What will the gold-dollar exchange ratio be in the future? Both trade hyperactively on currency desks. Thus gold is a physical commodity that acts as a currency. It is a hybrid. Is it really money, as many adherents claim? Should it be? Certainly that topic accounts for the rise in the gold-dollar ratio in past [...]
In line with my theme that for over half a year has emphasized the price-deflationary aspects of biflation, The New Yorker has provided a nice, brief update of the return of yet another post-Great Crash phenomenon in Delayed Gratification:
…As early as the fall of 2008, with the recession in full swing, Kmart started a [...]
After Lex Luthor said that line to Superman in the eponymous movie, Luthor went on in that quote to analogize himself to a “diseased maniac” who would be the banker when Superman went to cash in his chips. Maniac banker? In 1978? Talk about prescient! And then Luthor anticipates the new economy in which we are seeing a second Internet bubble by [...]
Bad things may be coming to public view of one these days from the Citi, I fear.
A director both of Citigroup (C), the gigantic bank holding company, and of the US banking subsidiary Citibank N.A. has just resigned without explanation. While Citi put out a press release, they buried it at 4:15 on a [...]
The well-known blogger Mike Shedlock aka Mish predicted that the U.S. will go in and out of deflation in a post yesterday. He writes that “the U.S. will go in and out of deflation for a number of years”.
Is this correct? If so, what are the investment implications?
We can think of deflation two [...]
At Haggerties and Swamies Pacific Palisades San Onofre and Sunset Redondo Beach L. A. All over La Jolla At Wa’imea Bay.
Everybody’s gone surfin’ Surfin’ U.S. A.
Brian Wilson, 1963 (credit also to Chuck Berry as the tune is that of Sweet Little Sixteen)
Times have changed. [...]