that have changed hands at “superlative” prices in recent years. According to Bisnow : “This week’s commercial real estate banner headline was Blackstone’s reported

“See the coast clear and then we will depart.” Shakespeare, Henry VI While reading a press release today I summed up its overall message in my mind as “the coast is clear.” Then it hit me that I did not really know what this common phrase really meant. My first thought that it had to with Colonial smuggling and the American Revolution. It was

Central banks have embarked on a transition from relative secrecy to relative transparency over the last two decades. This has led researchers to investigate the ramifications of transparency on important economic outcomes. By and large, the results reported have been favorable, favorable with qualifications, or ambiguous. This paper examines the