July 2006 - September 2006 <<Prev Next>> 09/30/2006 - Stay on Your Toes
by Chris Mayer "I remain fairly wary of putting new money in oil stocks - given the recent slide in oil, it may be a good time to buy here. But I worry about the popularity of the idea - not just of oil, but also of commodity investing generally."
09/29/2006 - Low in the Water
by Bill Bonner "The remarkable events in the last few days have been greeted by the market, not with shock and awe, but with such a coma-like indifference that we feel like holding a mirror under its nose and taking its pulse. Read on…"
09/28/2006 - Big Government Solutions Don't Work
by Hon. Ron Paul "At home I'm frequently asked about my frustration with Congress, since so many reform proposals go unheeded. I jokingly reply, 'No, I'm never frustrated, because I have such low expectations.'"
09/27/2006 - Past Bubble Experience Was Different
by Dr. Kurt Richebacher"When bubbles burst, a ripple is sent through the whole economy - and the bubbles of today are much further-reaching that those of twenty or thirty years ago. Dr. Richebacher explains…"
09/26/2006 - Time to be Cautious
by James Boric "Dr. John Hussman is one of the great fund managers alive today. His Strategic Growth Fund has averaged a 13.39% annual gain since it was started in July 2000. James Boric explains the key to Dr. Hussman's success, below…"
09/25/2006 - The Insane Hell of Fractional-Reserve Banking
by The Mogambo Guru "What is making the Mogambo crazy with fear this week (or at least as afraid as all the meds he's on will allow)? Just the usual suspects: his wife, the Federal Reserve, and, of course, inflation. Read on… "
09/24/2006 - Great Scott! The Future of Alternative Fuels
by Kate "Short Fuse" Incontrera "The year is 2015 - and all of the cars are zipping around in the air, Jetsons-style, due to a 'hover conversion'."
09/22/2006 - Hedge, I Win…Fails, You Lose
by Bill Bonner "The hedge fund Amaranth Advisors managed to lose $6 billion in just a few days. We aren't all that surprised. Hedge funds are notorious for sucking up investors' money - and turning it into nothing. Read on…"
09/21/2006 - Peak Performer
by Justice Litle "Demand for natural gas has been on the rise for a lot longer than you would think - and in the next few decades consumption of natural gas is expected to rise more than 20%."
09/20/2006 - Report from Romania
Louis James "Make no mistake; large, well-defined gold deposits like Rosia Montana are extremely rare and exactly the sort of thing resource-hungry major mining companies are likely to buy at a substantial premium."
09/19/2006 - The Nature of Disaster
by Byron King "What constitutes a financial 'disaster'? What causes these disasters? Below, Byron King reviews a book, History of Financial Disasters, which looks to answer those questions - and more. Read on…"
09/18/2006 - Let Them Eat Cake!
by The Mogambo Guru "The poor, the unemployed, those on fixed incomes? The pain of inflation will rise over the coming years, worse every year, but hopefully it will one day stop getting worse and more painful, and so inflation now is okay."
09/15/2006 - Liars' Loans
by Bill Bonner "What will happen when the Hindenburg of derivatives meets a spark from the housing bubble blow-up? We don't know. But we had a ringing sound in our ears earlier this week. We thought we heard bells…"
09/14/2006 - The Consequences of a Blistering Summer
by Chris Mayer "We may have had a relatively mild summer here in the United States, but in Spain, the summer of 2006 brought wildfires and drought…"
09/13/2006 -A Tightening Farce
by Kurt Richebächer"There is total detachment from the bad news that is pouring out of the economy. For several years, the booming housing market has made the difference between recession and recovery for the U.S. economy. "
09/12/2006 - Figuring Out Fannie
by Dan Amoss"As the conditions surrounding the housing market worsens, a disconnect between those who underwrite mortgages and those who end up holding those mortgages will prove to be a huge problem."
09/11/2006 - Gold, In a Nutshell
by The Mogambo Guru "'As the dollar suffers one of the great meltdowns in monetary history, gold will reclaim its place at the center of the global financial system, and its value, relative to most of today's national currencies, will soar.'"
