You know they are trying to accomplish this ignominious feat. The goal is to keep Americans in an economic stupor. It is working.
Lies and deceit are pervasive. Newspapers, magazines, TV broadcasts, economic analysis and official prognostications are all based on shady statistics. Junk in… junk out.
Can the Feds Lie Their Way Out of a Depression? Read More »
When I was a kid my Dad used to complain about people taking a “five fingered discount” referring to those who lifted things that didn’t belong to them. In this article we have Jeffrey Kennedy the Chief Commodity Analyst at Elliott Wave International talking about how the stock market can take a five fingered discount from your portfolio.
The Stock Market’s Five Fingered Discount Read More »
Recently I received this question about I-bonds. I-bonds are inflation adjusted Treasury bonds. The amount they pay is adjusted twice a year to compensate for the effects of inflation. I am a holder of Treasury I bonds (adjusts to the CPI every May & Nov.) Last November the CPI that Treasury used was 2.8,
Why are my “I-Bonds” paying so little? Read More »
I recently received the following question from a student at Virginia Commonwealth University and I thought I would pass on what I told him. Question: This past Wednesday I talked to two guys who had both bought the Iraqi Dinar in large amounts. I figured you might have some financial thoughts on this investment and
Anyone who has spent much time on this site is familiar with Robert Prechter’s Elliott Wave. His fantastic team has been providing us with individual articles and links to some excellent information over at elliottwave.com. Their experienced analysts keep a constant eye on the markets, and provide insights into trends that are available nowhere else.
Elliott Wave Books Read More »
If you have ever bought a fake gold coin on eBay it can be a heart wrenching experience… let me tell you! Fortunately, my story has a happy ending (for me at least). After paying to get it certified by one of the big coin graders (PCGS or NGC), (I was told it was a
Detecting Fake Gold Read More »
Are Banks Going Bankrupt? “NO!”, say banks By Olivier Garret, CEO, Casey Research On April 21, Treasury Secretary Timothy Geithner said the “vast majority” of U.S. banks have more capital than needed. “Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators,” Geithner said in
Banks are Still Not Healthy Read More »
We don’t often think about where gold mines come from. But if we did… we’d realize that gold mines don’t have infinite supplies of gold and when the gold runs out they need to find a new source of gold… or go out of business. So where do gold mines get new gold? In the
Big Gold Miners Need a Minor League Read More »
I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?
Obama Wants to Control the Banks Read More »
Editor’s Note: Just thought I’d pass along a little story (not mine). On vacation in Rome, I noticed a marble column in St. Peter’s with a golden telephone on it. As a young priest passed by, I asked who the telephone was for. The priest told me it was a direct line to Heaven, and
