Death of Fiat Currency
The Death of Fiat Currency Rarely is an article so thorough and well presented as this one by Alasdair Macleod below. It is a tour…
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Financial Assets — Dancing Without A Floor
Readers of this website have received market cautions before. Thus far, all have “been proved wrong.” But what does being “proved wrong” in markets mean?…
The Final Con
The stock market has now been up for ten straight days. Many on Wall Street are singing “Happy Days Are Here Again.” For them, that…
Hope and Crosby Never Went to Zimbabwe
Bob Hope and Bing Crosby made a series of movies together entitled “Road to …”. The first, made in 1940, was “The Road to Singapore.”…
Playing Financial Chicken In Your Golden Years
My generation, born during or near post World War II, has been quite fortunate. Those of us lucky to have been born in the US…
Look Out For Falling Stocks
Markets make no sense. They literally have lost touch with reality. Divergences between fundamentals, confidence and the valuation of markets are large. These divergences cannot…