Outside in » Gold http://www.xenosystems.net Involvements with reality Thu, 05 Feb 2015 01:26:08 +0000 en-US hourly 1 http://wordpress.org/?v=4.1 Oil Pulse (II) http://www.xenosystems.net/oil-pulse-ii/ http://www.xenosystems.net/oil-pulse-ii/#comments Fri, 30 Jan 2015 13:39:44 +0000 http://www.xenosystems.net/?p=4572 Given two finite natural commodities, one a consumable energy resource undergoing accelerating absolute depletion, the other an indestructible precious metal, there can be no question about the fundamental trend of price divergence, surely? Except, apparently there can. Pure reason (or principled intuition) fails once again:

Oil01

The world seems determined to thrash us into empiricism.

(Via.)

If there is a trend, it shows up more persuasively in the erratic sequence of consistently-escalating negative oil price shocks.

ADDED: Patri Friedman helpfully points to Hotelling’s Rule.

]]> http://www.xenosystems.net/oil-pulse-ii/feed/ 31 Rhythmic Reality http://www.xenosystems.net/rhythmic-reality/ http://www.xenosystems.net/rhythmic-reality/#comments Wed, 10 Sep 2014 03:35:50 +0000 http://www.xenosystems.net/?p=3550 Read history through a real unit of account, and suddenly it emits hard information:

djia-19001

(Chart from azizonomics, via my favorite communist.)

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