May 15

Another Signpost On The Road To Inflation

Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from…

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May 6

Krugman Finally Wins the Argument

Today’s world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode.…

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May 1

A Tale of Two Gold Miners

Gold has doubled since 2008, so you’d expect the gold mines that were green-lighted based on those old numbers to…

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Apr 27

Getting Out, Part One: Americans Renouncing Citizenship

Capital, like information, wants to be free. The idea that it should be limited to one country has always struck…

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Apr 17

Housing: New Bubble or More Trouble?

The in-laws own a gas station in Miami that they’ve wanted to sell for years. But they dithered when the…

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Apr 9

Turnkey Totalitarian State

New tech is always a double-edged sword, with benefits balanced to an extent by the risk of misuse by idiots…

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Apr 2

We Owe How Much??

One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of…

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Mar 29

The Flaw In Europe’s Austerity Plan: Elections

Getting Europe’s mainstream politicians and appointed technocrats to agree to bailouts and austerity was actually the easy part. The real…

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Mar 14

Are Treasuries FINALLY the Short of the Decade?

For years now, US government bonds have looked like terrible investments, what with those trillion-dollar deficits and multiple wars and…

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Mar 1

Dollar Going Out With A Whimper, Not A

Last year the US ran a $272 billion trade deficit with China, which means we sent the Chinese that many…

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Feb 16

Creeping Fascism, Part One: Return of the Company

The US government’s obliteration of the Bill of Rights via the Patriot Act, the recent defense bill that allows the…

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Feb 14

Next Up: Portugal

It looks like Greece will get its debt restructuring, which presumably delays its collapse by a few months. So now…

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Feb 5

Yet Another Make-Or-Break Week For Europe

Nobody really expects Greece to default on its debt and leave the eurozone. But Greek leaders do seem to be…

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Jan 29

A Shrinking Trust Horizon — And Hard Times

Nicole Foss, who under the pen name Stoneleigh co-edits the Automatic Earth website, just did a long-form interview with an…

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Jan 25

Fed To Markets: Buy Gold And Silver

The Fed just spoke. Here’s a slightly edited transcript: Blah blah blah … the economy has been expanding moderately ……

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Jan 23

Why Isn’t Illinois A Bigger Story Than Greece?

As the Greek default (and it is a default no matter what they end up calling it) is finalized this…

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Jan 20

Precious Metals Stocks: Diversify, Seriously

Gold and silver mining stocks will be the dot-coms of the second half of this decade. Yet most of the…

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Jan 17

Are We Really Going To Bomb Iran?

Just based on national balance sheets, 2012 will be somewhere between challenging and catastrophic. But debt and deficits might be…

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Jan 12

For Europe, Every Day Is A New Adventure

Europe’s parade of surreal financial news just keeps coming. This week, investors are paying Germany to take their money by…

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