Archive for the 'Inflation' Category
The Simon/Ehrlich Bet
February 18th, 2010Paul Kedrosky wrote a blog post on his Infectious Greed site on the famous Simon/Ehrlich bet. Here is a snippet:
“After a decade of soaring commodity prices, plus related worries about resource scarcity, in 1980, Paul Ehrlich, a dour population ecologist, took up Julian Simon, a cornucopian economist, on a bet. Ehrlich (on paper) put equal […]
Rotating Devaluations
December 14th, 2009Some prescient thoughts from Andy Xie, courtesy of Barry Ritholz:
The bottom line is that, regardless of what central banks say and do, there will be a lot more money in the world after the crisis than before. After a debt bubble bursts, there are two effective ways to deleverage: (1) bankruptcy, or (2) inflation. Governments’ […]
Why Are You Sitting in Cash?
November 10th, 2009The Treasury Department and the Federal Reserve with help from Congress and the White House is making something very, very clear. They are going to devalue the American dollar through the printing of money, maintaining excessively low interest rates and out of control government spending.
If you are sitting on excess cash and that cash is […]
Who are they kidding?
May 15th, 2008The government reported on Wednesday that inflation was tame and lower than expected. The markets rallied on the news. But look into the numbers and one realizes that they are useful as Argentina’s or Venezuela’s inflation statistics.
Our esteemed government let us know that the price of gasoline fell 2% in April. While in the real […]
Rice Hoarding in the US
April 22nd, 2008Who would have thought that in the bread basket of the world they are hoarding rice?
NY Sun article about rice hoarding
I got this link from Jeff Matthews, whose blog entries I always read.