Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Members of the small union that refused to bargain with Hostess are now looking for work. “I guess we showed ‘em.” Yes, they did. They are on food stamps now. They are receiving their unemployment checks from the federal government. The taxpayers are paying for their stand against the capitalists who owned Twinkies. With respect [...]
Continue reading →The chart tells all. From over $700 to $450: this is a disaster. Simple: regression to the mean (RTTM). The poor saps on Wall Street never saw it coming. The funds loaded up. Here was a sure thing. It could not lose. Here is a recent article on what happened: How Apple Ate Wall Street. [...]
Continue reading →Gary North’s Reality Check (Oct. 9, 2012) Most of the academic economists I know were able to retire rich. I define “rich” in a special way: the ability to quit your day job, retire permanently, and not suffer a reduction in your lifestyle. There are a lot of people who think the government has promised [...]
Continue reading →You don’t need New Year’s resolutions. You need a lifetime plan. This is simple to say but difficult to do. I came across a very good article on this. Being a mature man means knowing what you stand for and where you’re going in life. A man always has a plan, especially for something as important as [...]
Continue reading →When a dictator dies, this is for liberty. Liberty is good for free markets. Free markets are good for stocks. Yet stocks fall when a dictator dies. Kim Jong-il has died at age 69. He was the next-to-last Communist. Only the Castro bothers remain. His son is an unknown. Whether he can hold onto power [...]
Continue reading →According to gold coin broker Peter Schiff, you should not buy numismatic coins as your first purchase. Rare coins are for collectors. The person who is seeking a safe haven for his money should buy bullion coins, such as American gold eagles, South African Krugerrands, or Canadian maple leafs. But what about the threat of [...]
Continue reading →Karl Denninger sometimes writes some choice stuff. He follows the capital markets. He thinks the endgame scenario in Europe marks the beginning of the end. I’m not equally sure. The New World Order brigade has a lot of inflating to do between now and the end of the inflationary road. Denninger’s summary of the welfare [...]
Continue reading →The main story of MF Global is that the crisis in Europe brought it down. Wrong story. The main story is that the firm dipped into customers’ paid-up accounts and moved the money. Where to? It’s not clear. How much money? It’s not yet clear. It may be over a billion dollars. This is illegal, [...]
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