Written by Jeff Nielson
Friday, 27 April 2012 12:02
Gold is a barbarous relic.
Even most ordinary people who rarely pay any attention to topics in the realm of economics will be familiar with this expression. Like most of the Big Lies from the media propaganda machine, our governments have made sure that most of us have heard this one enough times to have it burned into our psyches.
As with most of these [...]
Tom McClellan, McClellan Market Report
I’ll bet you did not know that housing makes up 42% of the Consumer Price Index (CPI). All the rest of it, food, energy, clothing, recreation, education, transportation, toys, cosmetics, etc. makes up the other 58%. So whatever housing prices are doing has a big effect on the headline CPI number.
The softness of housing prices continues to artificially suppress the growth of [...]
Some deep thoughts from David Rosenberg on the likelihood of a secular bear market and potential new lows:
Well, well, so much for consensus views.Ã‚Â Like the one we woke up to on MondayÃ‚Â morning recommending that bonds be sold and equities be bought on the newsÃ‚Â of ChinaÃ¢â‚¬â„¢s Ã¢â‚¬Å“pegÃ¢â‚¬Â decision.Ã‚Â As we said on Monday, did the 20%-plus yuan appreciation from 2005 to [...]
I thought this was some excellent perspective from Doug Casey’s chief economist, Bud Conrad:
L: I’m sitting in Las Vegas, Nevada, with Casey Research Chief Economist Bud Conrad, who’s just delivered a spellbinding talk, the opening salvo of our first 2010 Crisis and Opportunity Summit. But, oddly enough, Bud is an engineer by trainingÃ¢â‚¬Â¦ So, the first question is, Bud, how the [...]