June 15, 2012 – Nikolai Kondratieff (1892-1938) was a Russian economist who theorized that capitalist economies are subject to a repeating ...
May 11, 2012 – Congressman Ron Paul says that “central bankers are intellectually bankrupt”. This is actually the title of an ...
May 5, 2012 – Back in 2009 when the Greek crisis was just starting to make headlines, I wrote an article concluding that sovereign debt defaults ...
July 11, 2011 - Discussions by policymakers to increase the US debt limit are in the eleventh hour. Sadly, so far the circus of intense ...
November 16, 2010 – Earlier this month the Federal Reserve announced its latest round of quantitative easing, long ago dubbed QE, but it should ...
June 17, 2010 – Banks are lending again. After many months of sitting on their hands while trying to repair their over-leveraged balance ...
June 14, 2010 – The stock market is often acclaimed for its forecasting ability. Stock prices peak long before the downturn in economic ...
March 22, 2010 – Only a few decades ago, the United States was the world’s largest creditor nation. American capital spanned the ...
March 20, 2010 – There is a prevailing view held by American policymakers that debt and resurgent consumer spending will lift the country from ...
January 2, 2010 – It is time to record my outlook for 2010, but before looking forward to the year ahead, I always like to first look back at ...
December 19, 2009 – Socialism has come to mean many different things to many people, but regardless how it is defined, in the months immediately ...
November 29, 2009 – While the debate continues whether inflation or deflation will be the dollar’s eventual fate, the Federal Reserve is ...
November 9, 2009 – The Labor Department on Friday reported that headline unemployment in the United States has now climbed to 10.2%, a ...
August 26, 2009 - According to the National Bureau of Economic Research, the United States has been in an economic contraction since December ...
August 10, 2009 - Given all the euphoria after the unemployment number was released on Friday, one would think that the economic contraction had ...
July 13, 2009 - The chart below presenting total US employment over the past twenty years was prepared by the Economic Policy Institute. The ...
May 17, 2009 - Occasionally the stock market gives important clues about its future direction. One way a clue can appear is through a ...
January 12, 2009 - I don't like to start any new year on a gloomy note. I am by nature an optimist, but I am also a realist who readily faces facts. ...
October 27, 2008 - To identify the primary trend of the stock market, I like to follow the trading pattern of the so-called 'bellwethers ', key ...
Aug 26, 2008 - A friend recently wrote to me saying that value is what you are offered when you want to sell something. I disagree. What is offered is ...
August 4, 2008 - In my article on January 7th, I analyzed the federal government's financial position using its consolidated financial statements, ...
July 21, 2008 - I lived in South East Asia for most of the 1970's, working in the branch offices there for one of the large New York City banks. I was ...
July 7, 2009 - The Commodity Research Bureau Continuing Commodity Index tracks the price of seventeen commodities. It made a new record this past ...
May 26, 2008 - What a week this has been! As the oil price soared and gasoline prices at the pump touched $4 per gallon, the search for scapegoats ...
April 28,2008 - There have been numerous media reports about food shortages around the globe and the resulting riots caused by empty store shelves. ...
April 28, 2008 - In the last letter I quoted Murray Rothbard to help explain how the practice of keeping only fractional reserves - where a bank's ...
April 7, 2008 - "Crises are endemic to financial systems." So says The Economist in an April 3rd editorial about the present credit ...
March 3, 2008 - "Inflate or die." I'm not sure when Richard Russell, the editor of Dow Theory Letters (ww2.dowtheoryletters.com), first ...
December 17, 2007 - One year ago in Letter No. 375 I provided my forecasts for 2007. It’s time to repeat that task. Hopefully my ...
October 22, 2007 - On September 18th former Federal Reserve chairman Alan Greenspan appeared on the Jon Stewart Daily Show, where he made the ...
October 1, 2007 - It has been a long-running debate. Most everyone recognizes that the US economy is unsustainable because of too many years of ...
Aug 10, 2007 - A new but inevitable twist has emerged in the escalating subprime woes. Bank solvency is now being called into question.
