| 06/06/2007 - The Subprime Mortgage "Crisis" Will Fix Itself |
| by Steve Berger "Legislators presiding over the subprime crisis hearings should look in the mirror and pose a few hard questions before assigning all blame to 'predatory' lenders and mortgage brokers." |
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| 06/04/2007 - Are We Living in Bizarro World? |
| by Paul Airasian "If you went to Wall Street and left a gold coin on one side of the sidewalk and a regular coin on the other side, I'm sure you’d find that even gold-averse stock brokers would decide to pick up the gold coin first." |
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| 06/01/2007 - How the Government Creates Jobs |
| by Richard Benson "Our government 'prints up jobs out of thin air' the same way the Federal Reserve prints up money. To manufacture jobs, The Bureau of Labor Statistics uses their very own Net Birth/Death computer model." |
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| 05/30/2007 - The Giant Gas-Gouging Gaffe |
| by Robert P. Murphy "If all it takes is a stroke of the pen for Congress to magically lower gas prices back to 'conscionable' levels...Why not make it a crime to charge 'moderate' prices too, so that we're left with very cheap gasoline?" |
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| 05/28/2007 - The Complacent Consumer |
| by Andy Sutton "No doubt, consumerism has already been responsible for a number of coming financial debacles, most notably the housing collapse, the negative savings rate in this country, record levels of debt, and rising bankruptcies." |
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| 05/25/2007 - Eau de Liquidity |
| by Michael Panzner "Some of the dangers emanating from the vast expansion in securitized lending derive from the incentives inherent to the current structure." |
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| 05/23/2007 - Make That a Cheap Money Bubble To Go |
| by Adrian Ash "Tied to the Dollar, the Chinese Yuan fails to reflect China's surging economy – or so goes the theory. Either way, China's super-low interest rates remain well below inflation." |
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| 05/21/2007 - The Market Function of Piracy |
| by Jerry Kirkpatrick "Imitation is a normal part of the competitive process in growth markets. As the sales of an innovative new product take off, competitors enter the market with their own, often cheaper, versions." |
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| 05/17/2007 - The Dark Side of the Credit Boom |
| by Thorsten Polleit "Sooner or later...the boom is going to show its dark side. The gap between the credit and money induced increase in demand for and supply of resources becomes obvious." |
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| 05/10/2007 - Blowing Green Smoke |
| by James Howard Kunstler "I'm fond of saying that if America could harness the power it wastes blowing smoke up its own butt, we could magically escape our energy-and-climate-change predicament." |
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| 05/08/2007 - Inflation and Metals |
| by Puru Saxena "In an ideal world with a stable monetary base (zero monetary inflation), prices of almost everything (with a few exceptions) would be in decline. That would be a sign of real economic progress..." |
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| 05/01/2007 - Gold Stocks in a Rising Gold Market |
| by Doug Casey "Thanks in no small part to the incessant meddling by U.S. regulators, London's AIM is increasingly becoming the 'go to' market for resource companies..." |
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| 04/27/2007 - Dollar Myths |
| by Axel Merk "What a weaker dollar may do is provide temporary relief. But unless the U.S. turns into a society of savers and investors, a weaker dollar will only be a pause to an even weaker dollar as imbalances are built up yet again." |
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| 04/20/2007 - On Evil Acts |
| by Lew Rockwell "In the case of Virginia Tech or any other institution, there must be some way in place to protect against violence in the future. But that system needs to be carefully calibrated to match the level of danger." |
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| 04/19/2007 - The Federal Reserve Monopoly Over Money |
| by Hon. Ron Paul of Texas "The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation." |
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| 04/18/2007 - The Two Dollar Pound |
| by Adrian Ash "With the pound so strong, why is inflation in the U.K. rising so quickly? And...isn't a stronger pound the only way to prevent inflation - already at a 16-year high - from running ahead faster still?" |
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| 04/16/2007 - Recession 2007 |
| by Stefan Karlsson "While mortgage debt continues to climb, albeit at a slower rate than before, and while housing prices have flattened rather than declined so far, other housing market indicators point to a housing recession." |
