Monthly Archives: March 2022

#CKStrong Money illusion is an economic theory positing that people have a tendency to view their wealth and income in nominal dollar terms, rather than in real terms. In other words, it is assumed that people do not take into account the level of inflation in an economy, wrongly believing … Continue reading →

#CKStrong Try discussing these ideas with someone who thinks the earth is only 6,000 years old.  Four in 10 Americans believe God created the Earth and anatomically modern humans, less than 10,000 years ago, according to a new Gallup poll. … Continue reading →

#CKStrong Britain’s statistics office rejigged the basket of goods that make up its consumer-price index. Out go men’s suits (because of remote working), single doughnuts (people now scoff them in packs, presumably because of remote working and probably why men … Continue reading →

#CKStrong Have Central Banks Reached The  Debasement Tipping Point?  It’s almost impossible to see how the central banks will climb down from the extraordinary heights they have taken their balance sheets over the past 15 years.  The trillions of base … Continue reading →

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#CKStrong Excellent synopsis.

#CKStrong Crude oil prices are back down to where they were on Valentine’s Day, more than a week before the invasion of Ukraine.  It’s still early in the crisis so beware of complacency.   Futures traders/speculators, who drive short-term commodity prices … Continue reading →

#CKStrong See our post, Straight Flush: The Taiwan Straight Beats The Straight Of Hormuz, for some context.  ..the reliance on TSMC [Tawain Semiconductor] is the core concern: an invasion of the island by China would leave the world’s most advanced … Continue reading →

#CKStrong The 1970s Inflation Is Back – But Not Officially In 1983, the Bureau of Labor Statistics (BLS) made a change to an integral component of inflation indexes. The adoption of owners’ equivalent rent (OER) to estimate shelter costs meant … Continue reading →

#CKStrong As a child, I had many encounters with Russian soldiers when they occupied Hungary in 1945. I learned that they would share their last piece of bread with you if you appealed to them. Later, at the beginning of … Continue reading →