Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on July 10, 2013
As soon as some major institution releases information showing that the economy is slowing, Wall Street jumps. Does this mean that the interests of Wall Street are against the Interests of Main Street? Yes. It’s not just Main Street, USA. It’s Main Street, China. A Reuters story announced today: (Reuters) – World shares pushed to […]
Continue reading →Written by Gary North on June 24, 2013
Asian stock markets have all fallen in recent days. There is a growing fear that the People’s Bank of China, the nation’s central bank, will continue to tighten money. This has driven short-term interest rates higher in China. This is a classic sign of the beginning of a recession. China’s statistics are sufficiently rigged, so […]
Continue reading →Written by Gary North on June 21, 2013
Stocks fell, bonds fell, gold fell, oil fell, commodities fell. All over the world, markets tanked. Why? Because Bernanke hinted that the U.S. economy is recovering, and the Federal Reserve may cut back sooner than expected on its trillion-dollar-a-year pump-priming operation. Bernanke is the equivalent of the head of the international drug cartel. He is […]
Continue reading →Written by Gary North on June 20, 2013
All over the world, stock market investors care mainly about two things: (1) the Federal Reserve System’s Open Market Committee’s press release, which rarely changes; (2) rumors about forthcoming changes in the opinions of the soon-departing Ben Bernanke, whose opinions are identical to the FOMC’s. Every six weeks, the FOMC issues a press release. These […]
Continue reading →Written by Gary North on March 18, 2013
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 →Written by Gary North on December 27, 2012
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 →Written by Gary North on December 19, 2012
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 →Written by Gary North on November 20, 2012
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 →Written by Gary North on November 13, 2012
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 →Written by Gary North on September 26, 2012
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 […]
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