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| 04/13/2007 - Tax Day |
| by Murray N. Rothbard "Those who claim that taxation is...really 'voluntary' should then have no qualms about getting rid of that vital feature of the law which says that failure to pay one's taxes is criminal and subject to appropriate penalty." |
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| 04/10/2007 - Shadow Stats Give a Truer Picture |
| by Chris Mayer "The official numbers tell us inflation is less than 3%. Yet calculating inflation using the same methods of before Clinton took office - which was not that long ago - Williams gets inflation closer to 6%!" |
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| 03/29/2007 - Mistrusting Money Whatever the Price |
| by Adrian Ash "In the end, it took the Presidential executive order of April 5, 1933 to force U.S. citizens back into the dollar. President Roosevelt made gold ownership illegal, punishable by $10,000 fines and/or imprisonment." |
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| 03/28/2007 - Investment Themes Tie Together in Argentina |
| by Chris Mayer "Besides having some good buys in real estate, other global investment themes come together here in Argentina. There is no escaping the high cost of energy or the growing scarcity of traditional fossil fuels." |
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| 03/26/2007 - Gold Shares in a Volatile Stock Market |
| by Doug Casey and David Galland "While here at Casey Research, we remain extremely bullish on gold, it is important...to keep in mind that bull markets make anyone on the right side of the trade think they are smarter than they actually are." |
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| 03/09/2007 - The 2006 Annual Global Retirement Index |
| by Laura Sheridan "Malta...takes silver in this year's Retirement Index. Steeped in history and tradition, these small islands, with near-perfect climates year-round, offer a simple, relaxed lifestyle." |
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| 03/08/2007 - The Coming Entitlement Meltdown |
| by Hon. Ron Paul of Texas "When it comes to Social Security and Medicare, the government won’t be able to keep its promises in the future. That is the reality every American should get used to, despite the grand promises of Washington reformers." |
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| 03/07/2007 - When Hell Freezes Over |
| by Addison Wiggin "One needs only to read the headlines to see the fruits of excess. The New York Times highlighted a Canadian chocolate company selling the sweet stuff for US$2,000 a pound." |
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| 02/28/2007 - How the Fed Lost Control of Money Supply |
| by Axel Merk “The world is awash in money. This money has flown into all asset classes, from stocks to bonds, from real estate to commodities. In a world priced for perfection, should we enjoy the boom or prepare for a bust?” |
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| 02/26/2007 - Academy Awards for the Real World |
| by Susan Walker"Don't worry if you missed out on Sunday’s Oscar's show…you can read all about the economic and political winners right here in our second annual Academy Awards for the Real World.” |
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| 02/12/2007 - Wishful Infeasability |
| by Adrian Ash "It’s proved quite a week for London's wealthiest art lovers and their dealers. On Monday, Sotheby's achieved its highest value auction ever in Europe, knocking down Impressionist & Modern Art for a total of $173 million." |
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| 02/09/2007 - Household Problems |
| by Kate "Short Fuse" Incontrera “We have been saying for some time now – defaults will rock the lenders, and have a trickle-down effect on the rest of our economy...and clearly, even the global economy, as this story shows.” |
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| 02/07/2007 - High Calorie Profits |
| by Kevin Kerr “Cocoa is the mainstay crop of the Ivory Coast and is responsible for the majority of GDP in the tiny country. Disruption in the government - and I use the term loosely - virtually brings exports to a halt.” |
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| 02/05/2007 - Thirty-Six Sure-Fire Ways to Know Your Empire is Crumbling |
| by David Michael Green “You know your empire's crumbling when it's considered an achievement to pretend that you've halved the rate at which you're adding to the massive mountain of debt you've already accumulated.” |
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| 01/24/2007 - This Week in History |
| by Chip Wood "On January 23, 1968, Americans were stunned to learn that a U.S. Navy vessel, the USS Pueblo, had been captured by North Korea." |
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| 01/24/2007 - Deliverance From Draining Liquidity |
| by Bill Bonner "What can you do to protect yourself, dear reader? A single, simple thought: Over the last 12 years, the supply of dollars has increased at roughly 10% per year...and the world’s supply of gold has increased at only 2% per year." |
