Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
The Institute for Supply Management issues a monthly report on economic conditions in business. It is based on a comprehensive survey. Investors pay attention to this report. The report for February was positive for manufacturing: above 50. But it was lower than for January. “The PMI registered 52.4 percent, a decrease of 1.7 percentage points [...]
Continue reading →The Case-Shiller housing price index fell 1% in December. That was down 4% for 2011. This index is an average of three months. The last time the index was this low was in 2003. That means that nine years of investment returns are zero. But of course, the returns are negative. The houses are older. [...]
Continue reading →Gasoline prices are up since December. (So is the price of gold.) President Obama says there are no quick fixes. He is correct. The fear over an attack on Iran is driving up oil prices. The week after Israel attacks Iran, you can figure gasoline prices will be 50% higher. A month later, maybe another [...]
Continue reading →President Obama hopes that good news on the job front will guarantee his re-election. That hope is about to hit the statistical wall. A hullabaloo broke out on February 3 after the BLS released its jobs report that indicated that a surprisingly robust 243,000 jobs were created in January, and that the unemployment rate had [...]
Continue reading →Gegor McDonald is an authority on peak oil. Here, he is interviewed by GoldMoney, the gold bullion storage firm located in Great Britain, but run by an American, James Turk. * * * * * * * * * * * * *Why do you think so many people are reluctant to accept the concept [...]
Continue reading →Most Americans are so far in debt that a missed paycheck would produce a family crisis in a one-paycheck family. Three in a row would produce a disaster. Families in this situation will use credit cards to draw out the inevitable. This digs the hole deeper. The job market is slowly getting better, but for [...]
Continue reading →China’s imports are slowing. This indicates that economic growth is slowing rapidly. Imports are at their lowest in two years. Bank lending is also slowing. Because banking is run by the government, this could reverse if the national politicians decide to inflate. It has begun to do this, but not aggressively. “I think that liquidity [...]
Continue reading →The news out of Greece today is that the Sunday agreement of the Greek government to the $4.4 billion austerity package will enable the government to get the next round of bailout money. This is supposed to solve the Greek crisis for now. It will not solve it for long. I spoke yesterday with a Greek [...]
Continue reading →In 1976, you could buy gold legally at $106. In January 1980, it hit $850 for one day. Then it fell for the next 21 years. What abiut today? Are we facing that kind of roller-coaster ride? The self-proclaimed experts who told you NOT to buy gold in 2001 at $257 tell you not to buy [...]
Continue reading →We hear the word “collapse” all the time. The word does not make sense in a free market economy. Collapses come all at once. Prices on a free market change, forcing people to adjust. We can get erosion. We can get recession. Short of a war scenario, such as biological pandemic, we cannot get a [...]
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