The economic data has taken on a more positive tone recently, at least in some areas, and with an FOMC meeting and Janet Yellen press conference on the schedule this week, the bulls pulled in their horns last week. It seems that, for now anyway, good news is bad news for markets as any indication that the US economy is [...]
At the end of January 2013, UPS management patted themselves for company’s results in an admittedly tough environment. In between regular allusions to “strong” numbers and operational tendencies, Chairman and CEO D. Scott Davis wrapped it all up in the positive: “Although we fell short of our goals for the year, we did achieve record earnings per share.” The dichotomy [...]
The tendency of mainstream economists toward hostility and outright dismissal of gold is directly related to their view of monetary mechanisms that largely took over in the 1970’s. For the most part, gold acts as a very visible measure investment of disapproval of central bank actions intended to foster or create stability. Inflation is only one symptom of instability, so [...]
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Mark Twain I've been writing some more optimistic commentaries recently - or maybe just less pessimistic - and the response has been interesting to say the least. I don't remember so many people telling me how dumb [...]
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