Booms and Busts

So does Schiff truly think the "unsustainable" deficit will break this year, or does he really just want you to buy his book on the coming crash?

The spirit of speculation and adventure pervaded the entire community ...

This fascinating and inspiring story from the BCC shows

Gerard Jackson takes on Alan Wood and Robert Shiller on the cause of speculative asset price bubbles in

This piece from Bloomberg, which quote

Much ink has been expended in discussions of the US yield curve and also on the reluctance of the country’s lower money aggregates to grow as

Contrary to the accepted way of thinking, recessions are not negative growth in GDP for at least two consecutive quarters.

Joseph T. Salerno (2003) argues economic growth has occurred in periods of deflation. The Austrian School’s broad understanding of deflation is underscored by the four definitions offered by Salerno.

Evidently, it was only after extensive knowledge was gained while training to be a mortgage loan officer and studying for a real estate sales license that the now former hairdresser realized borrowing 100 per cent of the sales price to buy real estate that generated a $5,000-plus negative cash flow each month created "a potential for serious financial hardship, such as foreclosure or personal bankruptcy if they could not make their mortgage payments."