Goldhead revisited
byThe following article first appeared in the print edition of The Spectator magazine, dated 4 May 2013. Few assets are more misunderstood than gold….
Laying the Foundations
byAs the Yellen Fed inches painfully towards taking its first ‘data-dependent’ steps to raise rates (albeit with the promise that such a process will…
Central Banks and Our Dysfunctional Gold Markets
byArticle by Marcia Christoff-Kurapovna. Source: https://mises.org/library/central-banks-and-our-dysfunctional-gold-markets Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to…
Zero Hedge: It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic
bySource: http://www.zerohedge.com/news/2015-07-26/its-not-just-margin-debt-presenting-complete-chinese-stock-market-ponzi-schematic Late last month in “The Biggest Threat To Chinese Stocks: Shadow Lending Crackdown“, we suggested that the pressure on Chinese equities –…
Gold and Gibson’s Paradox
byThere is a myth prevalent today that the gold price always falls when interest rates rise. The logic is that when interest rates rise…
Steve Baker Treasury Select Committee Compilation
byEditor’s Note: In light of Steve being re-elected to the Treasury Select Committee here is a short compilation of some of last year’s highlights….
Jeffrey P. Snider: There Are No New Banks; Dodd-Frank Hits Five
bySource: http://www.alhambrapartners.com/2015/07/21/there-are-no-new-banks-dodd-frank-hits-five/ Today is the fifth anniversary of Dodd-Frank, the erstwhile government response to assure that the Panic of 2008 does not repeat. It…
Zero Hedge: Portugal’s Debts Are (Also) Unsustainable
byPortugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans…
David Stockman: Take Cover——Wall Street Is Breaking Out The Bubblies
bySource: http://davidstockmanscontracorner.com/take-cover-wall-street-is-breaking-out-the-bubblies/ Let’s see. Google’s record market cap gain on Friday was actually a squeaker. At $66.9 billion it easily passed in one day the entire $50 billion market cap…
Investing in the right place
by“That men do not learn very much from the lessons of history is the most important of all the lessons of history.” – Aldous…