I need more cowbell

Newsweek's Fearful Krugman Profile

Krugman is an extemely biased political hack, has been for years. This taints his opinions. However, who can we point to that doesn't have some level of bias?
Myself, I would like to see a lot more attention paid to the opinions of the captains of industry ( the ones who ran a good ship, produced good products, instead of worrying about quarter to quarter results- hmm, who are they? ), people not in the silos of academia, but have walked the walk and actually produced something. Not to the exclusion of economists, but it seems like they have too big of a microphone.

Opinion About Obama Coming Down to Earth?

Obama has put forth more threats to our economy than any prez since Carter. Luckily, the stupidest of them all, cap and trade, which would affect every business, taxpayer, and consumer, was shot down in both houses of Congress.
Now all we have to worry about are all the other attacks on industry he has in his gunsights.
The government builds nothing sustainable; creates nothing but bureaucracy jobs; is incomprehensibly inefficient and wasteful; is riddled with cronyism, graft, and politicians running the show. Politicians which have never created a job, had to make a payroll, invented a product, etc.
Obama's power grab, to sieze more government control over our economy, our personal freedoms, and make more and more sheeple dependent upon the meager gov. handouts is appalling to anyone paying attention.
But, hey, don't waste a crisis.

Why the Price of Gold Is Not Yet Soaring

"Once all this newly printed money begins to work its way through the system, there will be a whole new economic landscape"
Such a common, bandied about phrase, as if its self-evident. It is not working its way into the system now, nor will it for a good long while. Banks and more particularly credit card companies have pulled way back- no easy credit available. Borrowers- they don't exist, companies have scaled back, are not in expansion mode, are not taking on new credit.
Exactly the reverse is occuring, debt is being paid down.
This whole printing money idea, and th einflation it will cause, is like reading a new book but going right to the last page. Of course at some point things will discontinue going down, and reverse course, but I would argue that point is well in the future.
An analogy- let's say you had the power to be a parallel Fed, and could print yourself, say, $3T. But after printing, you decided jail looked a bit uncomfortable, even with Madoff as your cell-mate.
So you bury the money. Is this $3T inflationary? It exists, certainly, but its buried. Not one whit inflationary.
The money the Fed is "printing" is buried in banks, and they are not lendng much of it, except to extraordinarily credit-worthy borrowers, who are few and far between. Meanwhile, we have seen >$15T of wealth destruction, and much higher unemployment ( cash flow ), and the culture of consumption crash landed.

When America Ruled the World (Part 2)

The real problem, James, is you and the very few readers of SA comprise, what, 1% or less of the body politic. Ignorance is rampant. The socialists control the media that most of the sheeple watch.
The most listened to voices of sanity, conservatism, are shrill polarizing figures who drive the ones needing conversion away.
I cannot identify one leader ( Ron Paul is too squishy ) to galvanize the populist rage which while it exists, is too ignorant to understand even 10% of your excellent piece.
Like the wastrel sons who squander away the hard-earned business/wealth built by their fore-father, I despair we cn turn this corner until it is too late.

An Investor's Guide to Hyperinflation

Agree. I always read patel's offerings, as he has been virtually perfectly wrong as long as I have been reading SA. Like the episode where George Castanza does the opposite of his instincts and finally gets dates, etc.
The only thing this article lacked was the now common cautionary tale, "Well, just look at Zimbabwe" . As if.


On Mar 18 05:02 AM Dean M wrote:

> You have been so off the mark on everything up to now but you keep
> beating the same drum. Weren't you touting oil, commodities and shorting
> the dollar a year ago. Yeah ok, decoupling - so Chinese consumers
> are going to buy all those flat screen tvs they produce at a cost
> of double their annual income. I know I'm not schooled in Austrian
> economics but if I go to yahoo finance and overlay various global
> indexes it sure doesn't look like decoupling to me. I do agree on
> shorting 20 year bonds right now and I bought some gld when gold
> touched $900 recently but I'm keeping a very tight leash on those
> investments.