Director | August 13, 2010
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” Ludwig von Mises Today […]
Director | January 23, 2009
Let’s begin our tour with a nice, long statistical analysis of recent economic indicators by David Chapman at SafeHaven. Chapman notes the frequent occurrence of the word “Depression” in recent writing about the global economy. Chapman believes it is not a Global Depression but might become one. At the moment, whether the world enters a […]
Director | January 13, 2009
From Mish’s Economic Blog, some global economic statistics: Hard Landing Summary UK Retailers Worst December In 14 Years UK home sales lowest since the measure began in 1978 UK interest rates lowest dating back to 1694 Germany exports saw their largest fall in November since reunification in 1990. New Zealand is in its first recession […]
Director | November 19, 2008
A lot has happened in the global economy during the past few weeks. NWOU offers a snapshot of how quickly things have changed in various economies around the world. The following paragraphs are taken from a more comprehensive article by Doug Noland, “The Only Cure for a Bubble” at http://www.safehaven.com/article-11838.htm November 10 – Bloomberg (Emma […]
