Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on October 30, 2014
I begin with a chart. This tracks the yield curve for U.S. Treasury debt. The curve is the interest rate that investors are paid to turn their money over the the Treasury, meaning to Congress. This curve looks very steep. It is very steep. But take a closer look at it. The top rate is […]
Continue reading →Written by Gary North on October 4, 2014
Recently, I had some fun with John Mauldin’s 65th birthday. I kidded his strategy. Mauldin is famous in the financial publishing industry for his pioneering strategy of publishing articles by some of the nation’s most astute financial commentators in his weekly newsletter. Then, a year later, when some columnist’s warning comes true, investors around the […]
Continue reading →Written by Gary North on October 2, 2014
MarketWatch ran an article promising never to have another photo of traders on the New York Stock Exchange. There is a reason for this: there aren’t any. Well, there are a few. But most of them are gone. They have been replaced by algorithms. What has happened to the commodity trading pits has happened to […]
Continue reading →Written by Gary North on September 26, 2014
One year ago, Jim Willie made a big mistake. He wrote off Murray Rothbard as a dolt. He did not mention Rothbard by name. He was too smart for that. He simply dismissed Rothbard’s description of how the Federal Reserve System works. Jim Willie thought he knew better. I warned him about this. He ignored […]
Continue reading →Written by Gary North on December 3, 2013
In 1637, the tulip bulb investment mania peaked in Holland. It had made some people rich. Now it was about to make others poor. Bulb prices rose steadily throughout the 1630s, as ever more speculators wedged into the market. Weavers and farmers mortgaged whatever they could to raise cash to begin trading. In 1633, a […]
Continue reading →Written by Gary North on November 29, 2013
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.) To explain my position, I must do two things. First, I will describe the economics of every Ponzi scheme. […]
Continue reading →Written by Gary North on June 5, 2013
This is how to make a promo. It is a promotion for the major libertarian event of the year. This is “the gathering of the tribes.” Are We Rome? FreedomFest 2013 from Smooky on Vimeo.
Continue reading →Written by Gary North on May 30, 2013
Bonds pay little interest, thanks to (1) the Federal Reserve’s QE3 program (2) the banker’s unwillingness to lend and the borrowers’ unwillingness to borrow. Future price inflation will raise rates. Rising rates will lower the market price of bonds. Buffett sees what is coming. He prefers stocks. One plain vanilla promoter of bonds is upset. […]
Continue reading →Written by Gary North on January 29, 2013
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 →Written by Gary North on January 25, 2013
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. […]
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