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I Want My Free Markets Back, Dammit
I'm sick of all the failed interventions, regulations, stimulus plans, bailouts, off-balance sheet hidden losses, Too-Big-To-Fails, politically-chosen winners and losers, save-me-from-myself Nanny State crapola. Whatever else it is, you can rest assured Obama's coming "jobs" [...]
Chavez Chucks A Hand Grenade: This One Goes Off
In case you've been living under a rock, this morning (8/19) gold reached a new all-time peak of $1878.00 per troy ounce. Rumblings of backwardation (a kind of market price inversion where a premium is [...]
Home Prices: Mean Reversion With A Vengeance
Presented without additional comment: the price of an average U.S. house, priced in ounces of gold. The chart is from a May 2009 article. As of today, the ratio is down to 95.