With all the talk about the Great Depression over the course of the last five years, I thought it would be worthwhile to get an opinion on what caused the first one.
[Read more...]Echoes From The Great Depression: Occupiers From Another Age
December 14, 2011 By Leave a Comment
With all the talk about the Great Depression over the course of the last five years, I thought it would be worthwhile to get an opinion on what caused the first one.
[Read more...]Ron Paul: “This QE Stuff Doesn’t Work”
November 3, 2011 By Leave a Comment
If he isn’t Ben Bernanke’s worst nightmare, I don’t know who is. Here’s another great clip by Presidential-candidate Ron Paul on the role of the Federal Reserve.
[Read more...]Bernanke’s Plot to Overthrow the US Dollar
September 30, 2011 By Leave a Comment
Where’s the Bastille…?
The Dow got a boost yesterday — up 143 points.
Gold remained where it was — about $1,617.
Dear Readers know what we think.
The Great Correction has a lot of work to do — there are so many things that need correction. And it will take time to do it. Meanwhile, your goal as an investor is to lose less money than everyone else. He who loses least wins!
[Read more...]Ode to Financial Cartographers
September 20, 2011 By Leave a Comment
But when the melancholy fit shall fall
Sudden from heaven like a weeping cloud,
That fosters the droop-headed flowers all,
And hides the green hill in an April shroud;
Then glut thy sorrow on a morning rose…
Ivy League Idiocy
August 12, 2011 By Leave a Comment
What a ride! Yesterday’s market action makes four consecutive 400+ point daily swings for the Dow, the first time in history the index has registered such extreme behavior.
The VIX Index – sometimes referred to as Wall Street’s “Fear Gauge” – has more than doubled in the past month, from a reading of less than 20 to over 40 this week. That’s a lot of fear, a lot of uncertainty and a lot of upset stomachs…all things not usually associated with “recoveries.”
[Read more...]Long Lost Lovers
August 11, 2011 By Leave a Comment
Whoa! Another severe drop in the markets yesterday. The Dow ended the session down 4.6%, plunging through the 11,000-point mark along the way. The S&P 500 and the Nasdaq chartered a similar course, off 4.4 and 4.2% respectively. Both have lost more than 10% for the year. The Dow, too, has erased all gains earned over the past twelve months.
[Read more...]The Chairman of the Federal Reserve is Clueless
August 10, 2011 By Leave a Comment
When it came to financial failure, there was no one in Washington – or on earth – who had masterminded more disastrous policies or produced more erroneous forecasts than Federal Reserve Chairman Ben Bernanke. Had he been an imperial soothsayer in a medieval court he would have lost his head or, at best, he’d be rotting in a dungeon.
[Read more...]
How Ben Bernanke Rationalizes “Exceptionally Low” Interest Rates
Anything happen in the markets yesterday? To tell the truth, we forgot to check. Let’s have a look now, then…
Dow up by 80-something points. A barrel of the world’s currently-preferred energy sits pretty at $100, on the nose. Nothing much, in other words.
Ooh…but here’s something: “Gold extends post-Fed rally to 6-week high.” MarketWatch has the story…
[Read more...]