09/09/2006 - A User-Friendly Fed
by Kate "Short Fuse" Incontrera "The markets react to everything: hurricanes, wars…and every word that comes out of the Fed Chairman's mouth."
09/08/2006 - Festering Dudgeon
by Bill Bonner"A genuine hard landing for U.S. housing will send up dust all over the world. Most people can't bear thinking about it…which is exactly why we like to write about it. "
09/07/2006 - From Know-How to Nowhere
by Addison Wiggin"The U.S. economy is plagued by an array of growth inhibiting imbalances: the trade deficit, the federal budget deficit, household indebtedness, record-low national saving rates, and record-high consumer spending…"
09/06/2006 - Garbage Stocks are Leading the Market
by James Boric "Instead of people hating small-cap stocks like they did in 2002, everyone loves them now. Most have made countless amounts of "easy money" over the last several years."
09/05/2006 - Freaks of the Resource Sector
by Doug Casey "Surprisingly, however, scam artists are not an investor's biggest worry. Far more dangerous - and numerous - are the "competent" professionals who swell the middle of the industry's bell curve."
09/04/2006 - Moose and Squirrel Economics
by The Mogambo Guru "Things just do not make sense to me anymore, and it is that bewildering confusion and 'fear of the unknown' that brings out the paranoid and panicky side of me"
09/04/2006 - No Student Left Behind?
by Kate "Short Fuse" Incontrera "If you look at college tuition over the past 30 years, you'll see that it costs around triple of what it did in the 1970's."
09/01/2006 - Family Business, Part II
by Bill Bonner "Money, sex, and hair loss are taboo subjects in our household. They are all things about which a middle-aged man thinks often, but rarely speaks."
08/31/2006 - Illusions of Prosperity
by James Turk "As the dollar suffers one of the great meltdowns in monetary history, gold will reclaim its place at the center of the global financial system, and its value, relative to most of today's national currencies, will soar."
08/30/2006 - The Four Phases of Transition
by Byron W. King "'In the face of Peak Oil and its multiple consequences…it seems imperative to get prepared to face all the inevitable shock waves. Every preparative step taken today will prove far cheaper than any step taken tomorrow.'"
08/29/2006 - Weather Windfall
by Kevin Kerr "Money may not grow on trees, but oranges do, and this year, being long orange juice futures, or options on juice futures, could be as good as money."
08/28/2006 - Financial Mouse Trap
by The Mogambo Guru "'I equate fiat currency like a mouse trap. The easy credit and instant gratification it gives you is the bait. The bar that is sprung when the bait is taken is called inflation.'"
08/25/2006 - Family Business
by Bill Bonner "Experimenting, learning, training, finding good partners and building expertise took years. We were well over the age of 40, before we had any money at all."
08/24/2006 - Waving the Warning Flags
by Puru Saxena "I've been warning about housing for several months now and still urge you to get rid of your investment properties. In my opinion, we are in the final stages of the housing boom."
08/23/2006 - Surf's Up for Alternative Energy
by Justice Litle "Wouldn't it be nice if we could surf our way to energy independence? Complete freedom from fossil fuels is a pipe dream - for the next few decades, anyway. But maybe we can get to a place of significantly less dependence on them."
08/22/2006 - What's Next for Silver?
by Doug Casey "With silver hitting record highs and base metals doing the same (increasing the flow of silver as a byproduct), hundreds of millions more ounces of silver will be heading for the market."
08/21/2006 - Inflation: A Father-Daughter Reunion
by The Mogambo Guru "Suddenly, the room was silent. I looked at her. She looked at me. Then she said, softly, 'We're freaking doomed!'"
08/19/2006 - Housing Slump Gains Momentum
by Kate "Short Fuse" Incontrera "Almost every single house was being renovated, every car that drove by on the steep roads was a pick-up filled with laborers, ready to work on these homes perched precariously on the side of the hill."
08/18/2006 - Financial Reckoning Night
by Bill Bonner "At night, a man's palms sweat, his breathing turns shallow, he tosses and turns, and wonders if he's reckoned aright. He's bet his entire net worth on a couple of houses in the neighborhood; he's got big mortgages."
08/17/2006 -A Bullish Scenario for Copper
by James Boric "Even if aluminum could be used to replace copper in every function under the sun (which it could not), you would only have enough to last nine days."
