Regular readers know my feelings regarding the stock market and how it is likely greatly overpriced. I consider it insanity to be putting money into today’s markets (other than selected investments pertaining mostly to “hard assets.” Michael Panzner has provided the perfect “a picture is worth a thousand words” illustration of market apparent irrationality. He [...]
Archives for August, 2011
A wonderfully simple explanation of government and how it plunders. The political parasites have grown fat at the expense of the productive. How long will this continue?
There was no joy in Mudville Jackson Hole this year. The central bankers of the world have mucked things up so badly that not even their fancy words and Wizard of Oz pronouncements were enough to penetrate the gloom. The US economy and Ben Bernanke’s optimism have deteriorated from the prior year. Fed policies have not worked, [...]