The More Corrupt the State, the More Numerous the Laws

In his first inaugural address, Thomas Jefferson said the purpose of government is to “restrain men from injuring one another” and “shall leave them otherwise free to regulate their own pursuits of industry and improvement.” Americans were to live … [Read more...]

The Fed’s Alice In Wonderland Economy – What’s Next?

By Nick Giambruno After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve. Ask almost anyone on the street for the name of the U.S. president, and you’ll get a quick … [Read more...]

Greece Should “Shoot the Dog and Sell the Farm”

By John Mauldin “If this were a marriage, the lawyers would be circling.” The Economist, My Big Fat Greek Divorce, 6/20/2015 Greece is again all the buzz in the media and on the commentary circuit. If you’re like me, you are suffering terminal … [Read more...]

Just When You Thought Bonds Were Safe

In today's article Jared Dillian compares the 2/10 yield curve to a "Double Black Diamond" ski slope. In other words, it's wickedly steep! The yield curve he is talking about here is the 10 year treasury yield minus the 2 year treasury yield. This … [Read more...]

Governments Around the World Outlawing Cash

Prove You’re Not a Terrorist By Jeff Thomas Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy … [Read more...]

God, Pascal, China and Japan

The 10th Man: Pascal’s Wager By Jared Dillian  Do you believe in God?Whoa, wait a minute, this is an investment newsletter, right? Stay with me. I’m an armchair philosopher, and I’ve always wished I’d had the opportunity to be a philosophy … [Read more...]

Should Airlines Be Stopped From Making Windfall Profits?

Many people believe that "Windfall Profits" are a result of evil corporations taking advantage of the poor "common man". In today's post Jared Dillian, editor of "The 10th Man" discusses how Oil prices affect the airlines and what is happening now … [Read more...]

Gold Up Almost Everywhere in 2014

When looking at prices of anything from cars to oil to gold or stocks... we need to keep in mind our personal frame of reference. We see prices as they are priced in our currency i.e. the currency that we earn in. Companies International companies … [Read more...]

The Oil Slump Will Hurt the U.S. Too

By Marin Katusa, Chief Energy Investment Strategist If you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot free. According to popular belief, America … [Read more...]

Why Russia is Unfazed by Falling Oil Prices

For a hundred years now oil has played a major role in the rise and fall of nations and economies. In recent articles we've told you about Russia Eying Crimea’s Oil and Gas Reserves and about the Total War over the Petrodollar and More on the … [Read more...]