Archive: Economics and Predictions
If you’ve been keeping up with the economy in the last, well, decade, you’ll see that the United States and most European countries have turned to the printing press to cure all of their economic ills. The problem? The printing press doesn’t actually cure anything, and just makes prices higher, wiping out the poor and [...]
Inflation is exploding. Warren Buffett is even jumping on the “inflation is inevitable” bandwagon. Bloomberg has Buffett saying the following just a few days ago: “If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, [...]
The inflation rate is one of the most confused and misunderstood topics. Most economists have absolutely no idea how inflation really impacts people, and typically oversimplify it in their overzealous attempt to make economics a question of simple math formulas. Here’s the lowdown on inflation: the real inflation rate is about 4-500% higher than what’s [...]
If there’s one thing I’m repeatedly asked about in the last few months, it’s whether the price of gold is about to collapse. It’s an important question, and a lot of people have a lot of money riding in the gold and silver market. In this article, I’ll be giving a more comprehensive answer than [...]
Despite so much focus on the policies of the Fed, its operations remain somewhat of a mystery to most investors — in no smaller measure, due to their complexity. So, we put together a free resource for our Club EWI members: a 35-page report that explains the Fed, its goals and, very importantly, its limitations [...]