Gold •129 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 978.50 | -20.60 | -2.06% | |
WTI Crude •1 day | 70.38 | -1.98 | -2.74% | |
Gasoline •1 day | 2.013 | -0.041 | -2.00% | |
Ethanol •129 days | 2.161 | +0.000 | +0.00% | |
Silver •129 days | 30.82 | +1.16 | +3.92% |
Silver • 129 days | 30.82 | +1.16 | +3.92% | ||
Copper • 129 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 73.87 | -1.76 | -2.33% | ||
Natural Gas • 1 day | 2.669 | -0.024 | -0.89% | ||
Heating Oil • 1 day | 2.239 | -0.048 | -2.08% |
Contributor since: 26 Feb 2010
Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning, and other fine publications.
"An adult-club owner named Joe Redner says that although business is down 25%, 'the economy does have one upside for the business - it's bringing…
"Yet, against this staggering load of incestuous liabilities, and liabilities masquerading as assets that totals a third of the annual GDP output of the whole…
"Yesterday, when inflation in the money supply raised the prices of stocks and the prices of bonds and the prices of houses and the prices…
"The Implacable Screaming Mogambo (ISM) goes freaking berserk at the economic insanity of it all as he watches, horrified, as asset prices get bid higher…
"Looking furtively about with my beady, rat-like eyes to a route of escape, I was nevertheless frozen to the spot when he said, 'Our nation…
"We love inflation and we hate inflation! So, it's a love/hate relationship! The most confusing kind! No wonder my head is spinning all the time!"…
"Now, total government taxation consumes half of all incomes, all of which goes around and around until my head is spinning and I wonder how…
"I am so scared and paranoid at the economic horror that is looming in our future that I have been drinking heavily and consuming various…
"Suddenly I think, 'Ahhh! I see! Demand is more than supply, meaning price will go up until demand equals supply!', at which point I think,…
"This is the Big, Big Reason (BBR) that I am now looking for a cushy job as an oil company CEO, because I would make…
"Luckily, I had been transferring lots of money from the operating account at the bank into cash in the office safe in case of some…
"You invested $100 in 2002 buying power to get back, after five years, $76 in 2002 buying power! Hahaha! Your 'fabulous' investment made a paper…
"Soon everything you love will be gone, and then you will appreciate the wry humor of the expression 'Experience is what you have left when…
"I naturally jump to the conclusion that this is the worst inflation in U.S. history, and that it is time to seal myself into the…
"And regardless of how many 'nightmares' anybody's lawyer says his client has had as a result of an alleged 'hostile work environment', the real nightmare…
"The result is that the price of packaged food is going up by more than the rise in the underlying commodities would suggest, which (according…
"But after all of this, you suddenly realize that the money that was taxed away comes roaring back into the economy as government spending, making…
"The IMF, glorying as ever in its failures, just like the Federal Reserve, now promotes the laughable idea to 'tackle' rising food prices by having…
"A lot of people have a lot of theories as to why gold is going down, when the theory and the entire history of economic…
"Already beset by demons of my deteriorating mental and cardiac capacity, the idea that the capital gains tax was already 5% and I hadn't even…