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| 01/22/2007 - A Cure for Cancer? |
| by Jonathan Kolber "Scientists at the University of Alberta cultured human cancer cells outside the body and found that DCA killed lung, breast and brain cancer cells, but healthy cells were left alone." |
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| 01/10/2007 - A Bear Believes Bulls Are On Serve |
| by Tom Au “As a resident bear, I’m not yet ready to concede that we are in a secular bull market. I will, however, acknowledge, that the bulls are “on serve,” for the next year or two, to use a tennis phrase.” |
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| 01/08/2007 - Is The Party Over on New Year's? |
| by Stephen Church “American consumers are out of cash; up to their eyeballs in debt; and figuring out that they are being played for fools. Will New Year’s resolutions to stop spending be the ‘line in the sand’?" |
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| 01/04/2007 - Not So Funny Money |
| by Shannara Johnson“There is nothing funny about the potential for trouble as the dollar declines. It is trouble that has happened before, and history is our best teacher. But mankind seldom learns and rarely remembers enough from its mistakes.” |
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| 01/04/2007 - Nicaragua |
| by Michelle Sedita“I saw this place for the first time about seven years ago… on horseback. It was just raw land. But today there are 40 houses (casitas, villas, and estates) built to look out over the 3.2 kilometers of coastline.” |
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| 01/04/2007 - Barbarians at the Gate |
| by Tom Au“In essence, the Chinese are doing to the Americans what the barbarians did to Rome; absorbing their more advanced culture and diffusing it among their larger population to produce a nominally stronger entity.” |
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| 12/27/2006 - Investing the Christmas Carol Way |
| by Susan Walker “Christmas carols make spirits bright, and they can also give some pointers about the economy and personal finance. Let's do some investing the Christmas carol way.” |
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| 12/27/2006 - Putting the Economics Back in Christmas |
| by Robert Murphy “Suppose the vast majority of Americans heeded the standard imperative to ‘put Christ back in Christmas,’ and instead of shopping, they visited nursing homes and sang carols. Would this be disastrous for the economy?” |
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| 12/04/2006 - Give Me Vodka or Give Me Death |
| by Mihai Sarbu "The local black market is alive and well. Authorities are constantly battling the illegal production of vodka, while the quality of this counterfeit product plummets ever lower...the result is often lethal." |
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| 11/29/2006 - Milton Friedman, RIP |
| by Mark Skousen “For the past few years, he walked with a cane. He suffered from pain in his legs, a weak heart, and was losing his eyesight. As we left, I asked him, ‘Do you think you’ll live to be 100?’ He answered quickly, ‘I hope not!’" |
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| 11/20/2006 - Overestimated Brainpower |
| by Bill Bonner “Win, lose or draw...the fight goes on. Always fighting to make the world a better place - to improve the planet and the lives of all it inhabitants...except for those it considers ‘evil.’” |
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| 11/15/2006 - A Letter From Harry Reid |
| by Senator Harry Reid "I agree with you that our debt is extremely troubling, and I am disturbed that some in Washington seem to regard the debt as a mere inconvenience rather than the actual threat it represents." |
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| 11/13/2006 - Merger Mania |
| by Kevin Kerr “Like it or not, the exchanges have shifted from open outcry pit-driven business, like when I worked on the floor, to electronic-based 24-hour global trading. It’s a simple fact that trading electronically is here and here to stay.” |
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| 11/13/2006 - Oil Baron Finds New Buried Treasure - But It's Not Oil |
| by Chris Mayer “‘I know what people say - water’s a lot like air. Do you charge for air? ’Course not; you shouldn’t charge for water,’ says he. ‘Well, OK, watch what happens. You won’t have any water.’” |
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| 10/16/2006 - Super-troppers |
| by Bill Bonner “‘And that’s what these paratroopers whom we honor today have done. They leapt into the great void…into the air…trusting in God…and doing what they had to do to help build a better world.’” |
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| 10/12/2006 - Hail, Greenspan |
| by Karim Rahemtulla“So, while the brokers are trying to make it seem that the worst is over for housing, I have some news for you. The housing bust is not today's news. It is going to be tomorrow’s.” |
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| 09/29/2006 - History Always Finds Her Man |
