Excessive leverage and risk in the financial system, e.g., using customer funds to speculate, never ends well. Stock market crashes, bank and investment firm failures or economic recessions are all potential consequences. Following the failure of the United States to regulate over the counter (OTC) derivatives...
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Hera
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Ron Hera
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Fri, Nov 16 2012
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Filed under: Federal reserve, CPI, deflation, inflation, GDP, IMF, Great Depression, CDS, unemployment, debt monetization, too big to fail, International Monetary Fund, Gross Domestic Product, Consumer Price Index, MBS, mortgage backed securities, over the counter derivatives, European Central Bank, ECB, Baltic Dry Index, sovereign default, bank failure, credit default swaps, BDI, monetary policy, OMT, recession, stock market crash, liquidity, QE3, quantitative easing III, systemic collapse, outright monetary transactions, market intervention, stagflation, tax increases, austerity measures, savings, U.S. Treasury, bank credit, stagnation, economic opportunity, Federal Reserve Chairman Ben Bernanke, instability, entrepreneurship, public funds, jobs, financial crisis, operation twist, bond yields, living standards, financial repression, Carmen M. Reinhart, OTC derivatives. Glass-Steagall Act, interest rates, net loss, middle class, consumer incomes, innovation, economic recovery
The Hera Research Newsletter ( HRN ) is pleased to present the following exclusive interview with Eric Sprott, Chairman, Chief Executive Officer and Chief Investment Officer of Sprott Asset Management LP and Chairman and CEO of Sprott Money, Ltd. With over 35 years of experience in the investment industry...
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Hera
by
Ron Hera
on
Mon, Oct 18 2010
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Filed under: Federal reserve, US dollar, inflation, GDP, USDX, Gold, US economy, Hyperinflation, Federal Budget, unemployment, silver, FOMC, Treasuries
Labor Economics #3 - The Minimum Wage by Alex Merced One of the most sancrosanct bastions of Labor laws is the minimum wage, and if you want to go beyond this article in learning about it listen to Roger Garrisons lecture on topic from Mises U 2010 . Essentially what I want to demostrate through a brief...
The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
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Hera
by
Ron Hera
on
Mon, Jul 19 2010
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Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy
Regulating Enterprise by Alex Merced Time and time again we hear in the news that we need stronger regulation on Oil, Housing, and Banking to prevent all the problems we've seen over the last few years. Today, I'd like to make the argument that the problems with all three of these sectors has...
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AlexMerced
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Alex Merced
on
Wed, Jun 30 2010
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Filed under: Subsidies, Moral Hazard, Risk, Taxes, Federal Reserve, SIPC, FDIC, Liability, Fannie, Oil, Central Banks, Unemployment, Freddie, Real Estate, Housing, Enterprise
One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit...
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Hera
by
Ron Hera
on
Wed, Jun 2 2010
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Filed under: US dollar, deflation, debt, inflation, GDP, M3, Hyperinflation, Ponzi scheme, unemployment, mortgage delinquencies and foreclosures, U-6
Saving the Needy or Creating the Needy? By Monty Pelerin , posted December 23rd, 2009 http://www.economicnoise.com/2009/12/23/saving-the-needy-or-creating-the-needy/ When a graph like the following develops, one has mixed emotions: On the one hand, there is the obvious sorrow and empathy for the less...
How can they extend the benefits when they have no money? Eventually these people getting unemployment are going to have to get off their ass and take a job that they may think is "beneath them".Getting unemployment for 99 weeks is MORE than enough time to find a job, even if it's a crappy...
My month-plus-long search for job stability turned onto the final 100m today. For over the past month I have been seeking a full-time position. Finding nothing, I turned to temporary work at a local staffing agency and easily found temp. work. The work wasn't hard and I made enough to pay for the...
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Apropos Austrian Aphorisms
by
thedo
on
Wed, Sep 10 2008
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Filed under: taxes, john mccain, ludwig von mises, job creation, henry hazlitt, unions, unemployment, minimum wage, capital reinvestment, barack obama