The report below is typical take-no-prisoners Karl Denninger's interpretation of the latest labor report. Contrary to the rose-colored paint that the media and Wall Street is attempting to smear on this pig, Denninger gets it right with this line: "This report… Read More »Jobs Report Is A Train Wreck
For those who are unaware of what is happening and even for those who are aware, this video will disabuse you of any notion there is a recovery now or in the future. The state of the nation is dismal… Read More »Cause and Effect = Government and Collapse
Markets are tough to beat. In order to do so, you must have better information faster than others. That is difficult to achieve and then translate into profitable trades. Hard data do not provide such advantages unless you are an… Read More »Profiting From Anticipations — The Anatomy of A Politically-Based Trade
The free market is the means to wealth and prosperity for the masses. The non-free market is the means to wealth and prosperity for the privileged and well-connected. In a world controlled by government and its cronies, why would anyone… Read More »There Is No Constituency For A Free Market And Little Future Without One
Outsourcing is a good thing, despite our two presidential opponents excoriating each other over it. Harry Binswanger provides a defense for outsourcing in a recent Forbes article. Here is an excerpt from the article: Americanism means individualism, but “Hire American”… Read More »All Trade Is Good
Here is the Intrade.com history of the value of President Obama being re-elected: To interpret this chart, price is equivalent to percentage. So, the last trade reflected a 57% expectation of Obama’s re-election.
I have posted many articles recently regarding the dollar. That is because I consider it the key to understanding what is really happening in our country.
Here is an outstanding, must-read regarding the dollar and economy. Warning, it is long and more technical than some other articles you have been referred to, but worth investing some time to fully understand. In my opinion, the issues discussed in this article are key to understanding our current situation and the manner in which it resolves.
The Future of the Dollar
It is hard to imagine a happy future for the dollar, and I was going to say that before Robert Fisk published his The Demise of the Dollar, in which he describes secret talks among central bankers and finance ministers of various countries on how to move away from trading oil in dollars.
According to the Administration: “This is the one stimulus program that seems to be working better than just about any other program.” But this program, other than as judged by certain car buyers who thought they got “great deals,” has… Read More »Econ 101 – Clunker Economics