| by Dan Denning “If falling prices and huge incentives aren't already drawing buyers into the housing market, what will? The prospect of a quick gains and a flip? That's history too.” |
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| 09/21/2006 - Trading by the Numbers |
| by Kevin Kerr “Many analysts spend their whole lives just trying to predict those numbers, and traders are bombarded by the media whenever a number is pending, as if the whole world's future depended on the coming announcement.” |
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| 09/20/2006 - Annie Oakley, the Butterfly Effect, and You |
| by Chris Mayer“Seemingly imperceptible changes at the margin can lead to outsized changes in stock prices. The classic metaphor is that of a butterfly flapping its wings in Brazil setting off a chain of events leading to a hurricane in Texas.” |
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| 09/15/2006 - End of the House Party |
| by Gary Shilling“A move from high to low rates of house appreciation would probably force many to live within their incomes. The decline in house prices I foresee will sire consumer spending retrenchment that almost guarantees a major recession.” |
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| 09/11/2006 - Geezer Investing |
| by Doug French “One presenter referred to investing in hard assets as ‘geezer investing,’ and indeed the conference crowd resembled the cast of Boynton Beach Club.” |
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| 09/04/2006 - The Virtues and Alleged Shortcomings of the Gold Standard |
| Ludwig von Mises ”First of all there is need to remember that the gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion.” |
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| 08/31/2006 - The Economics of Groundhog Day |
| by D.W. MacKenzie “Perfectly competitive equilibrium requires perfect information. Ignorance leads to errors that put the ideal state of equilibrium out of reach. Ignorance and error exist due to perpetual change.” |
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| 08/29/2006 - Unconventional Solutions |
| by Justice Litle “Now, I believe to understand how we’re going to get out of this mess we’re in, it is necessary to conceive of a solution that represents as radical a break with the past as the automobile was with the horse-drawn carriage.” |
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| 08/28/2006 - Fortune Cookie Economics |
| by Jeffrey Tucker “If China's path to economic development continues on an upward path, can we expect ever-increasing economic sophistication from fortune cookies?" |
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| 08/24/2006 - Plunge Protection, Fiat Money, and the Fed |
| by Ron Paul “So could you help me out in trying to understand why we should ever attack economic growth? Why can’t we just say economic growth is good and it helps lower prices because it increases productivity?” |
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| 08/21/2006 - Are Capitalists Bamboozling the Poor? |
| by Thomas Woods “Whenever the private sector introduces an innovation that makes the poor better off, someone will - in the name of helping the poor - call for curbing or abolishing it.” |
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| 08/16/2006 - Bring Back Fiscal Corruption |
| by Lew Rockwell “In an ideal world, we should love to see the Feds on the hot seat the same way the state-level politicos are. Abolish the Fed and we would see this dream come true.” |
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| 08/14/2006 - War and the Financial Markets |
| by Susan C. Walker "Generally, people think that war and violence make the public feel worried, depressed, and angry. First comes war, then comes the negative reaction in social mood. But the opposite point of view makes even more sense." |
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| 08/14/2006 - The End of the Empire |
| by Bill Bonner "Commuters are running out of gas. Consumers are running out of money. Energy and commodity prices are still rising, showing little signs of coming down. The Empire is peaking out." |
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| 08/09/2006 - Oil and the Apocalypse |
| by Christopher Westley “It doesn't help matters that BP, which purchased Amoco several years ago, and the oil industry in general, has received special favors from the federal government since the Coolidge administration.” |
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| 08/02/2006 - Give A Penny, Take A Penny |
| by Clifford F. Thies “With the continuing possibility of inflation with fiat money, we will one day find ‘give a nickel, take a nickel’ trays, and perhaps even ‘give a dollar, take a dollar’ trays, at the convenience store.” |
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| 07/31/2006 - Central Banks Looking to Exit the Dollar |
| by Doug Casey “If you invest wisely now, the emerging paper bear market will eventually prove in your favor. As foreign governments look to avail themselves of more gold for their reserves, you should do the same.” |
