Greece Enters Its Crack-Up Boom
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively
Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only two ways: Continued austerity which
The homebuilders are happy. US retail sales are up. Even France is “turning the corner.” And now the Atlanta Fed, which has lately been both
Let’s see…a heavily-indebted country can’t pay its bills, engages in a long series of failed attempts to manage a partial, controlled default, sees most of
The splash that BitGold made recently by buying GoldMoney led many (including this writer) to assume that the Canadian start-up was pioneering the gold-backed currency
Gold bugs around the world got a shock a few weeks ago when a tiny Canadian start-up called BitGold bought venerable GoldMoney, the second biggest
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal
One (perhaps the only) bright spot in the past few years’ gold market has been Chinese and Indian demand for the metal. Here’s a chart,
US factory orders tanked again this morning, and were generally reported that way at first. To take just a few of the low-lights: Factory orders
Intel is buying chip maker Altera. Charter is buying Time Warner Cable. All the big drug makers are buying all the mediums-sized ones. Great news,
A recent Goldman Sachs report explains where this year’s stock market profits (should there be any) will come from: Buybacks and Dividends All That’s Left
The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a
Stories about insane prices being paid for unique (and some not so unique) things are now a daily occurrence. A few examples: Picasso’s Women of
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of
Most talk of currency war focuses on the problems caused by countries devaluing their money. This does indeed cause a lot of problems, especially long-term
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