08/16/2006 - The Book History Conspired to Bury
by Lew Rockwell "The book is not only a complete economics education on its own; it is a supremely fertile ground for extensions, applications, and advancement in every direction."
08/15/2006 - Government Exacerbates the Bubble
by Dan Amoss "In order for the U.S. housing market to sustain current price levels, either household debt must continue growing exponentially or real wage growth must revive from its current doldrums."
08/14/2006 - Smoot-Hawley 2006
by The Mogambo Guru "Thanks to the horrid Federal Reserve creating the money to create some debt to buy the debt) - a raise in the minimum wage by 40% in three years would be too, too, too much. Think Smoot-Hawley."
08/10/2006 - The Blowoff in Emerging Markets: Buy Turkey?
by Chris Mayer "The lira is selling off, down 21% against the dollar since April. Unemployment is still high, around 11%. And I haven't even discussed the political turbulence in the Kurdish south."
08/09/2006 - Going for the Jugular
by Justice Litle "We forget too that 'going for the jugular' can carry significant risk for the attacker - be it man, mountain lion or terrorist-sponsoring nation state. In geopolitical terms, Iran is going for the jugular here and now."
08/08/2006 - By Far the Weakest Recovery
by Dr. Kurt Richebächer "The U.S. economy today is incomparably more vulnerable than 2000. All the growth-impairing imbalances in the economy - the trade deficit, the savings and incomes shortage and the debt levels - have dramatically worsened."
08/07/2006 - New Jobs for the Smuggling Industry
by The Mogambo Guru "This is the genius of the electorate? Instead of stopping inflation by reining in the Federal Reserve, we are going to make the inflation situation worse by mandating higher wages? Hahahaha! What suicidal idiocy!"
08/05/2006 - Putting a Halt to the Hikes?
by Kate "Short Fuse" Incontrera "We've always thought that the seemingly never-ending supply of homebuyers would run out sooner or later - either that, or people would wise up and hold back to see where the market will go."
08/04/2006 - Consuming Passions
by Bill Bonner "The world may go to hell, if it wishes. This summer, at least, we will work on our own folly…a gypsy wagon."
08/03/2006 - A Credit Machine Running Amok
by Dr. Kurt Richebächer "The U.S. economy has become virtually immune to recession. It is widely seen as just a bursting of strength due to ingrained 'flexibility' and 'dynamism.'"
08/02/2006 - National Bankruptcy, Part II
by Byron King "One of the most famous indentured servants in American history was a young man named Benjamin Franklin, whose later views on avoiding and staying out of debt were very much formed and informed by his early indentured experiences."
08/01/2006 - National Bankruptcy
by Byron King "Since at least Roman times, and maybe before, a bankruptcy process has been the means by which a society could balance the need to eliminate or moderate a debtor's debt with the protection of the creditors."
07/31/2006 - This is the End
by Rick Barnard "All in all, it's been an exciting and informative couple of days. I spoke to several attendees who declared this one of the best financial conferences they've ever attended."
07/28/2006 - A Farewell to ARMs
by Bill Bonner "ARMs are in fact diabolical devices intended to speed marginal buyers on the glittering road to hell. ARMs give the weakest buyer the luxury of pretending to buy what he really can't afford."
07/27/2006 - Big Deals Underway
by Justice Litle "There are three deals on the table that stand out for size and scope. At a combined $21 billion-plus, Anadarko Petroleum's joint bid for Kerr-McGee and Western Gas Resources ranks as the eighth biggest energy deal of all time"
07/26/2006 - Priciples of Inequality
by Dr. Hans Sennholz "Men are made by nature unequal. Surely, to assure social peace, all men must be equal before the law and have an equal right to the protection of the law. But they do not have equal ability and productivity."
07/25/2006 - Inflate or Die
by Dan Amoss "Every developed economy around the world is dependent on an edifice of credit and derivatives that makes future policy a foregone conclusion: Inflate or die."
07/24/2006 - "We" Includes the Chinese
by The Mogambo Guru "I laugh contemptuously at these Chinese doofuses for their incompetence and stupidity for copying the same stupid mistakes in monetary policy that everyone else made, namely listening to America."
