Recent Articles

Doubling down on inflation

Posted on September 10, 2014

Friday's release of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice.

Despite growing risks it's still Janet Yellen's market

Posted on September 2, 2014

The current stock market is earning a deserved reputation as being coated in Teflon. Bad or disappointing news just doesn't appear to stick, and has done nothing to slow the market's upward trajectory.

Proposed 'exit fee' on bond mutual funds telling

Posted on June 23, 2014

Such thinking says much about the current fragility of our bond market.

Piketty's envy problem

Posted on May 29, 2014

There can be little doubt that Thomas Piketty's new book Capital in the 21st Century has struck a nerve globally.

See no evil

Posted on May 22, 2014

In this week's release of the minutes from its April 29-30 meeting, Federal Reserve policymakers made clear that they see little chance of inflation moving past their 2% target for years to come.

The Belgian Connection

Posted on May 19, 2014

A close look at international activity in the Treasury market reveals some odd patterns that should be explained.

Washington hates carrots, loves sticks

Posted on May 14, 2014

A widely-held maxim tells us that money tends to flow from where it is treated badly to where it is treated well. This trend has taken center stage in the ongoing battle between U.S. states to attract and retain top …

And the band played on

Posted on May 6, 2014

After three months of consistently disappointing jobs numbers, the markets were as keyed up for a good jobs report as a long suffering sailor awaiting shore leave in a tropical port.

The debate debate

Posted on April 29, 2014

While there is wide agreement that the cost of college education has risen far faster than the incomes of most Americans, there is some debate as to whether the quality of the product has kept pace with the price.

Investors ignore frightful geopolitics

Posted on April 17, 2014

When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower.

Meet "lowflation": Deflation's scary pal

Posted on April 4, 2014

Despite reams of evidence that show how an economy can thrive when prices fall, there is now a nearly universal belief that deflation is an economic poison.

Debt and taxes

Posted on March 23, 2014

The red flags contained in the national and global headlines that have come out thus far in 2014 should have spooked investors and economic forecasters.

Weather or not?

Posted on March 9, 2014

Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans.

Janet Yellen's mission impossible

Posted on November 9, 2013

Unless other buyers of Treasuries or MBS can be found to replace the Fed's prodigious buying, the Fed will remain the only game in town.

Off to the races

Posted on September 3, 2013

The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year.

The half full economy

Posted on August 9, 2013

The marginal economic strength that was described in the most recent GDP release from Washington has caused many to double down on their belief that the Federal Reserve will begin tapering Quantitative Easing sometime later this year.

What doesn't kill gold makes it stronger

Posted on August 6, 2013

Current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold's long-term fundamentals.

Peter Schiff launches gold mining mutual fund amid “greatest buying opportunity during the entire bull market”

Posted on July 20, 2013

During a time in which mining companies are truly hated by investors globally, the outspoken market commentator and CEO of Euro Pacific Capital, Peter Schiff, indicates that this is the best time to be launching a mutual fund with exposure to the sector.

Green investors missing golden opportunity

Posted on July 3, 2013

The likelihood of a strong rebound is supported by both a struggling mining industry and gold's performance during the last great bull market of the 1970s.

The golden cycle

Posted on July 1, 2013

Is it possible that the history is about to repeat itself?

Tapering the taper talk

Posted on June 21, 2013

As usual the Federal Reserve media reaction machine has fallen for a poorly executed head fake.

The biggest loser wins

Posted on May 26, 2013

The world's economies jockey one another for the lead in the currency devaluation derby.

Symptoms don't lie

Posted on May 12, 2013

If consumer inflation data were reported more accurately, it would be revealed that much of the apparent growth is an illusion.

Gold in the crosshairs

Posted on April 15, 2013

Gold's new suitors never understood the fundamental case for gold and now they are turning their affection back to their true love: US equities.

The stimulus trap

Posted on March 26, 2013

This condition occurs when an economy becomes addicted to monetary stimulus.

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