Tag Archives: energy

Austrian Theory, Banking, Bonds, Budget, Capitalism, Central banks, Commodities, Corporatism, CPI, Credit, Cycles, Economics, Energy, Entrepreneur, Europe, Federal Reserve, Fixed Income, Government, Inflation, Macro, MMT, Money, money supply, Politics, Production, QE

Pandora’s Box

Posted on by Sean Corrigan

Most people associate ‘inflation’ with rising prices, but the disease goes much deeper than that. Inflation is a phenomenon wherein money becomes so abundant it disrupts relative price formation and hence interferes with the vital transmission of information about the state of the countless interactions of supply and demand, plenty and scarcity, which take place on the market. As the fever rises, mistakes accumulate, conflicts intensify, timings clash, finances become stretched, and coherence is lost. A rising price is one thing. Prices -plural- rising at varying speeds and in an ever less predictable manner is a much more dangerous pathology.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Continue reading →
Bank of England, BOE, BOJ, Bonds, Central banks, Commodities, ECB, Energy, Equities, Federal Reserve, Fiscal policy, Forex, Government, Inflation, Intervention, Macro, MMT, Money, money supply, QE

The Beggar’s Opera

Posted on by Sean Corrigan

Though a lot of hot money was poured into the trade in the last quarter of 2020, there is still much reluctance on the part of economists – always prone to a spot of Under-consumption fallacy – to wholly embrace the idea that prices are beginning to rise and that the path ahead is likely to be an inflationary one. That path will inevitably not be smooth, nor its ascent uninterrupted, but it is hard to see where we slow the climb or take a different turning – or even that sufficient will exists to choose that alternative were it ever to come up on our satnav.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Continue reading →
Agriculture, China, Commodities, COVID19, Donald Trump, Elecction2020, Energy, Equities, Gold, Government, Metals, Money, money supply, Oil, Politics, Revenues, Tech, USA

Faites vos jeux

Posted on by Sean Corrigan

On the eve of what is shaping up to be a particularly momentous US election, we offer our view of what is at stake – both in the markets and out in the real world, far beyond the flickering screens of the trading room.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Continue reading →
Austrian Theory, Banking, Central banks, Credit, Cycles, Deflation, Economics, Federal Reserve, Fiscal policy, Inflation, Money, US Treasury

Money v Supply

Posted on by Sean Corrigan

With many commodity prices touching multi-year lows and with mounting fears for real estate valuations and car-lease residuals, numerous commentators seem convinced that ours is now a deflationary future. QE failed to raise CPI by anywhere near what the spin promised, they say, partly because it was ‘unsupported’ by fiscal policy. Therefore, if we don’t get Roosevelt, we’ll get Brüning, they conclude, and, meanwhile, we need the Fed to cut rates below zero, said one prominent pundit on April 5th. We replied:-

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Continue reading →