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Last week, a buddy from college sends me an email: “Hey, I got a little bit of cash sitting around, earning next to nothing in a savings account. Anything you’d recommend to get this cash working for me?” “Not really – everything looks pricey right now…hey, does that mean you paid off your law school […]
Volatility on the S&P is nowhere to be seen these days – perhaps the market crash was merely a figment of our imaginations! The VIX is low, and it continues to head lower. (Source: Yahoo Finance) As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a […]
In the latest Casey Report, Doug Casey has a great rant about the pointless US Census – we’ll see if we can republish it here at some point. Towards the end, Doug shared a link to a Christopher Walken SNL skit that is absolutely hysterical. If you, like me, are disgusted at the entire process […]
The bond vigilantes are circling the wagons in Greece, as investors are coming to grips with the obvious fact that Greece is not going to be able to honor its debt obligations. Yields on Greece’s 10-year bonds soared above 7 percent today. Reuters reports: Jitters about Greece resurfaced following reports that Athens wants to amend […]
Can you spot the trend? Chart courtesy of http://www.calculatedriskblog.com/ Hat tip to friend, reader, and monetary expert Dave for sending this gem along. For further reading on the real estate trainwreck, check out this interview with real estate entrepreneur and guru Andy Miller.
Quantitative Easing Ends (At Least For Now) April 1st marked the end of the Fed’s renowned money printing program, also known as “Quantitative Easing” for those who prefer to stick their heads in the sand and ignore what’s actually happening. From The Daily Reckoning: Under the (QE) program, the Federal Reserve graciously bought $1.25 trillion […]
Great piece by Clay Shirky entitled “The Collapse of Complex Business Models.” It’ll make you think, for sure, as Clay points out the mysterious tendency of complexity to simply collapse throughout human history – think Romans, Mayans, etc. Sometimes the more a society or sector advances, the stronger the pull back towards simplicity – with […]
Forget too big to fail – how about too drunk to fail! Reason magazine reports that a NYC bar is turning to free market economics to guide it’s happy hours: What’s the value of a pint of beer? Let the market decide, says a new restaurant in Manhattan where prices for food and beverages will […]
Legendary investor John Templeton, who passed away in 2008, penned a final memorandum a few years before his passing entitled “Financial Chaos”, in which he predicted bad things ahead for us. A very sharp final call from a guy renowned for them throughout his career. Here are the prescient comments that Sir John left us […]
Is government a necessary evil, or is it completely unnecessary altogether? We’ve touched on this subject briefly before, when I shared my thoughts on The Market for Liberty, in which Linda & Morris Tannehill make the case not only for limited government, but for NO goverment at all! (Man I’d love to have been around […]
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