Monthly Archives: November 2014

Deflation: The New Normal.

Let’s face it, the world is getting dangerous, and those with wealth throughout the world are finding U.S. Treasuries.  Capital flows into the U.S. economy has appreciated the dollar.  This along with deflation is a very good sign for American … Continue reading

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Arnold Toynbee Meets Putin

The ten volume set of A Study of History isn’t in print any longer, I’m told that Oxford University Press is considering reprinting the entire series, including maps and the noted final volume titled ‘Reconsiderations’, nevertheless, a classicist like Toynbee would … Continue reading

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Eric Hoffer ‘The True Believer’

Written in 1951, it remains true today:  “There is in us a tendency to locate the shaping forces of our existence outside ourselves.  Success or failure are unavoidable related in our minds with the state of things around us.  Hence … Continue reading

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Draghi: Hits a Nerve

The collapse of velocity (public spending) throughout the entire European monetary union isn’t something any Central Bank can fix.  This is a structural problem best resolved by politico’s.  Having the Central Bank assume responsibility for political problems that are intrinsically … Continue reading

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