• 547 days Will The ECB Continue To Hike Rates?
  • 547 days Forbes: Aramco Remains Largest Company In The Middle East
  • 549 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 949 days Could Crypto Overtake Traditional Investment?
  • 953 days Americans Still Quitting Jobs At Record Pace
  • 955 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 958 days Is The Dollar Too Strong?
  • 959 days Big Tech Disappoints Investors on Earnings Calls
  • 960 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 961 days China Is Quietly Trying To Distance Itself From Russia
  • 962 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 966 days Crypto Investors Won Big In 2021
  • 966 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 967 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 969 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 969 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 973 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 973 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 974 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 976 days Are NFTs About To Take Over Gaming?

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.

  • Dinosaur Economists and their Paper Currency

    Published 02 April 2009 | viewed 3,872 times

    It all seems so weirdly surreal when federal deficit-spending exceeds 14% of GDP, which doesn't even include the 7% of GDP that is the "balanced…

  • Credit-Based Money System and the Plight of Un-rich Peons

    Published 31 March 2009 | viewed 3,981 times

    George Ure of UrbanSurvival.com writes that the magic of just pounding money into the economy doesn't seem to be working this time, and it reminds…

  • Zombie Economy Feeds on New Money and Credit

    Published 27 March 2009 | viewed 3,522 times

    I thought that I had a pretty good handle on how much "stimulus" money Congress and the Fed have spent so far, ranging, as it…

  • Greenspan Not Reserved About His Innocence

    Published 24 March 2009 | viewed 3,202 times

    Bloomberg.com had Alan Greenspan, disastrous former chairman of the Federal Reserve - who is the one person directly responsible for all of our economic woes…

  • Stupid Ideas that Drag Down Consumer Spending

    Published 19 March 2009 | viewed 4,000 times

    I keep moaning and groaning as I look at the prices of assets - including houses that are overpriced, stocks that are overpriced, bonds that…

  • Golden Butter on Inflation Toasted Dollars

    Published 05 March 2009 | viewed 3,428 times

    There are obviously a lot of differences between me and damned near everybody else, one of which is that I spend a lot of time…

  • U.S. Taxpayers: The Few. The Proud. The Unprofitable.

    Published 03 March 2009 | viewed 4,355 times

    I keep looking at the $1.5 trillion increase in the national debt in the last 12 months, due to the Congress deficit-spending and the Federal…

  • Optimism in the Face of Inflation

    Published 26 February 2009 | viewed 3,700 times

    I thought I was still asleep and merely dreaming when I opened up Barron's and saw that the earnings of the S&P 500 dropped to…

  • The Devastating Chaos of Financial Butterflies

    Published 24 February 2009 | viewed 4,112 times

    Gerald Celente, founder and director of the Trends Research Institute opines, "To be using 1930s models to get the U.S. out of this is really…

  • SOS: Suffocating On Spending

    Published 13 February 2009 | viewed 3,618 times

    Voluminous police reports through the years chronicle my wailing and screaming in fear, often far into the night, as neighbors and family complain until the…

  • Old News for Gold Bugs

    Published 10 February 2009 | viewed 3,925 times

    It looks like the rush to buy gold is really getting started, as Julian D. W. Phillips of GoldForecaster.com reports that "the combined gold holdings…

  • Unemployment Figures, Right Between the Eyes

    Published 07 February 2009 | viewed 3,842 times

    I am hoping that someone from the media will ask me about my current thoughts on the "deflation or inflation" debate, but they probably won't,…

  • Patching Up the World With Golden Glue

    Published 27 January 2009 | viewed 4,409 times

    "The word 'Gaaaahhh!' escapes my throat, as all of this was BEFORE all the new promises of massive new deficit spending! Trillions of dollars of…

  • Golden Sanity Amid Fits of Fiscal Madness

    Published 22 January 2009 | viewed 3,968 times

    "And as the bust continues, gold always becomes MORE valuable as everything else turns to crap and the government starts destroying everything with fits of…

  • Government Gone Insane

    Published 16 January 2009 | viewed 5,543 times

    "It's just too bad that government workers are a deadweight loss, as they produce no profit from their labors with which to pay their bloated…

  • There's Always Opportunity in Crisis

    Published 13 January 2009 | viewed 5,113 times

    "I know there is opportunity, just like I know you ruined my life! That is why I am buying gold, silver and oil at these…

  • Interest Rates Have "One Too Many"

    Published 08 January 2009 | viewed 4,301 times

    "Apparently, the horrifying news of negative interest rates does not register with these morons; the bartender went back to talking to the pretty girl at…

  • Fed Refuses to Trade Secrets

    Published 06 January 2009 | viewed 2,985 times

    "Unfortunately, while I am exactly like the Federal Reserve in that we are both total, complete failures at our jobs, mostly through sheer stupidity, the…

  • No Lag When Indicating Inflation

    Published 30 December 2008 | viewed 4,157 times

    "And the reason is that the Lagging Indictor with its inflation detector attributes has been rising faster than the other two for as long as…

  • A Novel Approach to Debt Management

    Published 22 December 2008 | viewed 5,241 times

    "What? A $2 trillion federal budget deficit? In a $13 trillion national economy? Gaaahhhh! When the trade deficit is running at almost $900 billion a…