Once the Southern states accepted the Thirteenth Amendment, Lincoln was entirely content for the old Southern elites to resume their positions of power and for many blacks to continue in a condition little better than bondage. Original Article: “Lincoln’s Main Target Was “Anarchy” and ...
Federal Reserve data shows $98 billion of deposits left the banking system in the week after the Silicon Valley Bank collapse. Most of the money went to money-market funds, as the Bloomberg data shows that assets in this class rose by $121 billion ...
The Argentine peso has lost half its value in one year. Both the official and parallel exchange rates with the US dollar and the Mexican peso have doubled in one year. Consumer prices have doubled in one year. The quantity ...
[Originally from Joseph R. Peden and Fred R. Glahe, eds., The American Family and the State (San Francisco: Pacific Research Institute, 1986).] While the “Progressive Era” used to be narrowly designated as the period 1900–1914, historians now realize that the period is really ...
Bank reserves are seldom mentioned except in cases of bank runs. The other possible mention is all the interest money the Fed pays to banks simply for holding reserves. Mark explains the role of bank reserves in the current “system” ...
The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than a hundred years. Original Article: “A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises” ...
In the previous edition of the technical note, it was mentioned about the persistently low levels of INDIAVIX, the volatility gauge, and how it can leave the markets vulnerable to profit-taking bouts. The week that went by saw the first ...
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the broader markets to determine where we may be headed over the near term. She also explores the bottom fishing taking place among former leaders that have sold off sharply ...
While the S&P 500 struggles to push beyond its overhead resistance in the area around 4200, money is rotating out of offensive sectors into defensive AND sensitive. On the weekly chart, two trading ranges are starting to emerge. The first ...
Austrian economics is defined by its adherence to the a priori methodology, not empiricism. That places it at odds with mainstream economics, which stresses the methodology of positivism. Original Article: “Austrian Economists and Empiricism” ...