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| 07/27/2006 - Ethanol Eco-Disaster |
| by Bill Walker "Can we overcome infosphere pollution? Or are we doomed to pay for the destruction of our own environment, because the majority of media is produced specifically to confuse us into supporting parasitic special interests?" |
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| 07/20/2006 - Superman Needs an Agent |
| by Robert Murphy "The economist can push the analysis much further, for ultimately Superman is a worker with incredible productivity. That is, Superman has valuable skills that other workers lack, and potential employers would be willing to pay." |
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| 07/14/2006 - A Kind Word for the Austrian School |
| by Paul McCulley "The notion that the Fed can ignore asset prices except to the extent they matter in a Taylor Rule framework is, to my way of thinking, loosing its moorings. The putative neutral real rate is indeed time varying." |
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| 07/13/2006 - Orwellian Economics |
| by Andrew Bosworth "The American economy is now underwritten by $9 trillion of debt and depends upon $2 billion dollar infusions of foreign capital every day, largely from China." |
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| 07/10/2006 - Look! Up in the Sky! It's An Inflation-Fighting Fed! |
| by Clyd Malone "Apparently, even the very word 'inflation' has lost its scientific rigidity, turning all mushy definition-wise. A multitude of its effects are said to be its cause; an absurdity in logic, but what can we expect from mere mortals?" |
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| 07/06/2006 - What the Fourth of July Means to Me |
| Edited by Mark Skousen "God grant that not only the love of liberty but a thorough knowledge of the rights of man may pervade all nations of the earth so that a philosopher may set his foot anywhere on its surface and say, this is my country!" |
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| 06/30/2006 - Blue Gold |
| by Chris Mayer "Water shortages and widespread pollution are serious threats to China's booming economy. It costs billions each year in lost output." |
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| 06/29/2006 - Inflation Is the Boogeyman |
| by Susan C. Walker "As they say here in Georgia, the economy looks like it's fixin' to fall out. Are you preparing for inflation or deflation? As for me, I'm fixin' to go get a Coke." |
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| 06/28/2006 - Dirty Water, Clean Profits |
| by Eric Fry "Unlike other commodities, the demand for water is unwavering and certain. What's more, water does not suffer the threat of the discovery of an 'alternative' source. No 'alternative' water will present itself in the future." |
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| 06/22/2006 - Teaching Basic Economics to Fifth Graders |
| “My goal with these fifth graders was not just to introduce them to the basics of economic science, but to inoculate them against future attempts to teach them bad economics.” |
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| 06/16/2006 - Parched |
| by Eric Fry "The water infrastructure in most of the rest of the nation isn't much newer than Manhattan's. It should be no surprise, therefore, that water pipes are rusting and crumbling all across this great land of ours." |
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| 06/14/2006 - Make a Fortune on Russian Uranium |
| by Doug Casey "Our research shows that Russia contains a staggering amount of yellowcake. Although the country mined a meager 7.3 million pounds in 2005, there is much more lurking below ground." |
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| 06/08/2006 - Don't Cry Over Spilled Coffee |
| by Susan C. Walker "But although it should be no harder than choosing decaf or high test, it's not nearly as simple as buying your favorite Italian dark-roast from your local retailer for $7.50 a bag, down from the usual $12." |
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| 06/06/2006 - Gartman Letter: Oil and Gold |
| by Dennis Gartman "How many barrels of oil will one ounce of gold buy? Not many these days!" |
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| 06/01/2006 - Attack On the Dollar |
| by Kenneth R. Timmerman "When President Bush declared a war on terror - which included an invasion of Iraq - some nations decided to declare a war on the U.S. dollar." |
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| 05/26/2006 - What Does the High Price of Gold Mean? |
| by Sean Corrigan "For gold to do well, market psychology must be wholly negative, that fear alone is what drives gold higher.” |
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| 05/16/2006 - The Declining Dollar Erodes Personal Savings |
| by Ron Paul “A sharply rising gold price is really a vote of 'o confidence'in Congress’ ability to control the budget, the Fed’s ability to control the money supply, and the administration’s ability to bring stability to the Middle East.” |
