"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,569.60 | -0.20 | -0.01% |
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Platinum •15 mins | 997.40 | +2.40 | +0.24% |
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WTI Crude •11 mins | 53.97 | +0.49 | +0.92% |
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Gasoline •11 mins | 1.531 | +0.017 | +1.12% |
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Ethanol •48 mins | 1.344 | -0.003 | -0.22% |
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Silver •15 mins | 17.49 | +0.03 | +0.18% |
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Silver • 15 mins | 17.49 | +0.03 | +0.18% | |
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Copper • 15 mins | 2.589 | +0.009 | +0.35% | |
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Brent Crude • 11 mins | 59.31 | +0.50 | +0.85% | |
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Natural Gas • 11 mins | 1.892 | -0.016 | -0.84% | |
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Heating Oil • 11 mins | 1.727 | +0.011 | +0.61% |
John Browne
Contributor since: 26 Feb 2010
Biography
John Browne is the Senior Economic Consultant for Euro Pacific Capital, Inc. Mr. Brown is a distinguished former member of Britain's Parliament who served on the Treasury Select Committee, as Chairman of the Conservative Small Business Committee, and as a close associate of then-Prime Minister Margaret Thatcher. Among his many notable assignments, John served as a principal advisor to Mrs. Thatcher's government on issues related to the Soviet Union, and was the first to convince Thatcher of the growing stature of then Agriculture Minister Mikhail Gorbachev. As a partial result of Brown's advocacy, Thatcher famously pronounced that Gorbachev was a man the West "could do business with." A graduate of the Royal Military Academy Sandhurst, Britain's version of West Point and retired British army major, John served as a pilot, parachutist, and communications specialist in the elite Grenadiers of the Royal Guard.
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U.S. Economy Still on Life Support
On Monday October 13th, the Dow took the fifth biggest upward leap (in percentage terms) in its history and, most notably, since the 1930's. It…
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Congress Charges Commission
Faced with an imminent financial meltdown and a looming depression, one might have expected Congress, inspired with a rush of patriotism, to have stepped vigorously…
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Too Little Too Late
Last week, Treasury Secretary Paulson and Fed Chairman Ben Bernanke faced Congressional leaders with a reported forecast that we are "literally days away from a…
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The Price of Nationalization
Last week, the U.S. government took the unprecedented step of effectively nationalizing mortgage giants Fannie Mae and Freddie Mac. Together, the two companies hold or…
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In the Eye of the Storm
As we enter the height of the hurricane season, it may be worthwhile to recall, when considering the economy at large, the particular deception that…
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Who will Suffer the Least from Depression?
Though few may have noticed, the past few weeks may be regarded as a global economic turning point. Evidence is mounting that the United States…
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Set to Soar or Swoon?
Despite a series of worrying news items last week, U.S. stock markets managed to deliver strong gains. Time and again, U.S. investors seem to turn…
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The Fed's Next Move is Down
Yesterday, the Fed surprised no one and left its key rates unchanged and gave no indication that the committee was preparing to raise or lower…
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The Cost of Socialism
Over the past few decades, the United States has steadily evolved from a nation of 'producers' to one of 'consumers'. The change has been celebrated…
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No Bottom Yet for Ailing Financials
In recent months, even the most blindly optimistic forecasters have come to grips with how our banks and investment banks took wildly imprudent risks that…
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Dont Buy the Head Fake
This week, we were treated to strong statements by both Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke about the desirability of a "strong…
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Stagflation Sightings Multiply
We have long warned that stagflation, or economic contraction accompanied by inflation, would become so evident that even the most optimistic observers could not deny…
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Das Monetary Policy
On June 25th, the Fed made no changes in its key interest rates and issued a statement that underscored how narrow their room for maneuver…
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Cheerleaders Will Face Reality, Eventualy
When listening to the typical, television-based, Wall Street cheerleader work themselves up into a bull market frenzy, one is tempted to wonder if they ever…
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G-8 Fails to Sound the Charge
With market watchers the world over feeling increasingly alarmed by spreading economic problems, much hope and attention was focused on Japan last weekend as finance…
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The Next Big Spending Spree
As the economic indicators turn down and election year politics heats up, the calls from politicians for more government intervention and enhanced economic stimulus are…
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Soaking Them at Harvard
This week I watched Fed Chairman Ben Bernanke charm the rain soaked graduating class of Harvard, my Alma Mater. As he spoke, I was reminded…
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The Statistical Battleground
With consumer confidence now testing generational lows, our politicians are never the less continuously assuring us that the economy is strong, and that there is…
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The "BRICs" (and Mortar) of the New Global Economy
In the early days of the American republic, fortune seekers were urged to "Go west young man!" Unfortunately, with the American economy now clearly showing…
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Rationioning -- Food For Thought
'Food, glorious food' conjures up the image of Oliver Twist and his brother orphans wailing over a shortage of porridge in Dickensian England. Last week,…
