Fekete Research
In this section you will find prior editions of ‘Course of The Exchange,’ as well as less academically inclined pieces concerning the practice of marginal utility.
The Course of The Exchange is a quarterly supplement to patrons of the Gold Basis Service. This supplement relates to general observations across all asset classes from a Mengerian perspective.
The Course of The Exchange: prior editions
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Third Quarter 2012
Bailouts; returns & interest rates -
Second Quarter 2012
The concept of transaction. -
First Quarter 2012
The real bill; fallacy of debt monetisation. -
Fourth Quarter 2011
Currencies, bonds & stocks - the outlook for 2012. -
Third Quarter 2011
The process of bond monetisation examined. -
Second Quarter 2011
The fall of silver, illicit interest rate arbitrage and the Treasury market. -
First Quarter 2011
Interest rates, inflation and deflation. -
Fourth Quarter 2010
Year in review. -
Third Quarter 2010
Gold equities and the currency markets. -
Second Quarter 2010
Applications of the reverse discount. -
First Quarter 2010
Arbitrage in equities and the reverse discount.
Popular economics
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The Struggles
Why do we get confused between an idea...and the object used to represent the idea? -
Who said the hydra would take it lying down? Prof. A. E. Fekete
Gold backwardation cannot be contained - what does it all mean? -
Investment and Retail Banking
Should the two be split? -
Positivism and The Quantity Theory of Money
Is positivism and the related objectivism flawed? -
The Gold Price?
Does such a concept mean anything? -
Why monitor the bases?
Are the bases just an esoteric measurement? -
The Credit Default Swap Market
An examination into the integrity of the credit default swap market -
Currency & Marginal Utility
What determines a currency’s relative value? -
Platinum and Gold
Are these two metals really that similar? -
The Validity of Bimetallism
Is Bimetallism a valid monetary system? -
The Problem with Economics
Does the subject of economics have any axioms?