The Problem with K-Waves
All those investigating cycles within the economy made a simple mistake. Kondratieff followed agriculture/commodity prices when agriculture accounted for 70% of the GDP pre-19th century. That only began to decline [...]
Welcome to the World of No Privacy
I have been buying ancient coins at public auction, probably since the 1970s. Now, you cannot buy anything anywhere without providing full identification of who you are. This is an email I got from another European auction house.
Dear customer,
With regards to our business relationship, and following the legal obligations of the Principality of Monaco, could you please send us :
– Your ID card, or the one of the legal representative of your company.
– The Certificate of Incorporation, or a legal document certifying the existence of your company.
– The statutes of your company.
Thank you for your understanding.
Remaining at your service.
Best regards.
Latest Posts
Commodities Trade Differently
All commodities, including gold, trade substantially differently than stocks or real estate. Pictured here is wheat back to 1200. Note that you see what appears to be a brain wave. [...]
Does an Increase in the Money Supply Lead to Inflation?
The old idea that inflation is created by an increase in money supply has distorted the minds of many people. Inflation is caused by numerous factors for it is not [...]
The Basics of Trading
The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a [...]
