There is a myth in mainstream economics that stable prices are necessary for the economy. The idea of price stability became popular in the 1920s, during a period known as the Roaring Twenties.
The Great Inflation was a period of high inflation between 1965 and 1982. In 1980, year-over-year inflation reached nearly 14.5%. As a result of the high inflation, Federal Reserve chair Paul Volcker raised the target federal funds rate to 20%.
Stagflation is an economic phenomenon marked by high inflation and simultaneous high unemployment and stagnating economic growth. The term first came up in the 1960s to describe a novel phenomenon that Keynesian economists couldn’t explain at the time. Inflation is thought to stimulate economic growth and lower unemployment.
A recession is a significant decline in economic activity that is spread across the economy and lasts more than a few months. The most severe recession on record, which doesn’t meet the definition of a depression, was the Great Recession between 2007-2008 in the aftermath of the Global Financial Crisis.
With the ongoing war between Russia and Ukraine, many people are wondering how long the Russian economy can stay afloat. It’s been over three months since the beginning of the conflict.
The current world order is undoubtedly changing. It’s happening right in front of our eyes today. Timely, legendary investor and hedge fund manager Ray Dalio published a new book called “The Changing World Order: Why Nations Succeed or Fail”. Alongside the book, he released an animated video presentation summarizing key concepts of the book.
There has been growing concern about the sustainability of sovereign debt in the United States and around the world. While the United States has never directly defaulted on its debt, many people are wondering whether a US debt default might be on the horizon.
I’m currently immersing myself in literature about the Great Depression and reading Benjamin Roth’s “The Great Depression: A Diary”. It’s like reading the mind of an investor that lived through the Great D
The Everything Bubble is a term coined by Graham Summers who wrote a book with the same title.
There has been a lot of talk about the Great Reset in the the last few months. I thought I’d dive in and take a closer look at what the Great Reset is, what it means for the world we live in and how you can protect your freedo