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Gold Market Thoughts
Gold spot prices fell more than $50 on Friday, its largest decline in 20 months. This translated to a loss of $4.95 (-4.17%) to $113.75 on GLD, the SPDR Gold ETF. We have been trading GLD rather...
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Keynes's Guinea Pigs
Back in January of this year we wrote a post titled The Fed Will Buy All Treasury Bonds in Existence if Necessary. The aim of that post was to settle an argument over whether the Fed would actually...
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Food, Inc.
Food, Inc is a documentary film about the business of big agriculture in the United States. Down the winding road of the film you will begin to understand how a few large corporations have come to...
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Money as Debt II
A few years ago I stumbled upon a video on YouTube titled Money as Debt. The short animated film discusses the problem with building a monetary system comprised primarily of debt issued by private...
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DuckTales of Hyperinflation
DuckTales is a Disney animated show that aired from 1987 to 1990. The show is based on the Uncle Scrooge comic books and follows the adventures of Scrooge McDuck, the richest duck in Duckburg, and...
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Stock Market Update
It's confessional time and we make no bones about it. We missed the stock market rebound this year. We did not think stocks would go down necessarily, we just decided to not take on any big stock...
View ArticleJim Rogers: Advice for Tiger Woods
Jim Rogers has a knack for making great sound bytes but his latest interview has maybe my favorite one to date:Why are we listening to Mr. Geithner? Why are we listening to any of those guys down...
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Keynes Promoted the Destruction of Free Market Capitalism
This is part four of our discussion of John Maynard Keynes and his 1936 book The General Theory of Employment, Interest and Money. So far, we have uncovered some very interesting ideas buried in the...
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Hunter Lewis: Keynesianism is an Intellectual Bubble
Embedded below is a short interview with Hunter Lewis, the author of Where Keynes Went Wrong. We have not read this book yet but after reading a bit of Keynes ourselves, Mr. Lewis is basically stating...
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When Stable Value Isn't So Stable
A lot of uproar was generated last week because of an article posted on Zero Hedge titled This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied. The crux of...
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Freedom's Vision of Monetary and Political Reform
We are regular readers and commenters on the economics blog Nathan's Economic Edge. Nathan Martin of the aforementioned blog and Bill Still of The Secret of Oz have joined together to publish a...
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Hugo Chavez: The Mickey Mouse Presidente
Hugo Chavez: The Mickey Mouse PresidenteAs much as we enjoy criticizing the US government and its economic policies, from time to time we do like to remind ourselves how much worse things could be....
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The Crude Oil ETFs Stink!
A Norwegian oil rig collapses into the sea, just like the collapse of your oil ETFIn prior posts we have shown how, with commodity based ETFs (Exchange Traded Funds) and ETNs (Exchange Traded Notes),...
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Wall Street 2: Is Greed Still Good?
The sequel to the 1987 movie Wall Street, officially titled Wall Street: Money Never Sleeps, is due to hit theatres on April 23rd. The official trailer was released today so take a look:The Wikipedia...
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Keynes on Government Stimulus, Digging Holes
This is part five of our discussion of John Maynard Keynes and his 1936 book The General Theory of Employment, Interest and Money. So far, we have uncovered some very interesting ideas buried in the...
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Stock, Gold and the Dollar Market Updates
Friday was a wild day in the markets so it feels like a good time to provide an update.First up is stocks. The S&P500 started the week off strong, with up days on Monday and Tuesday. Wednesday...
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What's Wrong With Bank Stocks?
Since the middle of October, bank stocks have been trending down and are significantly under performing the general stock market. Take a look at the following chart. It compares the Dow (red),...
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What Does One Hundred Trillion Dollars Look Like?
This is a Zimbabwe one hundred trillion dollar bill, which debuted on January 16th, 2009 with a value at the time equivalent to $30. On April 12th this bill and all other Zimbabwe dollar notes...
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Greece and the EU in Denial
If you are an avid follower of financal news like us then you are no doubt aware of the Greek debt crisis. In fact, you pretty much cannot avoid it. We make no predictions on whether Greece will...
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Keynes: Let's Destroy the Value of your Money
This is part six of our discussion of John Maynard Keynes and his 1936 book The General Theory of Employment, Interest and Money. So far, we have uncovered some very interesting and often outrageous...
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