07/22/2006 - Vancouver, Here We Come
by Kate "Short Fuse" Incontrera "The DR HQ has been a flurry of activity this week as we prepare for Tuesday's Agora Financial Wealth Symposium in Vancouver, British Columbia."
07/21/2006 - Kudzu in Alabama
by Bill Bonner "Thus did the humbug of modern democratic government take root throughout the world - like kudzu in Alabama. In certain places, such as the Soviet Union, the weed covered everything."
07/20/2006 - Government Debt: Termites in the House
by Bud Conrad "The government can't go bankrupt because they are the government, and along with a complicit Federal Reserve, they can meet any debt obligation because they have the printing press. That is precisely the problem."
07/19/2006 - History - The Great Teacher
by Puru Saxena "I'll let you in on a secret, which is essential to your success as an investor. You must understand that the central banks don't raise interest rates to fight inflation."
07/18/2006 - Buyer's Market in Water Utilities
by Chris Mayer "In a big-picture sense, water utilities look like a great place to be. The conditions that helped produce those great returns in the past look only more favorable going forward. The basics of the business have not changed."
07/16/2006 - Old-People Economics
by The Mogambo Guru "The biggest mistake the old people made is thinking that the government they elected is looking out for them. Ha!"
07/14/2006 - Poor Little Rich Boys
by Bill Bonner "So, now the world's poor will have aid and have it more abundantly. They will get what some rich white guy - probably long dead - wants them to have. And they will have it not for just a day or a week…but for generations."
07/13/2006 - Why Are Americans So Angry? - Part II
by Hon. Ron Paul "Today patriotism has come to mean blind support for the government and its policies. In earlier times patriotism meant having the willingness and courage to challenge government policies regardless of popular perceptions."
07/12/2006 - Why Are Americans So Angry? - Part I
by Hon. Ron Paul "High gasoline prices make a lot of people angry, though there is little understanding of how deficits, inflation, and war in the Middle East all contribute to these higher prices."
07/11/2006 - Storms Lurking on the Horizon
by James Howard Kunstler "Oil prices are creeping up relentlessly into territory that will, at least, stall the consumption orgy among the Wal-Mart shoppers. We are one hurricane or one geopolitical incident away from an energy trauma.
07/10/2006 - Ponzi Economy
by The Mogambo Guru "Money is suddenly disappearing, and this is not good for stock prices, housing prices, or my wife's natural homicidal belligerence toward me when she realizes that some of her money has, likewise, disappeared."
07/08/2006 - Read Between the Lines
by Kate "Short Fuse" Incontrera "Go back through all the ECB meeting minutes, you'll see that in each meeting prior to a rate hike, Trichet uses the word 'vigilant.' Well, at Thursday's meeting, he said 'strong vigilance' is needed."
07/07/2006 - Exiles Eternal
by Bill Bonner "There are a lot of exiles in this world. Each one has his own reason; we have ours. Long before we left America, the America we knew left us. We travel not to get away from it, but to find it."
07/06/2006 - Get Rich on the Generation Switch
by Steve Sjuggerud "The simple idea here is that we're into a new investment generation now. If the last investment generation ended around 1999 - and the pattern holds, then we could see stocks do poorly for about 17 years…or until 2016."
07/05/2006 - Uniting Three Parties in Maryland
by Kevin Zeese "Our economy is at risk from massive trade deficits, record federal deficits, a rising U.S. debt ceiling and very high personal debt. The growing divide between rich and poor is shrinking the middle class."
07/03/2006 - The Bread War
by The Mogambo Guru "Pull up a chair and let me tell you about Zimbabwe, the most grossly, insanely mismanaged economy in the history of the world; they confiscated the assets of the only profitable businesses in the country."
07/03/2006 - The Land of the Free
by Bill Bonner In this DR Classique, Bill Bonner can't help but notice that America has changed quite a bit since the Declaration of Independence was signed.
07/02/2006 - Storm of Profits
by Kevin Kerr "Hurricane season is in full swing, and it could be a very long summer and fall, indeed. Gulf Coast residents have barely picked up the pieces from last year's debacle, and now may be time to batten down the hatches again."
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