The Velocity of Money The Federal Reserve and central banks in general are running a grand experiment on the economic body, without the benefit of anesthesia. They are testing the theories of Irving Fisher (representing the classical economists), John Keynes (the Keynesian school) Ludwig von Mises (the Austrian school), and…

An Insider’s View of the Real Estate Train Wreck By David Galland The Casey Report The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty…

…been recommending that you subscribe to David Bahnsen’s Dividend Café. The Dividend Café is a short daily summary combined with pithy market wisdom and commentary, plus one weekend thought piece which will make you a better investor. I suggest you try it out. I have written a white paper called…

…of his essays and subscribe to the free Daily Reckoning (be warned: Bill is quite bearish) by clicking on this link: http://www.dailyreckoning.com/rpt/mauldin.html. Tiffani and I will then be going to La Jolla September 15 to meet with my partners at Altegris, and meet some new potential associates. Right now, drinks…

How do You Spell Stagflation? I wrote this summer that it was likely that we would see inflation as reported in the Consumer Price Index rise dramatically in the fourth quarter. This is due to the very low year over year comparison numbers of last years fourth quarter. We got…

Seven Varieties of Deflation By Dr. A. Gary Shilling Inflation in the U.S. has historically been a wartime phenomenon, including not only shooting wars but also the Cold War and the War on Poverty. That’s when the federal government vastly overspends its income on top of a robust private economy—obviously…

…decide if you should subscribe.) And now to this morning’s report: Though it's likely there are lingering weather influences on this month's disappointing employment report, as there will be in coming months, it appears that the trend is also slowing. That conclusion is bolstered by the decline in our withholding…

…months for $150) and subscribe to Richard Russell’s Dow Theory Letters. He writes a daily commentary, as well a monthly print letter, and has been writing continuously for 44 years. If you really want to understand how the market works, read his current letter each day and then go back…

…At the very least, subscribe for free, and then when you find it to be as addictive as I do, pony up the $80. We should encourage talented people like Bari and her all-star team to give us balanced journalism. An obvious winner is Elon Musk. The loser is Rachel…

…records and may not subscribe to the same brand of conservatism as many Republican congressmen. There’s a degree of difference in ideology and a level of uncertainty that these measures don’t convey. Comparing the Trump and Reagan Administrations The above was a very rough quantitative look at Trump’s administration. To…