Money and Finance
What to expect when Warren Buffett releases his annual letter to shareholders [H/T Linc] (LINK)
Jonathan Tepper appeared on 60 Minutes Australia, predicting Australian property values to fall by 30 to 50 percent (LINK)
Matt Ridley on EconTalk discussing The Evolution of Everything (LINK)
Inside Mark Zuckerberg’s Big Bet That Facebook Can Make VR Social (LINK)
Meb Faber's Portfolio Allocation for 2016 (LINK)
Hussman Weekly Market Comment: Speculative Half-Cycles Tend To Be Completed Badly (LINK)
Book of the day: The Power of Story
- Links
National Archives Opens Financial Crisis Inquiry Commission Records [H/T Linc] (LINK) Prem Watsa's 2015 letter to shareholders [H/T ValueWalk] (LINK) Chuck Feeney, Bill Gates' and Warren Buffett’s hero, honored by Ireland Fund [H/T Linc] (LINK)...
- Links
Lee Kuan Yew: The wise man of the East (LINK) Related book: From Third World to First: The Singapore Story - 1965-2000"60 Minutes" had three interesting segments last night, including one with Neil deGrasse Tyson (video) (LINK) Philosophical Economics:...
- Links
FT interview with Google co-founder and CEO Larry Page (LINK) Related books: How Google Works, In The Plex Henry Blodget sits down with Clay Christensen (LINK) Related books: HEREHussman Weekly Market Comment: Losing Velocity: QE and the Massive Speculative...
- Hussman Weekly Market Comment: Increasingly Immediate Impulses To Buy The Dip (or, How To Blow A Bubble)
This particular excerpt is probably more true this morning: That said, we certainly view the present gold/XAU ratio over 12.5 as indicative of a significant margin for error – looking over a horizon of several years – even in the event of...
- Hussman Funds Semi-annual Report
The U.S. economy appears suspended at the boundary between tepid growth and recession, requiring a trillion-dollar federal deficit and unprecedented monetary easing simply to maintain that position. The Federal Reserve continues a well-known and fully-announced...
Money and Finance
Links
What to expect when Warren Buffett releases his annual letter to shareholders [H/T Linc] (LINK)
Jonathan Tepper appeared on 60 Minutes Australia, predicting Australian property values to fall by 30 to 50 percent (LINK)
Matt Ridley on EconTalk discussing The Evolution of Everything (LINK)
Inside Mark Zuckerberg’s Big Bet That Facebook Can Make VR Social (LINK)
Meb Faber's Portfolio Allocation for 2016 (LINK)
Hussman Weekly Market Comment: Speculative Half-Cycles Tend To Be Completed Badly (LINK)
In any event, there are currently a number of problems with the cries of an addicted Wall Street for negative interest rates from the Fed. The first, as Janet Yellen acknowledged to Congress in recent weeks, is that the Fed has “not fully investigated” the question of whether it actually has the legal authority to charge interest on reserves held by the banking system. Second, the monetary base can take two forms: currency and bank reserves, and as long as individuals can deposit and withdraw cash from banks, those two forms are freely convertible. As a result, we now observe increasing calls from monetary interventionists to eliminate currency (or at least high-denomination bills that represent the bulk of currency outstanding). This is presumably on the argument that currency is used for “crime,” but the main goal is so negative interest rates can be imposed without cash withdrawals by depositors hoping to avoid them.
Also, while depressed food and energy prices have held year-over-year CPI inflation to 1.34%, year-over-year core inflation increased to 2.22% in January. That, combined with evidence of rising wages and a relatively low unemployment rate, is likely to be enough to dissuade any shift to ZIRP in the near future.
Edge #459: The Genomic Ancient DNA Revolution - A Conversation With David Reich (LINK)
What is CRISPR? (video) (LINK)
What is CRISPR? (video) (LINK)
Book of the day: The Power of Story
- Links
National Archives Opens Financial Crisis Inquiry Commission Records [H/T Linc] (LINK) Prem Watsa's 2015 letter to shareholders [H/T ValueWalk] (LINK) Chuck Feeney, Bill Gates' and Warren Buffett’s hero, honored by Ireland Fund [H/T Linc] (LINK)...
- Links
Lee Kuan Yew: The wise man of the East (LINK) Related book: From Third World to First: The Singapore Story - 1965-2000"60 Minutes" had three interesting segments last night, including one with Neil deGrasse Tyson (video) (LINK) Philosophical Economics:...
- Links
FT interview with Google co-founder and CEO Larry Page (LINK) Related books: How Google Works, In The Plex Henry Blodget sits down with Clay Christensen (LINK) Related books: HEREHussman Weekly Market Comment: Losing Velocity: QE and the Massive Speculative...
- Hussman Weekly Market Comment: Increasingly Immediate Impulses To Buy The Dip (or, How To Blow A Bubble)
This particular excerpt is probably more true this morning: That said, we certainly view the present gold/XAU ratio over 12.5 as indicative of a significant margin for error – looking over a horizon of several years – even in the event of...
- Hussman Funds Semi-annual Report
The U.S. economy appears suspended at the boundary between tepid growth and recession, requiring a trillion-dollar federal deficit and unprecedented monetary easing simply to maintain that position. The Federal Reserve continues a well-known and fully-announced...