Precious Economics

Precious Metals:  Keep it Simple at Daily Gold.

From The Worldwide QI Quagmire at Testosterone Pit:  “ZIRP and QE have had another effect, one that is starting to be very costly: misallocation and subsequent destruction of capital.”  I’ll go further and say all intervention props up malinvestment.

Thus Fiat Money Kills Productivity at Azizonomics.

Meanwhile, Krugman publicly calls for help and unity in the quest to debase to prosperity:  Business Insider.

Econonic Data Has Not Been Very GoodRitholtz.  World GDP chart:  Ritholtz.