Posts Tagged ‘von Mises’
Are We on the Verge of a Crack-Up Boom?
Stocks rallied and gold fell last week. At this point, I don’t view these developments as trend-changing, rather as counter-trend rallies. The Dow to Gold ratio continued to fall last week. As currency devaluation continues, this is an indicator that becomes more meaningful in my view. At its last meeting, the Federal Reserve…
Read MoreThe Recent Stock Bull Market – Real or Nominal?
The double top theory for stocks that I suggested at the end of 2021, is looking like the right call at this point. Stocks suffered their worst week since March of 2020 last week despite a 4-day trading week. As I have been suggesting here each week, when stock gains are largely…
Read MoreFifty Years of Fiat
An important anniversary is approaching this week. Although it won’t be widely observed or likely even mentioned, it’s the anniversary of the event that led to current economic and investing conditions. This coming Sunday, August 15 will mark 50 years since the US Dollar became a fiat currency. On August 15, 1971, President…
Read MoreCrack-Up Boom Coming
Have you ever heard of a ‘crack up boom’? You may want to get familiar with the term and what it means before you experience it. Let me state at the outset of this piece that I am biased, some might even say extremely biased. And they may be right. I am biased in the…
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