Broad Oak Magazine

All the shares of a single stock are valued at the price it last traded at. Sounds a little like how it used to work in the housing market. ...

Reading Jim from San Marcos' latest , it occurs to me that debt default looks like a seriously bad idea - cutting off your nose to spite...

Nobody has made economic depression and its consequences seem so inevitable and at the same time so colourful and even attractive, as Jim in...

A pattern is emerging. Jörg Guido Hülsmann, on the Mises site, says deflation does not ruin the economy as a whole, but destroys the parasi...

I comment on The Great Depression of 2006 : Once inflation gets going it'll be Alice in Wonderland, I think. Real wages have to come dow...

Karl Denninger is sounding absolutely dire warnings about the market (Dow 4,000) and the economy; recently Jim from San Marcos said Dow 2,00...

Thus Jim in San Marcos : This week, look for a serious drop in the DJIA of 4,000 to 6,000 points and the close of the stock market for a wee...

Jim in San Marcos envisages eventual interest rate rises worldwide, to 10-15%. Commenting on the preceding post, Nikolay disagrees and James...

The Fed may lower its funds rate in the short term, but Jim in San Marcos is predicting steep rises in worldwide interest rates and (therefo...

The Centre for Economics and Business Research reckons house prices will steady next year and shoot up for three years after that, thanks to...

Knowing that debt creates extra money and so boosts inflation, The Mogambo Guru notes that the Chinese now have 1.58 billion credit cards! ...

Some points from Denninger's latest (summary in my words): It's getting hot. The collapse of IndyMac may take 10% - 20% of the FDIC&...

Pace Nick Drew's comment on the previous post, Jim in San Marcos reckons there is indeed influential speculation in the oil market. But...

Some, like Don Boudreaux of Cafe Hayek , call the doomsters Chicken Little. Well, many Chicken Littles make a Chicken Big, and she's com...

Jim in San Marcos borrows and discusses a chart showing homeowners' equity. As residential property prices drop, more borrowers move int...

The Great Depression of 2006: Cash Only Jim in San Marcos explains that it's probably not the banks we need to worry about, but the fina...