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Profits of Chaos

Austrian Economics, Investing and Entrepreneurship. With Professor Peter St Onge. If you haven’t yet, sign up for free updates here.

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piano-cycleThe past few years bond returns have been pathetically low, while stocks have been on a rip.

As this boom gets old, prudent investors face a difficult decision: if you want to taper out of stocks, where do you go?

The usual suspects all have their own problems. Commodities are on a strong down-draft, and you don’t “catch a falling knife” as they say on Wall Street.

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Had a great chat with Jeff Berwick of the Dollar Vigilante last week. Jeff’s a passionate anarchist, leads an interesting life, and has really interesting ideas.

I’ll be at Jeff’s Anarchapulco conference in February, 2015. So if you’re looking for a good reason to get to Acapulco in February, this is the one.

Jeff interviews Peter St Onge, topics include: Austrian vs Keynesian economics, Paul Krugman, the coming recession, is Japan really in bad shape?, Abe vs the Bank of Japan, entrepreneurship, getting better at business, the internet brings opportunity, its never been easier to start a business, Anarchapulco!

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Notation_financière_des_Etats_européens_par_Standard_&_Poor's.svgGeorge Soros is at it again, lecturing poor Europe with his economic musings.

In an op-ed  on monetary policy in Britain’s lefty Guardian, Soros claims that European countries are in trouble because they accepted a currency they cannot control. Soros misses that Europe’s “crisis” is no more than politicians kicking and screaming for more vote-buying loot. It is, in other words, the “Nixon Shock” with an accent.  [click to continue…]

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[Today’s post is excerpted from the October Austrian Investment Monthly newsletter. Now available for free download at St Onge Research]

Wine a confirmation of gold indicator

Is gold weakness getting confirmation. Or is that just the wine talking?

A key element in Austrian economics is that fluctuations in valuations can give us a lot of information about what’s happening “under the hood” of an economy. This month we’ll take a look at the market for fine wines as economic indicator.

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Suspicious_fbbb44_1219122One refrain we hear from cynics is that investing in the stockmarket is a scam.

That we are idiots for thinking the market goes up forever when, everybody knows, “what goes up must come down.”

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