Friday, November 17th, 2017 MST

Category: Uncategorized

High-Tech analyst bullish on gold

Nothing could be further apart than the high-tech industry and gold.  The high-tech industry didn’t come about until the development of the computer.  Gold has been with us for thousands of years. Fred Hickey, editor and publisher of The High-Tech Strategist, recently turned bullish on gold.   His reasons include fundamentals (production and  supply/demand) and central

David Stockman-Everything Will Grind to a Halt in 2017

I’m not fond of recommending videos, especially long videos.  However, this video interview of David Stockman, Budget Director during the Reagan Administration, is well worth the time. Stockman reminds us of problems and developments that are being ignored.  For example, Obama and Congress made a deal years ago to suspend the debt limit until March

IMF urges Japan to double down on Abenomics

Japan’s economy has been stagnant for two decades.  In 2012, Shinzo Abe was elected Prime Minister on his promise of stimulating the economy via a scheme that economists labeled “Abenomics.”  Basically, he promised fiscal stimulus, monetary easing and structural reforms. He implemented all three, but Japan’s economy remains in the doldrums.  Now the IMF is

Should Government Abolish its Paper Money?

by Joe Cobb Harvard professor Kenneth Rogoff wrote in the Financial Times, May 29, that “Paper money is unfit for a world of high crime and low inflation.”  He proposed to get rid of paper money.  Government paper money.  What would people do to make payments?

Gold hammered; still bullish

As gold was being driven below $1500 earlier today, I received an email about an article titled “Gold’s irreversible trends driving it to $10,000.”  The bullishness is based on the world’s central banks continuing to create money at rates never before seen, with some Establishment  darlings (Paul Krugman, for example) calling for still more money