Gas Prices Rising: Why, Again?

In a prominent article in yesterday's Richmond Times Dispatch (front page, above the fold), the paper reported that gasoline prices could reach $4 per gallon by June. The article went on and on about middle east tensions, "risk premium," "the Iran factor" and so on. Interestingly, the word "demand," as in "gasoline demand," appears only [...]

By |2012-02-18T20:19:12-05:00February 18th, 2012|Economy|1 Comment

Megan Greene: “It’s Very Difficult To Draw A Line Under This Eurozone Crisis”

20 minutes. This is an excellent, mostly plain-language description of the failing paradigm that confronts the EU. If you listen carefully, close your eyes and substitute "the United States" for "the Eurozone," you will hear a description of exactly what is headed our way. The interviewer, Michael Hewson, at 1:30: "We've had numerous EU (for [...]

By |2011-12-25T01:39:49-05:00December 24th, 2011|Economy, Media, Video|0 Comments

This Isn’t Supposed To Be Happening

The August employment report, ZERO new jobs, was a wake up call. What's going on? The mainstream press has gone to great lengths to convince us that the wise economists in their lofty heights of academia have broken economics down to a science. They'd like us to believe the economy is like some purposely-built machine [...]

By |2011-09-04T22:39:00-04:00September 4th, 2011|Economy|0 Comments

Dallas Hedgie Convinces University of Texas Endowment To Buy Physical Gold

And, like everything in Texas, they do it BIG: From Bloomberg: The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board. The decision to turn the fund’s investment into [...]

By |2011-04-17T21:19:53-04:00April 17th, 2011|Economy|1 Comment

Mining Company Shifting Assets Out Of U.S. Dollar

Full Disclosure: I own stock in this company (PAAS). This is not investment advice, and I am not a financial professional. You should consult a licensed investment professional before investing any money in anything. Bloomberg reports: Pan American Silver Shifts Assets to Canadian Dollars Pan American Silver Corp., the world’s fourth-largest silver producer, said it’s [...]

By |2011-03-24T12:41:06-04:00March 24th, 2011|Economy, Video|1 Comment

An Examination of Available Data: Part 1

What a difference a little disclosure makes. For the remainder of this article, remember this timeline: Bear Stearns crisis, March, 2008. Lehman Brothers bankruptcy, September 15, 2008. TARP, October 3, 2008. AIG Financial Products taken over by Fed and given $85 Billion loan: September 16, 2008. Wikileaks brings us this information via U.K. Guardian from [...]

By |2010-12-19T14:41:43-05:00December 19th, 2010|Economy|0 Comments

Financial News Update

There's a lot happening, so this installment is teasers and links to several important financial news items. Bloomberg: Bernanke Asset Purchases Risk Unleashing Inflation (Update1) Bernanke next week is likely to preside over a decision to launch another round of large-scale asset purchases after deploying $1.7 trillion to pull the economy out of the financial [...]

By |2010-11-01T19:17:28-04:00November 1st, 2010|Economy|0 Comments

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