History Repeats Itself Because No One Was Listening The First Time
File these under Joe Calhoun’s “everything has already happened” theme. In doing research for last Friday’s RealClearMarkets column I happened to read the Republican Party Platform. I was mostly interested in the Gold Commission/hard money initiatives, but some of the other “planks” offered a very telling glimpse into the party’s positions: They [The Democratic .. read more
September Market Report – Government to the Rescue
Note: This update is longer than usual. I feel it is important for everyone to understand how the problems facing our economy developed and what steps are being taken to correct them. The details of the latest government rescue effort are not completely available yet, so it is hard to predict the outcome, but it .. read more
The Choice
Americans face the most important choice of a generation. Our economy is not performing as we would like. Inflation is too high yet home prices are falling. The credit markets are frozen as banks retrench from losses generated by past, ill advised loans. Income and wealth inequality have risen. Real wages are essentially stagnant. The .. read more
I’m Mad as Hell & I’ll Have To Stay That Way
In 1976, Howard Beale, a character in the movie Network, urged Americans to get up, go to their windows, open them and yell out, “I’m mad as hell and I’m not going to take this anymore!” The preamble to Beale’s speech chronicles the problems of the 1970s: inflation, a falling dollar, unemployment, environmental degradation and .. read more
