Gold •170 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 936.40 | +12.90 | +1.40% | |
WTI Crude •19 hours | 69.46 | +0.08 | +0.12% | |
Gasoline •19 hours | 1.942 | +0.019 | +0.98% | |
Ethanol •170 days | 2.161 | +0.000 | +0.00% | |
Silver •170 days | 30.82 | +1.16 | +3.92% |
Silver • 170 days | 30.82 | +1.16 | +3.92% | ||
Copper • 170 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 18 hours | 72.94 | +0.06 | +0.08% | ||
Natural Gas • 19 hours | 3.748 | +0.164 | +4.58% | ||
Heating Oil • 19 hours | 2.232 | -0.006 | -0.27% |
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.
"One of the things that is keeping the stock market alive is the same reason why China is trying to shore up its banks; to…
"With the 'substitution effect' in play, we can then assume that the Fed will say that all consumers would try to escape higher prices in…
Peter Schiff of Euro Pacific Capital writes, "In current theory, the excess cash piling up around the world is like manna from heaven. Don't believe…
"Your problems are all self-inflicted, as you are the same drooling 'I Love Big Government Creating Perpetual Entitlements' moron that elected the Congressional morons that…
"The whole freaking world could turn to 100% biofuels tomorrow, and demand for food could keep rising...while the supply of food could actually go down,…
"Then, abruptly out of ammo, with clouds of burnt cordite tingeing the air, the tragic Mogambo falls slowly to his knees, his Mighty Mogambo Head…
"You and your money, and the money of your little goon squad storm troopers here, is what is dying, and is going to die! And…
"The leadership the Chinese economy is in the hands of people just as stupid and corrupt as the ones in charge of all the other…
"$503 billion is a lot of collateralized debt obligations, and a whopping 500% increase in three years is enough to make your eyeballs comically spring…
"Up to now, the price inflation was the 'fun' kind, as it went into stocks, bonds, housing...Now inflation is showing up in the "not fun"…
"I deftly add the $3.7 trillion in spending by the federal government plus the $1.3 trillion by the state governments, and after a few tries…
"If you think that Treasury Inflation Protected Securities will save your sorry financial butt or stop me from screaming 'Gaaaaah!' in terror, then I scornfully…
"A quarter of workers...spend everything! If we have any economic downturn at all, even a mere blip in the economy, a quarter of Americans will…
The doors of the Mogambo Bunker of Paranoid Seclusion (MBOPS) clanged shut at the instant I learned that Total Fed Credit actually went down by…
"In short, inflation in food prices, and all other prices, is everywhere you look, which is certainly understandable, since everywhere you look there are central…
Provided as a courtesy of Agora Publishing and DailyReckoning.com. -- Money must be getting tight, as Total Fed Credit was up only $1 billion last…
Provided as a courtesy of Agora Publishing and DailyReckoning.com. -- As a guy who is always screaming about the Federal Reserve creating all that excess…
Provided as a courtesy of Agora Publishing and DailyReckoning.com. -- Watching the economic idiocy all around me, and the impending collapse of the housing bubble…
Provided as a courtesy of Agora Publishing and DailyReckoning.com. -- While Total Fed Credit was down by a miniscule $1.7 billion last week, the Federal…
Provided as a courtesy of Agora Publishing and DailyReckoning.com. -- Total Fed Credit expanded by a measly $1.8 billion last week, made even more insignificant…