Chinese Manufacturing Grows
The data cupboard’s results ended up being a bit better than expected, not by leaps and bounds, but certainly not the bottom of the barrel! The first revision...
Is Inflation “Too Low”?
John Mauldin, in his Frontline Weekly Newsletter, had a graph of Total Consumer Credit Outstanding, showing that it had peaked at the end of 2008 after running up...
Day Care or Default? – The long-expected decline of an unsustainable economic model
After so much traveling, we’re happy to stay at home this week and do our reckoning here. This past weekend, we got back from Florida only to depart immediately...
The Cost of Fed Incompetence
I have grown old yelling at my neighbors and family members to buy gold, silver and oil, to little-to-no avail, and I can see that they are getting bored with my...
How the Housing Recovery Affects Household Wealth Recovery
Last Friday, the Dow Jones Industrial Average tacked on 13 points, boosting its gains for the week to 145 points…and its gains for the last three weeks to...
Consumers Spending on Things They Need… And Not Much Else
We couldn’t help but chuckle at the following headline: “US Retailers and Suppliers See Consumer Spending Bouncing Back.” Here we go again. A survey by CIT...
China-Based Think Tank: China Would Crush the US in a Trade War
At present, perhaps the biggest element of tension between the US and China arises from Beijing’s sluggishness in allowing the yuan to strengthen appreciably....
The Woeful Results of Raising Taxes
I wearily wrote, “Dear Diary, I am even more convinced that we are freaking doomed because the Federal Reserve has created So Freaking Much Money (SFMM) when it...
Why People are Buying Gold Now
No, it wasn’t a one-day wonder. Gold is holding its own after reaching a record high. The yellow metal’s spot price jumped $25 an ounce yesterday, topping out...
The BCBS Influences Credit Markets for Years to Come
Over the weekend exactly two years ago, a few smartly dressed gentlemen gathered in an otherwise unremarkable boardroom in New York’s Wall Street district. They...
Bangladesh Latest Buyer in Central Bank Gold Game
It’s a relatively small gold purchase, amounting to only 0.3 percent of last year’s 4,000 tonnes of demand, but Bangladesh Bank, the nation’s central...
No Secret to Gold Investing. Just Accumulate.
Since I am known as something of a gold bug, a lot of people write to me about gold, but since I am a paranoid lunatic, I don’t read their letters, mostly because...

