Negative Interest Rates Are Not Normal
You borrow the money. You buy the house. You sell the house 20 years later…and you give back the money. You would have enjoyed two decades of free housing.
America Has Been Declining Since 2000
In the 21st century, GDP growth rates slowed. Debt increased. Imports soared; exports slumped. And the perversities and absurdities increased.
Inverted Yield Curve Signals Coming Recession
When the economy is healthy and growing, people buy stocks and the index generally goes up. When it is fearful and correcting its mistakes, they buy gold and the index goes down.
Inflation Has Eroded the US and Chinese Economies
Like a powerful drug, the phony money corrodes and disfigures your economy. Your teeth rot; your brain shrivels.
The Fed Should Let the Market Set Rates
Faced with the next crisis, the grease monkeys at central banks are going to do what everyone expects them to do. They’ll turn the screws on savers, harder than ever.
Does Dow History Tell Us We’ve Already Seen America’s Peak?
Markets, economies, and even empires move in great, long-term swings. Sometimes they are forward-looking and expansive. Sometimes they retreat…
What Our Grandkids Taught Us About Buying the Dip
Why is the average US man poorer today than he was 45 years ago? His income is lower. And a typical lifestyle costs him twice as many work hours as it did then.
Gold Tells Us the Stock Market’s True Condition
You could buy the Dow with 40 ounces of gold in January 2000. By January 2011, the Dow 30 stocks would cost you only 8 ounces.
Smart Money Should Beware of a Bear Market Bounce
Gold is real money. So, we measure real wealth in real money…and we compare it to dollar prices.
What the US Government Isn’t Telling You About the Trade War with China
Stocks lost $1.4 trillion in value over the last few trading days. The press is reporting it as a ‘monster bloodbath.’
Why We’re Raising Our ‘Crash Alert’ Flag
So far, the big, fat, ugly Dow has sat on the wall and stubbornly refused to tumble. But last week, Donald J Trump gave Humpty a shove.
The Government Encourages Debt and Destroys Capital
The politicians and do-gooders like to talk about government ‘investing’ money. But it is rare that government spending produces any positive return at all.
The Interest Rate Cut Was the Biggest Mistake in Federal Reserve History
The Federal Reserve whittled down its key lending rate by 25 basis points, in what was probably the biggest mistake in Fed history.
Beyond Meat’s Stock Attracts ‘Dumb Money’
Beyond Meat — a company that sells imitation meat products — got whacked with a 12% loss. That still left it nearly 10 times above its initial offer price.
Donald Trump and Elijah Cummings Are Both Betraying Voters
When you accuse someone of being ‘pusillanimous,’ it has real meaning. As does ‘ignorant.’ Or ‘vain.’