“Patriots Investigation Will Take Some Time.” — Judge Crater

Posted on January 27, 2015

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Any notion that the NFL’s investigation into the New England Patriots’ usage of underinflated footballs during the AFC Championship Game might be done prior to the kickoff of Super Bowl XLIX can pretty much be put to rest. Ted Wells, who was appointed by the league to assist with the ongoing probe, released a statement […]

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Junk Bond Oil Slick

Posted on January 27, 2015

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By Wolf Richter Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak. “If prices […]

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Video: Obama, Yellen, and Ray Stevens

Written by Gary North on January 26, 2015

Ray Stevens had it right until QE3 stopped. But now Dr. Yellen faces a problem. Who will fund the federal deficit, now that she and the FOMC have stopped buying debt with counterfeit money? At what price (interest rates)? For how long?

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Greek Voters Stick It to the Eurozone Good and Hard

Written by Gary North on January 26, 2015

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Greek voters have elected a Marxist political party. The party ran on this slogan: “Spend, spend, spend.” It is a popular slogan. The party will start ramping up the welfare dole. It’s Keynesian welfarism forever! But where will it get the money? There are two ways: (1) default on the government’s debt to large European […]

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Housing Bubble II: The Feds Are at It Again

Posted on January 26, 2015

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Uncle Sam wants to make it more affordable for Americans to buy their first home. The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance. The changes center on the Federal Housing Administration and mortgage […]

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My Latest Book: Free

Written by Gary North on January 24, 2015

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My new book is now typeset: The Covenantal Structure of Christian Economics. You can download it here: http://www.garynorth.com/CovenantalEconomics.pdfIt is different from every other book you have read on economics. It begins with this question: “Who owns this?” This is the most divisive question in economic thought. Because it is divisive, economists ever since Adam Smith […]

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Thinking Biblically About Economics Isn’t Easy

Written by Gary North on January 24, 2015

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With the digital publication of my book, The Covenantal Structure of Christian Economics, I have reached what could be called the penultimate stage of my calling. It took 55 years. The ultimate stage will be a multi-volume work on Christian economics. It will cover the actual economic operations that I describe in my recent book. […]

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