Argentina Coming Apart at the Seams… Again

As you've probably heard Argentina has defaulted on it's Sovereign debt. This is the second time in 12 years that Argentina is defaulting. Of course the Kirchner Government is trying to blame the U.S. for their troubles by saying that it is our … [Read more...]

Central Bank Smackdown

By John Mauldin Smackdown: smack•down, ?smak?doun/, noun, US informal 1.  a bitter contest or confrontation. "the age-old man versus Nature smackdown" 2.  a decisive or humiliating defeat or setback. The term “smackdown” was first used by … [Read more...]

Yellen’s Wand Is Running Low on Magic

The FED Thinks it has a "Magic Wand" that can boost the economy and solve all of our country's problems. But as interest rates near zero... By Doug French, Contributing Editor How important is housing to the American economy? If a 2011 SMU … [Read more...]

Edgar Allen Poe vs. The FED

Quoth the Maven, “Evermore” By Grant Williams On January 29, 1845, the New York Evening Mirror published a poem that would go on to be one of the most celebrated narrative poems ever penned. It depicted a tragic romantic's desperate descent … [Read more...]

The Difference Between FIAT and Real (Music and Gold)

Fiat money is currency that the government declares to be legal tender but has no intrinsic value of its own. In today's article Grant Williams takes that concept and applies it first to the music industry and then takes the lessons learned and … [Read more...]

Libertarianism, the Government Shut-down and More

Born Libertarian: Doug Casey on Ron Paul and the Price of Freedom By The Gold Report The Gold Report: Doug, we are at your conference in Tucson, Arizona, the day after former Congressman and presidential candidate Dr. Ron Paul gave the keynote … [Read more...]

Will the Labour Party Help or Hinder U.K. Business?

In the U.K. the opposition party appoints a person to "shadow" the person in office thus learning the job and able to speak intelligently about alternative policies. Following the speeches of Shadow Chancellor Ed Balls and Party Leader Ed Miliband, … [Read more...]

With Summers Out: Which Way for Stocks?

I've never been a fan of Larry Summers. Perhaps he was too smart for his own good. After all, he was responsible for driving Jack Meyer out of managing the Harvard endowment fund. Meyer took the Harvard Endowment from $4.8 billion to $25.9 billion in … [Read more...]

Is Obama’s Black Swan Coming Soon?

What is a "Black Swan"? According to Wikipedia... The phrase "black swan" was a common expression in 16th century London as a statement of impossibility. The London expression derives from the Old World presumption that all swans must be white … [Read more...]

Obama’s Comments Worry Stock Bulls

In my recent NASDAQ ROC stock commentary I said, Caution: Watch for the next sell signal. From the sell signal in July of 1996 to the final Sell signal in April of 2000 was roughly 3 ½ years. The time from the sell signal in April 2004 until the … [Read more...]