Global Market Commentary, Analysis and Investments
I was surprised when Mike Burk of Alpha Investment Management wrote that “Some of the NYSE breadth indicators look pretty good, but that is from strength in fixed income which makes up about half of the issues traded on the NYSE. Fixed income looks like a bubble.?
Well, being an admittedly stupid guy who just wants effortless and instantaneous satisfaction of every desire, I am, as such, not really into the “nuts and bolts? of things.
[Read more...]Most of the time, I am so freaked out that I spend most of the day in the Mogambo Bunker Of Paralyzing Fear (MBOPF), scared out of my mind at catastrophic ramifications of the economic stupidities that are being foisted upon us, like, for instance, increasing taxes in a recession! Gaaahhhhhh!
And then people ask mem, “Why are you screaming your head off in fear, you irritating little moron?? Naturally, I answer, with a voice tinged in scorn and loathing, “Because taxes are being raised in a recession, and so screaming in fear and outrage is the only appropriate public response, while buying gold, silver and oil is the only appropriate private response. So, ha! Who's the moron NOW, you moron??
[Read more...]Most of the time, I am so freaked out that I spend most of the day in the Mogambo Bunker Of Paralyzing Fear (MBOPF), scared out of my mind at catastrophic ramifications of the economic stupidities that are being foisted upon us, like, for instance, increasing taxes in a recession! Gaaahhhhhh!
And then people ask me, “Why are you screaming your head off in fear, you irritating little moron?? Naturally, I answer, with a voice tinged in scorn and loathing, “Because taxes are being raised in a recession, and so screaming in fear and outrage is the only appropriate public response, while buying gold, silver and oil is the only appropriate private response. So, ha! Who's the moron NOW, you moron??
[Read more...]There was an editorial power struggle at Mogambo News Service over whether it was Big, Big News (BBN) or if it was Big Freaking News (BFN), or even if it was The Biggest Freaking News Of Your Life (TBFNOYL) that China has, officially through the People's Bank of China, said that they have “seen the light? as concerns gold, and they see how gold is the only true money, and how worthless paper monies and computer blip monies are the Wrong Way To Go (WWTO), as evidenced by the Chinese merely looking at us Americans and what happened! Hahaha!
[Read more...]I know, alas, that there is nothing that can be done to prevent unimaginable suffering and the collapse of the economy, now that the Federal Reserve has created so much excess money and credit, and, to make matters infinitely worse, are still doing it, more than ever!
The exclamation point at the end of the sentence indicates that I still register surprise at the sheer stupidity and insanity of it all; the Federal Reserve has to create more money to be used to buy up the trillions and trillions and trillions of dollars in a for-the-rest-of-your-life tsunami of new federal government borrowing and spending.
[Read more...]I knew that something was amiss when I woke up and the house was quiet. Having the benefit of seeing a lot of movies where things were too quiet, I instantly knew that things being too quiet! meant that Indians were going to be attacking, or the Japanese attacking, or the Germans attacking, sometimes government goons rushing the place, or zombies, or the police. I dunno who, but you get the point.
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Investing in Gold When Governments Take Action
I was kind of amused at the CNBC headline that read “Welfare State: Handouts Make Up One-Third of US Wages,” as if this is something new.
I mean, where have these CNBC weenies been the past decade?
Well, their complete cluelessness was immediately evident when they started out with the phrase, “Even as the economy has recovered,” which makes me laugh and laugh and laugh, and then I try to stop laughing because my stomach hurts from all that laughing, and then I get grumpy and fussy because my stomach hurts, and I put the blame squarely where it belongs; with the clueless CNBC saying, “even as the economy has recovered,” which still makes me want to laugh at its utter stupidity, and I would laugh, too, if my stomach didn’t hurt so much.
[Read more...]