Monty Pelerin's World

Economic, Financial and Political Analysis

Archives for August, 2011

The Dope Gap

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 [...]

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So, Gold Got Hit. So What!

Recent activity in the price of gold is put into perspective by Eric Fry: In the span of just a few trading days last week, the gold price plummeted from a high of $1,910 an ounce last Monday to a low of $1,712 three days later. The folks who never owned gold in the first [...]

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An Untenable Arrangement

apocalydeesdeoc

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?

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President Empty-Suit

President Obama came into office a mystery. Similar to the mythical Bagger Vance, he appeared out of the mist. No one knows where he came from (or was born) or much of his past. Even places he claims to have been, there are few if any who remember him. For one so blessed with charisma, [...]

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No Joy or Policies in Mudville; Mighty Ben Has Struck Out!

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, [...]

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