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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.

  • 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 3,782 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 4,025 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 5,340 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 4,075 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 4,288 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 3,879 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 4,225 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 5,102 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 3,204 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 4,333 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 4,843 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 6,223 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 5,550 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 4,503 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 3,741 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 4,867 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 4,399 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…