Sunday, May 8, 2016
In the news: Gold currency was devalued by fiat all the time, dumbasses
Some Sunday evening reading:
New Deal Demoncrat - weekly indicators. Negatives are now coincident and lagging, while leading indicators are now all positive.
WSJ RTE - cautious forecaster thinks there's a 60% chance of recession in the next year. That's a good time for this sort of article to come out - when leading indicators are all swinging into positive.
Moneyness - what makes medieval money different? Oh my! Those Murray Rothbard worshipping fruits are going to hate it when they find out that medieval kings were able to debase the money supply by decree, because there were no denominations on medieval coins! Ha! Is there anything gold can do?
BBC - China bans erotic banana-eating videos. And the BBC needed to run this story because all wars have ended and there is no more sadness or starvation anywhere. Because Jesus? No! Because Chinese girls eating bananas erotically!:
I, for one, welcome our new Chinese teenage girl banana-eating overlords.