A good piece of advice is to be wary when you hear the hackneyed phrase “this time is different.” Just as one should never say “never,” one should never suggest something is unique enough to suggest it never happened before. Yet that is exactly what is claimed by Gordon T. Long and John Rubino in […]
As the stock markets of the world rise on a sea of liquidity, economies become increasingly dysfunctional. Credit and money creation is no remedy for economic distortions and mis-allocations. Liquidity can drive asset and commodity prices higher but it also leads to additional distortions. Credit and money creation is not an economic tool, it is […]
Freedom is lost with every passing day. Government has become Leviathan, a ruthless master which serves only itself. It has become pure force, unanswerable to anyone. George Washington’s warning has taken on new meaning: Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful […]
The deterioration of this nation’s economy is truly mind-boggling. What we experience today is an outgrowth of several decades of misguided economic policies. Current economic policy is even more misguided than those that led us to this point. So, too is the regime uncertainty that surrounds facing economic actors. Productive people have targets painted on […]
The United States is more than four years into its form of economic purgatory. The government pronounced the recession over in June of 2009. That announcement does not conform with reality or even subsequent government suspect data. Even the Administration-friendly New York Times knows better: Between June 2009, when the recession officially ended, and June 2011, […]
It is interesting to go back and look at thoughts and interpretations of events from the past. Sometimes it is embarrassing. This post from almost three years ago, seems rather accurate in light of subsequent developments. The Ponzi Scheme that government had become only continued, as expected. At that time three alternatives were reviewed with […]
Monty Pelerin is interviewed on Financial Survival Network: http://financialsurvivalnetwork.com/2012/09/monty-pelerin-the-welfare-state-has-run-out-of-other-peoples-money/
At the risk of looking/sounding like some crazed religious fanatic usually seen carrying a sign or proclaiming: “Repent, the end is near,” I shall avoid the word “repent. To me, the rest of that proclamation appears accurate and reasonable, at least with regard to our economic condition. The US and world economy are near collapse. […]
Many wonder what would have happened had the US not bailed out its banks. Well, Iceland did not and here is what is happening there: Booming Iceland makes second early loan repayment to IMF Iceland, whose economy has recovered rapidly following the 2008 collapse of its banking sector, on Friday repaid $483.7 million in loans […]
A reasonable synopsis of the ethics and morality of Washington, DC was provided in an article from Before Its News: “Maybe in times past [Washington 'elites' cared], when the power structure was a bit more reserved and less blatant about their corruption and manipulations,” Krieger continued. “They don’t hide that stuff anymore. The “elites” in […]
Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
The December rankings and performance of previous rankings are provided below. Suggested stop levels for each of the rankings will be provided in a separate post. December Selections
This update is based on market-close data as of November 22. Performance is based on beginning of that month’s rankings, assuming they were purchased and held for a full month. Stop placement or early selling would produce different results. So, too would different entry or exit prices. There is no way to account for early […]
The ranking of the 11 ETF Asset Classes routinely followed on this site is shown below. These rankings reflect the latest order produced by the algorithm used to rank individual ETFs. There have been some movements in these rankings reflecting recent market action.
The updated performance through November 13 is presented below. Additionally, the new rankings as of this same date are provided. Performance is based on the rankings as of November 1. The assumption is that you bought and held equal dollar amounts within a category and that you still hold these ETFs. If you entered at […]
Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts
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