Commodities
Commodities … anything to do with raw materials or things (of, as a rule, little technical complexity) that are produced or bought and sold in bulk and the items of which are generally interchangeable. In this class belong e.g. oil, grain, ores etc.
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Politicians of all countries, recollect yourselves!
Dear politicians, there’s no alternative to forever turning our backs on nuclear energy and fast. Sure, the nuclear industry will protest vigorously and will see profits dwindle but they will survive without much problem – as opposed to many Japanese. It is but a question of time until another country will be hit as well…
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Economic Musings X: Legal Tender – Legal or Tender or What?
After World War II when the German Reichsmark was discredited and people were starving they would travel from their city to the local farms …
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Economic Fallacy II: Speculation is Harmful?
Apart from outright naval blockade or sieges there has probably been hardly another operation considered as deadly and therefore been at times revenged than what is deemed “profiteering” speculation. The idea to many is that speculation robs honest people of their livelihood. Alleged speculators have been tortured, hanged, disenfranchised, robbed, denigrated, banned, imprisoned, scandalised and…
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Do we see a gold bubble?
In times where within less than a generation humankind has seen several asset bubbles come and go (Japan’s real estate and stock market bubbles, the tiger states, the Dotcom bubble and now housing in the US, but equally e.g. in Spain and elsewhere plus one brewing in China and maybe one again in the US)…
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1929 and 2007: two crises, similar causes, similar effects?
There are by now probably hundreds of thousands of media articles and blog posts around the world that deal with the current economic crisis and many of which refer to the “Great Depression” of the 1930s as an aftermath of the stock market crash in 1929. Most mainstream media give room to opinionated articles and…
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