Latest Headlines
  • The Incredible Impact of the Words “Made in China”

    The Incredible Impact of the Words “Made in China”

    The “Dress code” section on the bar’s website says it all: “Come dressed glamorously: we love glam grunge, glam & groovy or haute glam couture, but leave the flip-flops and board shorts at the beach…” Shanghai is not the kind of city most expect to see when...

    Full Story

  • Con-Way Inc. (NYSE:CNW) — How GDP Growth Impacts Con-Way Stock

    Con-Way Inc. (NYSE:CNW) — How GDP Growth Impacts Con-Way Stock

    Con-way Inc. (NYSE:CNW) is a California-based provider of transportation, logistics, and supply-chain management services, a sector where Baird has noted fluctuations in strength that relate to GDP growth. Dan Amoss, editor of Agora Financial’s Strategic Short Report, explains how the Baird finding applies to Con-way’s...

    Full Story

  • Irrational Gold Selling

    Irrational Gold Selling

    Last Monday I couldn’t believe my eyes when I saw that the price of gold had dropped .20, which was weird enough since Kitco was showing the “Gold Price Change due to Weakening dollar” was up by .00, meaning gold should be going up thanks...

    Full Story

  • Shouldn’t do it; couldn’t do it anyway

    Shouldn’t do it; couldn’t do it anyway

    Paul Krugman, Martin Wolf and the other big spenders are remarkably resilient. And cunning. On their advice, the world’s governments put up as much as 4 years’ worth of the entire planet’s savings to bring about a ‘recovery.’ On the evidence of the last couple...

    Full Story

  • The Economy and Market Don’t Always Agree

    The Economy and Market Don’t Always Agree

    I don’t think the US economy is in good shape. I am most discouraged when I consider the bloated and out-of-control federal and state governments. They spend too much. They are in too much debt. They are far too powerful. And I think it is fair...

    Full Story

  • Markets Make Fools of Us All

    Markets Make Fools of Us All

    As the Dow Jones Industrial Average advanced further above 10,000 yesterday, gold slipped back below ,200 an ounce. We are not exactly sure what we think about the stock market’s resurgence – or about gold’s retreat – but we are pretty sure what we do...

    Full Story

  • US Debt Crisis Reverting to the Mean

    US Debt Crisis Reverting to the Mean

    Being an economist must be the most amusing job in the world. It’s a laugh a minute. So many foolish pretensions, so many claptrap theories, so much pomposity and vanity… We used to enjoy reading Thomas L. Friedman in The New York Times. Whenever he wrote...

    Full Story

  • The Central Bank Gold “Shell Game” Continues

    The Central Bank Gold “Shell Game” Continues

    We recently reported the Bank for International Settlements (BIS) has been accepting gold like a “pawn shop” for central banks, but the BIS has since changed its tune. It emailed The Wall Street Journal to say the 346 tonnes of gold it has added to...

    Full Story

  • Trichet Gives the Euro Some Support

    Trichet Gives the Euro Some Support

    The euro (EUR) remained well bid yesterday, rising above .27 for the first time since May, after European Central Bank (ECB) President, Trichet, had some encouraging words for the Eurozone. Trichet said that he didn’t believe that the things were as bad in Europe as...

    Full Story

  • Keeping the Genie in the Bottle

    Keeping the Genie in the Bottle

    The fiat currency system is elegant and innovative. It has served us well, and might continue to do so if we could as a society change our culture so drastically that we might reign in credit growth — both public and private — responsibly. This would...

    Full Story