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| 05/12/2006 - Athens and the U.S.: The Decline and Fall |
| by Eric Phillips “Government decisions are made with increasing deference to power, money, public opinion polls, and demagoguery; because of this, any difference between the Democrats and Republicans become negligible.” |
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| 05/11/2006 - U.S. Bubbleocracy |
| by Paul Mampilly “Today, the greatest benefit of living in our democratic, capitalist society is not the right to vote or the right to free speech but the right to this delusional dream of vast wealth through speculation.” |
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| 05/08/2006 - To Rule Is To Destroy |
| by Lew Rockwell "Spending is running $2.6 trillion per year. If today you slashed the budget in half, you would be back to the small-government days of the beginning of Clinton's first term.” |
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| 05/04/2006 - Argentina: Capítulo Final |
| by Bill Bonner “‘It’s all different. The land…the country…the people…the language…even the stars. At the same time, it seems familiar…like we could have been here all along.’” |
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| 04/24/2006 - Flat Tax Folly |
| by Laurence M. Vance "The flat tax is not a flat tax. It is a highly progressive tax that shifts the tax burden to the ‘rich’ - the middle class and upper middle class that earn wages and salaries.” |
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| 04/20/2006 - A Delegate’s Concern |
| by D. Price “Not one state office candidate that I talked with were interested to hear about peak oil. None of them knew what it was and most were too busy to discuss it further.” |
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| 04/20/2006 - Solid Oxide Fuel |
| by Dan Denning "A solid oxide fuel cell, for example, puts out an enormous amount of heat and can potentially power itself from the natural gas surrounding the shale bed.” |
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| 04/17/2006 - Fistfuls of Dollars |
| by Paul Mampilly “However, after screaming about the dollar and imbalances (the twin deficits) and interest rate conundrums, critics of the dollar and US finances have grown subdued. This has emboldened the dollar's apologists to make their case.” |
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| 04/14/2006 - The Humbug Promise of Modern Life |
| by Bill Bonner “Health care - like education, hangings, paper money, pornography, and democracy - reaches its point of diminishing returns quickly. Too much, and you are going backwards.” |
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| 04/04/2006 - Bernanke's Yield-Curve Confusions |
| Frank Shostak "Ben Bernanke admitted that he is not so sure whether the Fed should be tightening its stance further or whether the central bank should pause. The reason, according to Bernanke, is the unusual behavior of long-term interest rates.” |
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| 04/03/2006 - Bad News for the Dollar…Good News for Gold |
| by Paul van Eeden “The problem, of course, is the ballooning U.S. trade deficit with China. In order to let the renminbi appreciate against the dollar, China will have to sell more of the trade dollars it receives and buy fewer U.S. Treasuries.” |
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| 04/03/2006 - Combustion |
| By Dan Denning “Electricity does not generate itself. For large economies, that means use of hydrocarbons, or, in some distant Hollywood/DARPA future, an economy based on uranium.” |
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| 03/20/2006 - Perils of a New Globalization |
| by Stephen Roach “With workers in services outnumbering those in manufacturing by a factor of five to one, the body politic in the industrial world has cast its ballot in favor of protectionism. Opportunistic politicians are taking the bait.” |
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| 03/08/2006 - Goodnight, and Goodbye |
| by Paul Mampilly “The Wall Street Journal reported last week that individual investors are once again active and buying stocks. The disillusion has begun to break and optimism is returning.” |
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| 03/08/2006 - The Rich Get Richer |
| by Bill Bonner “Why are the rich benefiting so much from globalization while the working classes, at least in the West, are not? The answer is simple...” |
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| 03/07/2006 - How Economic News Is Spun |
| by Paul Craig Roberts “The few reporters and columnists who are brave or naive enough to speak out are constrained by editors, who are constrained by owners and advertisers.” |
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| 02/27/2006 - Empire of Debt |
| by Llewellyn Rockwell "Most Americans are aware that something has gone very wrong, but they are at a loss to sort of out the causes, especially the ones that are most invisible." |
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