Rumors are always circulating about economic collapse. How the stoic philosopher Seneca would handle these predictions of calamity. Photo by J.D. Stein In this episode you'll learn: How much cash and coins are there in circulation.How much private debt is outstanding and how has it grown over time.Is a credit collapse inevitable.A stoical view of wealth and risk.Five wealth lessons from Seneca the Younger Show Notes Bill Bonner Letters From A Stoic by Seneca To Big Too … [Read more...]
63: Alarmists and the Economics of Collapse
Why economic alarmists are dangerous, and what has to happen for the financial system or economy to collapse. Photo by Justin Kern In this episode you'll learn: What is an alarmist.What is confirmation bias.What is the velocity of money what influences it.What are purchasing manager indices (PMI) and how do they correlate to the direction of the economy.What is the cyclically adjusted price-to-earnings (CAPE) ratio and how long has it taken for markets sell-offs to … [Read more...]