Bitcoin debate: It’s a bubble! No, it’s not, it cannot be a bubble!

Bitcoin debate: It’s a bubble! No, it’s not, it cannot be a bubble!

By Mike “Mish” Shedlock The bitcoin debate goes on and on. Some claim it’s a bubble. Others say it isn’t. Still others say it can never be a bubble. Very Definition of a Bubble On November 2, Credit Suisse CEO, Tidjane Thiam jumped on the bubble bandwagon with this statement: Bitcoin Is the ‘Very Definition’ of […]

Supposedly symbolic, state travel bans have real bite

Supposedly symbolic, state travel bans have real bite

WASHINGTON — Six states now prohibit their employees from taking nonessential work trips to states with laws that, in their view, discriminate against lesbian, gay, bisexual and transgender people. Both supporters and opponents of these travel bans say they are mostly symbolic. Nevertheless, the people charged with attracting visitors to the affected states say the […]

When low-wage workers are better than robots

When low-wage workers are better than robots

By Justin Murray / Mises Wire Time and time again, these pages have listed numerous benefits of automation and robotics. The discussions point out that mechanization doesn’t make us poor, that attempting to tax machines is counter-productive. Automation even makes our jobs safer as we can offload dangerous tasks to a metal creation. However, automation […]

Italy needs a dose of Bugatti capitalism

Italy needs a dose of Bugatti capitalism

By Marcia Christoff-Kurapovna / Mises Wire There is a peculiar intellectual and emotional revulsion that comes with reading about Italy’s endless cycle of economic and political woes — whether having to do with the near-collapse of the world’s oldest bank or the effective nation-wide paralysis of Italian industry. Despite this near-permanent state of affairs, the country’s overwhelming […]

Greece and Iran: The dark side of the relationship

Greece and Iran: The dark side of the relationship

By Maria Polizoidou / Gatestone Institute As Sunnis and Shiites are fighting for regional hegemony in the Middle East — Syria, Yemen — Greece, as geographical gate for Europe and the Balkans, is a trophy country for the Iranian regime. In recent years, the Iranians have been exploiting the corrupt establishment’s thirst for money. Through drug […]

Abe plans more stimulus as Japan slashes GDP forecast; Expect more Abe failures

Abe plans more stimulus as Japan slashes GDP forecast; Expect more Abe failures

By Mike “Mish” Shedlock In the short run, fiscal stimulus adds to GDP.  In the long run it subtracts. Damn the long-term consequences, Abe Orders New Stimulus Package After Election Win. Japanese Prime Minister Shinzo Abe ordered a new round of fiscal stimulus spending after a crushing election victory over the weekend as evidence mounted […]

Brexit’s effects will be felt in Latin America

Brexit’s effects will be felt in Latin America

Britain’s June 23 vote to leave the European Union will have economic ripple effects that will hurt Latin America, but its potential political impact could be much more dangerous. Let’s start with the economic consequences of the Brexit, as Britain’s decision to leave the EU is now universally known. First, most economists agree that it […]

Unprecedented mainstream media criticism of central banking bodes ill for the larger economy

Unprecedented mainstream media criticism of central banking bodes ill for the larger economy

From The Daily Bell DoubleLine’s Gundlach says ‘central banks are losing control’ …  Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks.  –Reuters There is definitely considerable negativity about central banking […]

Cuba’s young people see little opportunity on island, want to leave

Cuba’s young people see little opportunity on island, want to leave

Miguel Hernandez kneels on the floor of his workspace at the Jose Marti Experimental Studio at the edge of the Avenida del Presidente, central Havana’s main tourist drag, spraying stencils of the Shell Oil logo onto his oil painting of an old-style diver. “The oils come from my study of art history, and the logos […]

The China Syndrome

The China Syndrome

By The Daily Bell Investors should focus on China’s economy, not stocks … there are some important reasons not to panic: China’s stock market reveals very little about the health of the country’s economy – it’s dominated by small savers who put more faith in speculative investing newsletters than economic fundamentals. – CNN Dominant Social […]