The Mogambo Guru

Contributor since: 26 Feb 2010

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Biography

• Are You Smarter than a Bond Trader?

  Published 18 December 2008 | viewed 4,826 times

  "Pardon me for interrupting today's Stupid Mogambo Rant (SMR) with my laughing...but every time I think of some bozo buying 30-year Treasury debt at a…

• No Rest for the Unemployed

  Published 16 December 2008 | viewed 3,785 times

  "Oddly enough, there is no statistical offset for people like me, who are the nation's over-employed, which is to say we are chronically lazy, worthless…

• It's Always About the Money

  Published 12 December 2008 | viewed 4,029 times

  "'It is always about the money!' for me, and you are hoping that I will use my dictatorial powers to get your money back for…

• Officially Screwed by the Real Inflation Rate

  Published 09 December 2008 | viewed 5,342 times

  "Screw the 'official' inflation rate! But let's not dwell on an inflation rate of 20 percent, which means that prices will double in about three…

• Wearing Shorts in an Economic Winter

  Published 04 December 2008 | viewed 4,076 times

  "You want me to take the other side of your short by going long, even though the market is down, and has been going down,…

• A Hitchhiker's Guide to Under-Priced Oil

  Published 02 December 2008 | viewed 4,278 times

  "Now I can afford to cruise the streets looking for hitchhikers, so that I can give them a ride while I explain to them, 'Hey,…

• Salvation in the Cheap Oil Army

  Published 28 November 2008 | viewed 4,296 times

  "And, as the news just keeps getting worse, Iran just asked OPEC to cut production by a further 1.5 million barrels per day, which comes…

• Corporate Earnings Go Cliff Diving

  Published 20 November 2008 | viewed 3,880 times

  "I run to the tables in Barron's, and I see that the earnings of the S&P500 - the 500 biggest corporations in the country -…

• When Inflation Comes a-Knockin'

  Published 18 November 2008 | viewed 4,763 times

  "Buy gold, silver and oil as fast as you can, you morons, or die a horrible death by inflation like the people of Zimbabwe!" Mike…

• Shielding the World from Financial Folly

  Published 14 November 2008 | viewed 4,231 times

  "Apart from the fact that the English philosopher Herbert Spencer said, 'The ultimate result of shielding men from the effects of folly is to fill…

• Wounded Wolves on the Financial Prairie

  Published 11 November 2008 | viewed 5,105 times

  "I assume that bond buyers are all drug addicts who are not aware of what they are doing, morons who are not aware of what…

• The Incredible Growing Government

  Published 07 November 2008 | viewed 3,208 times

  "And now that the governments of America have literally become the economy (and paying themselves handsomely in the process!), there is no way that the…

• Inflationary Record Book

  Published 05 November 2008 | viewed 4,337 times

  "With inflation in prices running at more than 10%, and inflation in credit running at up to 100% and more, bond investors are getting the…

• Nightmares of Financial Misery

  Published 31 October 2008 | viewed 4,845 times

  "But this monetary expansion thing is the stuff of nightmares, too, and one day soon you will wake up screaming in the middle of the…

• Reserved Seats for Big Credit Spenders

  Published 28 October 2008 | viewed 6,225 times

  "But whether they care or not, the fact is that last week the Federal Reserve boosted Total Fed Credit, namely the amount of fresh credit…

• The Velocity of Worthless Money

  Published 23 October 2008 | viewed 5,559 times

  "Although this ignores the ugly effect of taxes, which inexorably grinds the original dollar down to zero as it goes from hand to hand, it…

• A Little Thing Called Inflation

  Published 21 October 2008 | viewed 4,506 times

  "The Fed is now giving foreigners 'unlimited amounts of dollar funds', and yet I cannot get another dollar with which to turn my ordinary burger-and-fries…

• Dubai Reads from America's Economic Playbook

  Published 16 October 2008 | viewed 3,745 times

  "I don't know about how they do it in Dubai, but here in America, we destroy our money by creating more and more of it,…

• Currencies Battle for Dirtbag Supremacy

  Published 14 October 2008 | viewed 4,871 times

  "Equally weird is that gold is also paradoxically going down in price, even though the dollar is going down in buying power because inflation is…

• Gobbled Up by the Giant Derivatives Monster

  Published 09 October 2008 | viewed 4,403 times

  "Well, I say that these foreigners will turn up to loan us money as long as we have weapons, technology, land and useful assets to…