Author Archive: Michael Kendall
Michael Kendall
July 4, 2016
First, conventional wisdom floats “secular stagnation” and the “end of growth” as the policy failure excuse du jour. Quite the “conundrum”. Now to add insult to injury, Peggy Noonan informs us that we have entered the age of the end of…
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Michael Kendall
July 1, 2016
An individual with a non-chronic medical issue sees a doctor and the doctor prescribes a pill. This relieves the symptoms temporarily and the patient feels better. The patient continues to take the prescribed pill. Over time the continuous dosage of…
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Michael Kendall
June 27, 2016
Understanding Gold 1 There is an interesting paradox to gold. Virtually everyone on the planet inherently understands gold and recognizes its monetary value. There is nowhere on the planet where this is not true. From the deepest jungles, remote areas…
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Michael Kendall
June 23, 2016
Thomas Carlyle, a Scottish philosopher and historian, termed economics “the dismal science” in the 19th century. Regardless of Carlyle’s reason for originating the phrase, today’s economics profession ensures that economics remains true to Carlyle’s sentiment. In an era of abundance,…
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Michael Kendall
June 16, 2016
Much less, care what they say The privately held Federal Reserve Bank Chair is a household name as recognizable as the most senior elected officials occupying positions of extreme power in the federal government. Markets soar and swoon on a…
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Michael Kendall
June 9, 2016
The dollar is the world’s reserve currency. Estimates are that 2/3rd of dollars in circulation are held outside the U.S. There are 7.4 billion people on the planet, and one way or another in our connected, quantum world, management of…
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