Why Norway Has More Electric Cars Than The U.S.
There was a recent documentary on this subject on CNBC, but they left out some very key points:
What Jim Bianco gets wrong about Bitcoin
I respect Jim Bianco a lot, and he has been correct on the no landing/soft landing economy, where many macro analysts have been incorrectly bearish. However, in a recent appearance on Real Vision’s Daily Briefing, he made some points about Bitcoin, that seem demonstrably false. I’m not a Bitcoin fan, I believe there are serious…Read More
China’s Financial Crisis Is Not Over
With the wars in Ukraine and Gaza, and attacks on shipping from Houthi rebels garnering the majority of the mainstream press coverage, China’s real estate and debt crisis are possibly not getting the attention it deserves. The recent bankruptcy of Evergrande is evidence of this, and whether overseas creditors get any compensation could further exacerbate…Read More
No Credit Creation for Land Asset Purchases
One of the biggest criticisms of capitalism and the free market has been the increased unaffordability of housing in particular, but land assets in general, as farmers now are often unable to afford the cost of owning land and farming on it. This is often blamed on capitalism when it is really a result of…Read More
Potential Australia Tax Rates for 2024-25
The Prime Minister of Australia recently hinted that they will be rolling back the stage 3 tax cuts slated for 2024-25. In this interview, Mark Bouris makes the astute point that it would be better to cut income tax and shift it to a high GST rate. This would make income tax fraud less lucrative,…Read More
What is the future of energy prices?
A recent theme in the markets has been that of inflation and increasing energy prices. This has been due to several confluencing factors: However, in a recent talk on Thoughtful Money, Doomberg laid out the argument that there is abundant oil still remaining, and technology has allowed the use of Natural Gas Liquids (not to…Read More
Is the BTFP interest rate too low?
In a recent talk, Jeff Snider of Eurodollar University explained that banks are now using the Fed’s new Bank Term Funding Program to arbitrage between that interest rate and IOER. IOER (now the same as IORB) as of the 8th of January 2023 is 5.4%, and along with RRP is designed to put a floor…Read More
How To Really Solve Housing In Australia And Other Developed Nations
A few news organizations recently reported on a short video that an influencer posted about the brewing housing crisis in Australia. It situation has been mirrored in many other developed nations like the UK, Canada, and New Zealand. Even the United States in major metropolitan areas, though the abundance of land, natural resources, and fixed-rate…Read More
The US Dollar And Kindleberger’s Conditions For Losing Reserve Currency Status
Brent Johnson was recently interviewed by Longview Economics about his position on the USD, and why the doom and gloom surrounding the USD may be overstated: The host brought up Charles Kindleberger’s seven conditions for losing reserve currency status, and it does seem that there are a lot fewer than he purports: 1. Over Indebtedness…Read More
Why Ray Dalio Is (Still) Wrong About The USA And China
Ray Dalio recently published a shorter, 5-minute version of his “Changing World Order” talk on YouTube. While there is a great deal of truth and historical analysis in his work, he does seem to have a bias towards being positive of China’s future and negative of the United States. He also conveniently ignores the exceptions,…Read More