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July Market Commentary “Is Convenience an acceptable Value for Society?" published. http://bit.ly/2oziHh2
Sure the #Dow closed above 25,000 for the first time ever, but priced in #gold the Dow is unchanged on the year. There is an excellent chance that 2018 will be the start of a major bear market in U.S. stocks priced in gold!
Friday, February 12, 2016
Law of demand and panic buying
Given that people only prefer to purchase more of a good at a lower price, how does Austrian Economics explain panic buying when prices go up and people buy more?