"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •508 days | 2,368.70 | +35.30 | +1.51% |
|
Platinum •15 mins | 1,532.00 | +7.80 | +0.51% |
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WTI Crude •11 mins | 57.73 | -0.33 | -0.57% |
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Gasoline •35 mins | 1.873 | -0.011 | -0.58% |
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Ethanol •508 days | 2.161 | +0.000 | +0.00% |
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Silver •508 days | 30.82 | +1.16 | +3.92% |
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Silver • 508 days | 30.82 | +1.16 | +3.92% | |
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Copper • 508 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.21 | -0.35 | -0.56% | |
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Natural Gas • 14 mins | 4.473 | -0.107 | -2.34% | |
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Heating Oil • 19 mins | 2.431 | -0.025 | -1.03% |
Markets
Oh, Magoo, You've Done It Again!
Alan Greenspan's instinct for self-exculpation reached new heights in the March 17, 2008, Financial Times. In "We Will Never Have a Perfect Model for Risk," he writes a model essay…
Welcome to the Future
Deflation was the scourge of the first great depression, and it is what Bernanke was hired to prevent. With his years of study and deep knowledge of the Great Depression…
Stagflation and Other Misconceptions
The perceived need to have a distinct label for the supposedly strange coupling of rising prices and falling growth stems from the erroneous belief that strong economic growth causes prices…
The US Dollar Index: The Bear Market Carries On!
While the past is not always a reliable guide as to what the future may bring, it can give us a prescience of what may lie ahead. The chart below…
Oops and a Triple Yikes!
Financial distress continued through the weekend, which inspired policymakers to heroic, but nevertheless orthodox remedies. The notion that some philosopher-king and his committee can prevent or defer the severe credit…
Bear Stearns, Liquidity and Bank Run
Bear Stearns is in a worse situation than LTCM in the sense that clients of hedge funds have many limitations to withdraw their capital, and they can not withdraw at…
Inflation Is Baked into the Cake
The word "inflation" covers two different concepts, and it's important to keep them separate. One concept is monetary inflation, which is when the supply of money increases faster than the…
The Dual Paradigms Of Macro Economic Conditions Today
Many are now categorizing current macro economic conditions as being an instance of stagflation. And while current circumstances definitely appear to be so, in my opinion one needs to go…
Game Theory
Are politicians giving in to the greedy interests of the Wall Street power brokers simply to gain brownie points during election season or is there something more powerful at work…
Perestroika for the USA
Increasingly the US economy is beginning to look like that of the Soviet Empire before its collapse. The authorities there simply wallpapered over the rot of a sclerotic economy and…
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