As a ...
July 9, 2007 - Counterparty risk is often ignored and misunderstood. But it can only be ignored at one's peril, particularly now that the subprime ...
June 25, 2007 - The terse Reuters announcement this past Friday contained only 101 words.
Brookstreet Securities Corp., an Irvine, California ...
May 28, 2007 - I am writing this newsletter one week earlier than planned because several markets are at critical points. In short, there is simply ...
Feb 23, 2007 - A subtle change is taking place in the gold market. In addition to all of the reasons people already have to buy physical metal, ...
January 29, 2007 - It seems clear to me that the US is following a monetary path that is leading to ever-growing rates of inflation that will over ...
January 8, 2007 - The above title is from a very insightful article about the international monetary system that appeared in the January 5th edition ...
Dec 5, 2006 - The CRB Continuous Commodity Index closed at 408.79 on November 30th, an all-time record high. This new high means that the ...
December 4, 2006 - This is the time of the year that I dust-off my crystal ball in order to look at the year ahead. I will share with you what I ...
September 18, 2006 - In November 2005 the Federal Reserve announced that it would no longer compile and publicly report M3, which is the total ...
August 7, 2006 - In November 2005 the Federal Reserve announced that it would no longer compile and report M3, which is the total quantity of dollars ...
July 7, 2006 - I've been using the following chart of the Commodity Research Bureau Index for years as I have always viewed commodity prices to be an ...
June 9, 2006 - Michael Hodges is the publisher of the Grandfather Economic Report. His very informative website http://mwhodges.home.att.net/ states ...
May 29, 2009 - I've received more than my usual share of emails over the past several weeks. Not all of them are a result of gold's climb to $700 and ...
May 15, 2006 - There has been a lot of bullish hype as the Dow Jones Industrials Average has approached the record high that marked the top of the ...
May 8, 2006 - It was only two short months after Alan Greenspan was appointed chairman of the Federal Reserve that he faced his first crisis. The ...
April 17, 2006 - When will the Federal Reserve stop raising interest rates? It is the question everyone is asking these days.
The federal funds ...
March 28, 2006 - Each week the Federal Reserve reports various measures of the US dollar money supply. One of these, M3, is the total quantity of ...
March 15, 2006 - Anybody who has been lending money to the US federal government by buying T-Bills and its other debt instruments received a brutal ...
March 6, 2006 - Long-term US dollar interest rates rose again this past week, continuing the uptrend that began in mid-January. For example, the ...
February 6, 2006 - When you follow the markets with as much careful and continuous attention as I do, it’s inevitable that you end up hearing ...
January 9, 2006 - As we begin this new year, there is a lot to ponder over and worry about. High on this list is the imminent departure of ...
March 28, 2005 - Tim Wood is the founding editor of Resource Investor, (www.resourceinvestor.com) an online newsletter focusing on junior mining ...
January 10, 2005 - From time to time over the past couple of years I have been comparing our present circumstances to those prevailing in the ...
May 10, 2004 - Catching up on my reading last week, I was very much taken by comments made recently by Congressman Ron Paul of Texas. From his ...
July 1, 2002 - Over the past several weeks, the stock market has taken a severe pasting. The Dow Jones Industrial Average has declined six weeks ...
April 29, 2002 - One of the most basic premises about which I have been writing for years is about to be tested. Will we get a flight from the dollar ...
April 9, 2001 - When I was still a young boy I remember hearing someone say that science fiction sooner or later becomes science fact. I was too small ...
March 26, 2001 - Years ago an old stock market pro told me that sometimes the most difficult thing about markets is believing what you are seeing. It ...
March 5, 2001 - Every once in a while one can almost sense that something is wrong in the financial system. We are at one of those moments. The system ...
June 5, 2000 - A couple of weeks ago when the Dow Industrials were threatening to break below 10,000 and the NASDAQ looked ready to collapse through ...
January 27, 1997 - It has become a tradition of mine at this time of the year to share some of my thoughts about the various markets, and to make some ...
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