Jun 11

Educating the Fed and Climate Alarmists

In bowing to the powers of political correctness, I would like to apologize for the title of this address. To…

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Feb 20

Peak Oil: Update

"Peak Oil" has been the theory that the US, in particular and the World, in general would run out of…

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Nov 11

Extraordinary Fed Funding

World War II was prosecuted in the defense of freedom... (more...)…

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Jun 26

Disorderly Credit Markets

As we have noted, in the credit markets, the term "Disorderly" is a euphemism for "Crash". And this is the…

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Jun 14

Inflation Is Instantaneous

The financial mania climaxed as a complete bubble in 2007. Virtually, this replicated the conclusion of all of the great…

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May 30

The General Theory of Authoritarianism

There are any number of names that can be used to describe the Administration’s policies. However, in this polite assembly…

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May 24

Interesting Action

Wednesday clocked some reversals that were attention-getting. Key sectors recorded dramatic "Outside-Reversals-To-The-Downside".  These include the senior stock indexes a well as Transports,…

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Jan 11

Outlook 2013 The Year In Cliches

The "January Effect". Stock market action in the first week will determine the trend for the rest of the year.…

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Jan 9

Danger!! Reaching For Yield

These gems are from the January 4th edition of the Financial Times, and the following cartoon provides a vivid illustration…

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Sep 10

Preparing for the Fall

In a world of uncertainty, in one sector there is a lot of certainty. The interventionist establishment remains confident that…

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Dec 27

Princely Finance and Taxation

One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended…

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Oct 19

Massive Struggle

No doubt policymakers still consider themselves as the powers of light in a financial world that would otherwise be dark…

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Aug 12

The Party’s Over

As the song goes "The party's over--it's time to call it a day" The ChartWorks "Buy-Buy Bonds" was nicely timed with…

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Jun 30

Sovereign Debt Follies

Another episode of sovereign defaults seems to be well under way, which prompts the question about just how bad can…

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May 19

Riots, Revolutions and Great Reformations

Forgive me, but I have to start with an illustrative joke from the early 1950s. A beatnik is standing at…

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