Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Gold rose on the news from Europe. Stock markets plunged around the world. So did the price of oil. Over the weekend, Eurozone bureaucrats at a closed meeting came up with a plan. The committee demanded that the government of Cyprus impose a tax of 6.7% on all bank accounts under $130,000, and close to [...]
Continue reading →In August 2011, the House, the Senate, and the President all agreed: taxes on all Americans would rise, and government spending would slow on January 1, 2013. They signed that law in order to get Republicans to agree to an increase in the government’s debt ceiling. They lied. They had no intention of raising taxes, [...]
Continue reading →Corporate insiders are selling their companies’ shares at a furious rate: almost 7 to one over purchases. Insiders have better information than the rest of us do regarding the future performance of their companies. This performance will presumably influence share prices. When insiders start selling, they think trouble is ahead. Better safe than sorry, they [...]
Continue reading →The Dow Jones Industrial Average climbed 207 points yesterday. The increase was based on a rumor that Obama/Pelosi/Reid are about work out a deal with Boehner/McConnell on taxes. There will not be a fiscal cliff. Obama was out of the country. Congress is home for Thanksgiving. No one with any authority could conform this rumor [...]
Continue reading →Why did George Lucas sell to Disney this year? To avoid the hike in capital gains taxes on January 1. If there is no delay worked out by late December, there will be lots of George Lucas imitators. So says an analyst on CNBC. So far, there has been no rush to the exists. That [...]
Continue reading →Morgan Stanley’s chief stock market analyst says that the Federal Reserve will go to QE4 by year’s end. Why? Because that’s what is needed to boos the stock market. Question: Since QE3 is open-ended, probably for two years, what meaning does “QE4″ have? Question: Since the Federal Open Market Committee (FOMC) has never referred to [...]
Continue reading →The woman, once known as “money honey,” abuses the privilege of not knowing her trade. She got a 30-minute interview with the founder and CEO of the largest hedge fund on earth, Ray Dalio. He rarely gives interviews. She got it because the Council on Foreign Relations invited him. Then it invited her. Why? She [...]
Continue reading →You had better read this article. I mean the whole article, not just my highlights. David Stockman gave an interview. He was the head of the Office of Management and Budget early in Reagan’s term. He quit. He saw what Reagan’s deficits would do. In 1977, when the federal deficit reached $54 billion, I predicted [...]
Continue reading →The news is bad from Asia. The stock markets are all down. News is bad from Europe. The stock markets are all down. Employment in Australia fell in June by 27,000 jobs. Yet Australia has been booming. China’s boom is faltering. The recession’s signs are spreading. South Korea’s central bank has announced an interest rate [...]
Continue reading →I have recommended that gold investors invest their first $10,000 in bullion coins, preferably American eagles for Americans and maple leafs for Canadians. Buy the coins that your nation’s mint produces. I have not recommended gold mining shares. The poor souls who invested in mining shares have lost their shirts. The “junior” mining share index [...]
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