Author: Frank Shostak, Mises.org It is widely believed that the resources that in normal times are used to generate economic prosperity are not used to their full capacity during recessions. Some experts argue that what is needed in such situations are policies that will increase the availability of credit …
More »The global financial and economic crisis of 2008 through the eyes of the Austrian School of Economics
Author: Kristiyan Korelov It has been more than a decade since one of the largest stock market panics in the United States occurred. Credit markets had completely stopped functioning (Gorton, 2008), and the situation was very similar to that of the panic of 1907, when banks were in massive need of liquidity and a huge part of …
More »15. How to invest in gold and silver? (with guest Dimo Stefanov)
Dear listeners, in the new episode of "The Intelligent Investor" our guest is Dimo Stefanov, Chief Dealer at Tavex Gold & Exchange, which are the largest (and in our opinion the best) gold and silver dealers in Bulgaria. Dimo is the best gold and silver investing expert we know, so his advice …
More »10 years after Lehman Brothers, the bill for the crisis is still unpaid
The world put out the fire with debt that will sooner or later have to be paid. On September 15, 2008, the United States woke up to the bankruptcy of its fourth largest investment bank, Lehman Brothers. With assets of $639 billion (at least on the balance sheet) and $619 billion in debt, it was the largest bankruptcy …
More »On public spending and business cycles
Yesterday the government announced its intention to increase the salary levels in the state administration by 10%. The measure is expected to come into effect from January 1, 2019, and according to initial estimates it will cost all of us taxpayers between 800 million and 1.1 billion leva. This is certainly great news…
More »Ep. 5: Principles of Investment Diversification
0:15 – What will we talk about in this episode? 1:15 – Overview of the presentation of the EKIP Virtual Pension Fund 8:30 – Questions and answers (feedback) from the audience 21:30 – Financial and investment news from Bulgaria 48:55 – Macro and Markets (international news) 60:25 – Fintech news 68:50 – Basic …
More »How did "Black Monday" in 1987 come about?
A week ago, it was exactly 30 years since one of the biggest one-day crashes in financial markets in human history – the so-called "Black Monday". On October 19, 1987, stock exchanges around the world lost a huge percentage of their capitalization in just a few hours. By the end of the month, the markets …
More »The China Crisis: The Business Cycle in Real Estate and Capital Markets
In recent months, the state of the Chinese economy has been one of the most discussed topics in the business media. The bursting of the Chinese stock market bubble was one of the most discussed news stories this year, along with the decision of the Chinese central bank to cut interest rates to record lows. It seems that the Chinese economy …
More »10 things inflation is to blame for
Andreas Marquardt Inflation, defined as the expansion of the fiat money supply, is a primary evil whenever and wherever it occurs. It is the primary and most overlooked cause of many economic and social problems, including: 1. Inflation causes the economy to be cyclical An increase in the money supply, involving more lending, means that new …
More »The Ogre of Deflation*
Having barely emerged from recession, the European economy is showing negligible growth and, by all accounts, is on the verge of entering a deflationary spiral. A situation similar to that in Japan, which lost two decades of no economic progress. It is time for tough measures from the ECB, warn world-renowned financial analysts and …
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EKIP– Expert Club for Economics and Politics A Different Opinion