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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.

  • Where No Bear Market Rally Has Gone Before

    Published 07 July 2009 | viewed 3,432 times

    ChartoftheDay.com had an update of their chart labeled "Depression-Era Bear Market Rallies (Dow 1929-1932)" which is interesting in many, many ways, starting with the fact…

  • Silver Takes on Gold Supremecy

    Published 01 July 2009 | viewed 2,758 times

    Mark at Northwest Territorial Mint suggests that instead of me always yammering about buying "gold, silver and oil", maybe I should switch to "silver, gold…

  • Worthless Money from the US to Zimbabwe

    Published 26 June 2009 | viewed 2,095 times

    I had been getting ready for the release of the latest totals of how much credit the damned Federal Reserve had created in the last…

  • The Mysterious Omen that is 'Divisor Change'

    Published 24 June 2009 | viewed 2,771 times

    In Barron's this week, they had a big notice, labeled "Divisor Change" pasted onto the chart of the Dow Jones Industrials Average, which leads off…

  • The Euphoric High of Government Spending

    Published 19 June 2009 | viewed 2,319 times

    I gotta admit that I am confused by lots of things, like how come if my kids hate it here so much, why don't they…

  • Purchasing Gold as a Product of Plagiarism

    Published 16 June 2009 | viewed 2,147 times

    My latest sure-fire, money-maker idea is to sue Yu Yongding, former bigshot with the Chinese central bank, for plagiarism, as he is the guy who…

  • It's All Funny Money

    Published 11 June 2009 | viewed 2,617 times

    The column I wrote last week about the gold content of the Krugerrand versus the Austrian Philharmonic was, it seems, a mistake, and I am…

  • An Economy at the End of its Rope

    Published 09 June 2009 | viewed 3,000 times

    This week's prestigious Mogambo Award For The Best Sardonic Laugh (MAFTBSL) was provided by Nicoles Michas of the Sparks Report, who suggested that "deflation hawks"…

  • China Offers the IMF an Indecent Proposal

    Published 26 May 2009 | viewed 3,236 times

    Telegraph.co.uk had the headline "China's yuan 'set to usurp US dollar' as world's reserve currency" for an article by James Quinn. I thought that the…

  • Delusions of Endless Credit

    Published 19 May 2009 | viewed 2,938 times

    James Howard Kunstler, famous author and speaker, opines, "For now, the 'bottom' is in" which took me completely by surprise! I mean, how could anybody…

  • Quantitative Rising Demand for Silver

    Published 15 May 2009 | viewed 3,157 times

    If you are one of the people who write to me and question my consistent advice to buy gold, silver and oil ("Dear Mogambo, You're…

  • Financial Death by Gold Deficiency

    Published 07 May 2009 | viewed 4,288 times

    If you are like me, then you realize the importance of gold and understand the relative unimportance of things like family, friends, coworkers, community and…

  • When Fresh Money Goes Rotten

    Published 05 May 2009 | viewed 2,493 times

    Florida Economist Robert P. Murphy at the blog Free Advice must have heard me screeching with Total Mogambo Disrespect (TMD) about Congress and Obama deficit-spending…

  • Economic BBQ on the Credit Default Spit

    Published 28 April 2009 | viewed 2,890 times

    Addison Wiggin, as part of an advertisement for the new Richebächer Letter, reminded us that "Last holiday season was the slowest in four decades" which…

  • Taking Liberties with Price Stability

    Published 23 April 2009 | viewed 2,174 times

    Paul Volcker, the legendary former chairman of the Federal Reserve who heroically defeated a raging inflation, against powerful political opposition, which was the result of…

  • Silver Taste. Base Metal Money

    Published 21 April 2009 | viewed 2,990 times

    Dominic Frisby of MoneyMorning.com writes, "According to Jeff Christian of commodities research firm CPM Group, investors bought 70m ounces of silver in 2007; 100m in…

  • The National Debt and the U.S. Selling Spree

    Published 16 April 2009 | viewed 3,404 times

    From Agora Financial's 5-Minute Forecast we learn that "According to the Chinese central bank this morning, China's foreign reserves grew 'only' $7.7 billion in the…

  • Golden Shorts in an Economic Winter

    Published 15 April 2009 | viewed 3,463 times

    Avery Goodman at Seekingalpha.com asks the intriguing question, "Did the ECB Save COMEX from Gold Default?" If I had been writing it, I would have…

  • Employed and Unemployed Both Feel the Pinch

    Published 09 April 2009 | viewed 2,608 times

    It ain't really news that employment is falling along with the economy falling off a cliff because everybody is up to their freaking eyebrows in…

  • No Gold -- No Silver -- Just Inflation and Hotcakes

    Published 07 April 2009 | viewed 3,498 times

    Bloomberg.com had a report by Kim-Mai Cutler saying, "Currencies of countries that are using quantitative easing, or printing money to buy government or corporate bonds,…