gold

Wow! That was an exciting, but stomach churning day in the markets. The Dow was way down, 358 points. Oil soared to a new high over $140 a barrel. The Euro hit a record against the yen. The TED spread is rising. Did I miss anything?…

These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article's bullish call on commodities, I know that Faber is on the record as saying that oil is due for a…

Last Monday, I warned of the ill effects that flooding would have on our pocketbooks in the post Floods increase the chances of inflation. Unfortunately, we have seen renewed flooding in the Midwest this week as well. The total impact…

George Soros talked to the Telegraph, and in an article released today, sounded very downbeat about the prospects for the UK economy. M. Soros also said that their were many fundamental supports for the price of oil, including supply ad…

I caught an interesting letter to the editor at the New York Times. We really need to think about which alternative energy sources we use and this letter highlights the fact.Re “Bring On the Right Biofuels,” by Roger Cohen (column, The New…

Steve Hanke, a libertarian economist who writes for Forbes, argues that the Fed is panicked about the economy in a piece that came out today. He believes they have lowered the Fed Funds interest rate to where inflation is now a problem.…

When the going gets tough, the tough turn into populists. Or at least that's what we have seen time and again throughout history. In the 1930s, as the Great Depression was savaging the American Economy, people trembled in fear at the…

Earlier today in the news, it was revealed that our top man in the military in the Middle East, William J. Fallon has asked to retire and resign from his post (see story)This story may seem innocuous and of little to no consequence at a…