Infographics
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February 08, 2016
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The Great Depression was the most severe economic depression ever experienced by the Western world.
It was during this troubled time that the world’s most famous case of deflation also happened. The resulting aftermath was so bad that economic policy since has been chiefly designed to prevent deflation at all costs.
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January 22, 2016
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For the first infographic in this series, which summarizes the circumstances leading up to hyperinflation in Germany in 1921-1924, it can be found here: Hyperinflation (Part 1 of 2)
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January 21, 2016
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Part 2 to this series, discussing the ultimate effects of hyperinflation on the German populous, and other intense cases of hyperinflation, can be found here: Hyperinflation (Part 2 of 2)
The Great War ended on the 11th hour of November 11th, 1918, when the signed armistice came into effect.
Though this peace would signal the end of the war, it would also help lead to a series of further destruction: this time the destruction of wealth and savings.
The world’s most famous hyperinflation event, which took place in Germany from 1921 and 1924, was a financial calamity that led millions of people to have their savings erased.
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January 11, 2016
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For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar.
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December 28, 2015
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For centuries, humans from all around the world have tried to use different things as money. Some forms, which most people are familiar with today, have been effective catalysts for trade over thousands of years. Other currencies, from squirrel pelts to parmesan cheese, have had their time or place in human history, but were ultimately unsuccessful or made obsolete.
The path to finding the best money has been long and riddled with trial and error. Here are just some of the world’s strangest currencies that we discovered in our research.
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December 18, 2015
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How much money exists in the world?
Strangely enough, there are multiple answers to this question, and the amount of money that exists changes depending on how we define it. The more abstract definition of money we use, the higher the number is.
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December 15, 2015
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At first glance, the concept of “money” seems extremely straightforward.
For example: the cost of a loaf of bread in New York City at a grocery store may be $3.50. We don’t think about it much, and we pull out our wallets to pay with cash or a credit card.
But money is actually more complex.
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December 15, 2015
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While a deeper look at money did raise many questions, there are at least some foundational truths that can be discerned about money.
For example, many economists and experts in the field agree that money must be a medium of exchange, a unit of account, and a store of value:
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December 14, 2015
In advance of the FED announcement, the TPM marketing team had some fun analyzing the type of data Janet Yellen and the FED really care about and a little more insight into how Yellen and her "elves" evaluate that data.
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July 08, 2015
It was reported yesterday that the US Mint has run out of silver coins. Some have interpreted this as an indication that the US Mint has run out of silver. That is false. The constraint is not a raw supply shortage, but a manufacturing bottleneck.
By no means does this exonerate the US Mint from culpability for their habitual "shortages".
The mint carries relatively little stock, and even in boom times annually produces only about 1 (one!) silver coin for every 9 people in the United States. (See attached infographic). Consider those numbers for a moment. The entire annual silver production from the US Mint can be purchased for ~$750M! (2014 statistics), which is a rounding error in the equity markets, let alone the bond markets.