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Hot And Trending...
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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Dow Jones down 6% from its highs & falling fast. How much more will it fall before the Fed stops pretending the data supports a rate hike?
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Before any more money can be loaned to Puerto Rico, existing debt must be restructured, and largely repudiated.
- Most are no doubt hoping for the end of their terms as central bankers to come as quickly as possible. http://bit.ly/2vr6tsT
- UBS Says It's Time to 'Warm Up' to Gold @SchiffGold http://t.co/ZBtHRx7WS5
- If This Is a Recovery, We Don't Want to See the Next Downturn @SchiffGold http://t.co/p92k7yR23d
- November report "Is the Age of Democracy a passing Phase in the History of the West and the World?" published. http://bit.ly/2y4LJZQ
- Would you let your cat play with a 9 grand on a ball of yarn? http://bit.ly/2ArHoQ7
- Question: If the Fed is about to raise interest rates how will they prevent the stock market from crashing? Answer: By not raising rates!
Friday, February 26, 2016
ELI5 - Originary Interest
I'm listening to "Human Action" as an audio book on my commutes, and missed exactly what "originary interest" is. (Paying attention to driving, passengers, and Human Action can require a bit more focus than I can deliver on a consistent basis.) Can someone give me a quick explanation of originary interest? Feel free to dumb it down if that helps. I'll be listening to the chapter again, but I'd like to go back with a better understanding as it seems fairly important.