powell’s-“put”:-out-of-money-&-time

Powell’s “Put”: Out Of Money & Time

Powell’s “Put”: Out Of Money & Time Authored by Michael Pento via PentoPort.com, Despite all the fanfare and cheerleading you hear in the MSFM, the recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation, and the…

twitter-and-truth-are-not-perfect-together

Twitter and truth are not perfect together

Op-ed views and opinions expressed are solely those of the author. Well, I’ve been banned from Twitter for violating their rules; truth is now “hate speech” or some other insanity.  “Truth is its own defense”, was a principle first set forth in Crown v Zenger (1735) when Andrew Hamilton successfully defended John Peter Zenger on…

understanding-the-basics-of-money-demand

Understanding the Basics of Money Demand

For simplicity and elegance, it’s hard to beat the equation of exchange. MV=PY. Money expenditures equal the dollar-value of output. With four easy-to-understand variables, we get a highly useful framework for interpreting monetary policy.  The equation of exchange is also readily modifiable into a testable theory. Assuming (1) stable velocity (V) and (2) non-monetary factors…