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The Mogambo Guru

The Mogambo Guru

Contributor since: 26 Feb 2010

Biography

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.

  • Gold and the Asian Airport

    Published 17 September 2009 | viewed 2,522 times

    I was very interested in the news I read from MarketWatch that said, "Hong Kong is pulling all its physical gold holdings from depositories in…

  • The Government-Based Economy

    Published 15 September 2009 | viewed 2,735 times

    I really got a laugh out of the report from Bloomberg that the Democratic Party of Japan (known in the parlance as DP) won an…

  • Fighting Capitalism With Capitalism

    Published 10 September 2009 | viewed 2,136 times

    As one more bit of proof that the education system of the United States is a dysfunctional piece of liberal crap, how else to explain…

  • Never Say Never to Monetization

    Published 09 September 2009 | viewed 3,825 times

    If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right…

  • Feeling Good About a Falling US GDP

    Published 03 September 2009 | viewed 2,425 times

    The Bureau of Economic Analysis at bea.gov has put out their latest report of Gross Domestic Product, and it was, as you would expect from…

  • The Nightmare of Contemplating Global Derivatives

    Published 01 September 2009 | viewed 2,986 times

    There are plenty of nightmarish things in the world today, but few nightmares match the terror of finding your wife still awake and waiting for…

  • Big Ben and the Money Machine, Act II

    Published 27 August 2009 | viewed 1,965 times

    Apparently I am one of the few who appreciates the Theater of the Absurd in the Bloomberg news article that reported "President Barack Obama nominated…

  • More Stupider Economics

    Published 25 August 2009 | viewed 2,436 times

    TheDailyBell.com had an interview that had the title "Why so many conspiracy theories?" which was intriguing enough, but made funny when they editorialized "Dominant Social…

  • An Overdue Collapse of Money

    Published 20 August 2009 | viewed 3,120 times

    The Economist magazine had the Buttonwood blog titled "Law of Easy Money", which immediately gets your hopes up that there is such a thing as…

  • Cloudy With a Chance of Economic Stupidity

    Published 18 August 2009 | viewed 3,431 times

    Bloomberg had the story about how "The global financial crisis has blown a hole in the 'efficient markets' theory on which modern economics and modern…

  • Why the Government Doesn't Need Your Gold

    Published 13 August 2009 | viewed 3,347 times

    There is suddenly a lot of interest in the idea that the federal government will make holding gold illegal, an example of which is "Is…

  • How Do You Like Your Books Cooked?

    Published 11 August 2009 | viewed 2,415 times

    Even knowing that the economy is in a recession/depression, it is the kind of headline that grabs your attention: "Recession Worse Than Prior Estimates, Revisions…

  • Drinking Until the Economy Looks Good

    Published 04 August 2009 | viewed 5,254 times

    I have, as part of my Official Mogambo Duties (OMD), spent many an evening at local bars, sampling various beverages and making goo-goo eyes at…

  • Golden Shelter from Falling Giants

    Published 30 July 2009 | viewed 2,626 times

    I was reading Michael J. Panzner's book When Giants Fall, a scary-yet-scholarly look at how the hell we got into this mess, and I was…

  • Fiscal Drops in the Bucket Deficit

    Published 28 July 2009 | viewed 2,282 times

    I had just finished Final Lockdown Mode (FLM) here at Rancho Mogambo Bunker (RMB) and was starting to relax, or as much as a guy…

  • The Dumbing Down of Economics

    Published 23 July 2009 | viewed 2,368 times

    There are those of you, whom I call "the overwhelming majority", who are dissatisfied with my snotty-and-unshakable attitude about the price of oil, which I…

  • The Reality of Fictitious Jobs

    Published 21 July 2009 | viewed 2,650 times

    The Bureau of Labor Statistics reported that 467,000 jobs were lost in June, bringing total non-farm employment down to 140.2 million, which, although bad, could…

  • The Silver Supply/Demand Imbalance

    Published 16 July 2009 | viewed 3,510 times

    I try not to think about silver, because when I do, my head ends up whirling around at the sheer compelling nature of the fundamentals,…

  • A Fine Time to Raise the Minimum Wage?

    Published 14 July 2009 | viewed 2,097 times

    To show you the kind of idiocy that passes for economics, The Wall Street Journal, in a story about the imminent rise in the minimum…

  • A Master Stroke of Silver Manipulation

    Published 09 July 2009 | viewed 2,201 times

    Federal Reserve Credit dropped $58.5 billion last week, taking the total amount of Federal Reserve credit that they created to a hefty $1.997 trillion. Now,…