Markets

Oct 11, 2005 at 00:00

I am only going to be updating the S&P due to the amount of time reworking the higher Degree Elliot Wave count. There is nothing significant in the overall interpretation…

Oct 11, 2005 at 00:00

With Halloween approaching we note that the Federal Reserve Chairman Alan Greenspan must be trying to cast out his inner demons. Steven Roach points out in this week's missive that…

Oct 10, 2005 at 00:00

Make no mistake - the Fed and the world's central banks are clamping down on liquidity. In my commentaries over the last six months, I have continually discussed the breakdown…

Oct 10, 2005 at 00:00

In light of society's harrowing addiction to government dependency these days, it's hard to believe that we used to be a nation in which a man was expected to take…

Oct 10, 2005 at 00:00

The 1970s was known for stagflation, a period of sluggish economic growth combined with high inflation. The 1970's is associated with a breakdown of the gold standard, high inflation, price…

Oct 09, 2005 at 00:00

The fundamental error of our financial policy lies in the attempt to create wealth by creating currency: it is putting the servant before the master -- the wrong power, in…

Oct 08, 2005 at 00:00

The masses are misled by the assertions of the pseudo-experts," wrote Mises, "that cheap money can make them prosperous at no expense whatever." The damage that the inflationary fallacy has…

Oct 10, 2005 at 00:00

Although Greenbacks are believed to be the main source of financing for the Civil War, they were not - government bonds were. The total emission of Greenbacks was under $850…

Oct 10, 2005 at 00:00

Although the S&P 500 and was flat, the Dow was flat, and the NDX gained slightly over the past three months, some areas of the market made significant advances, and…

Oct 09, 2005 at 00:00

Saving is no fun. Americans have very nearly given up the habit -- what good reason could there be for reducing consumption? The desire to avoid this painful choice has…