Monthly Archives: October 2014

‘Tis the season for corrections, and so we ask, how often do they occur historically?  To answer the question, we need to precisely define the the term “correction.”  If the stock market falls 20% in a straight line, most of … Continue reading →

In this piece, I’m going to share a few charts on the state of investment around the world. The data is taken from FRED, and shows the percentage change in trailing twelve month real gross fixed capital formation from 1Q … Continue reading →

In a previous piece, we examined the inner workings of a gold-based fractional-reserve free banking system–the monetary system that was roughly used in the United States for much of the 19th century and before.  The system works as follows.  Customers … Continue reading →