Archive for 'Government' Category

U.S. to experience economic collapse similar to Argentina?

9 September 2009 by Christopher Suleske

Economists Charles Rowley of George Mason University (my alma mater) and Nathanael Smith of the Locke Institute have written a piece entitled “Adam Smith would not be optimistic in today’s economic world“. Edmund Conway summarizes it thusly:
Although the authors support the Federal Reserve’s moves to slash interest rates to just above zero and embark [...]

“You get rich by saving and investing”

9 September 2009 by Christopher Suleske

WRITES the sane (what passes for sage these days) Bill Bonner:
Two generations of American economists thought the way to bring prosperity was to encourage consumption. On the face of it, the idea is absurd. Classical economists…and Daily Reckoning commentators…laugh at the idea. You don’t really get rich by consuming; you get rich by saving and [...]

What lies beneath

1 July 2009 by Christopher Suleske

Gary DeMar at the American Vision blog has a good primer piece on the Judeo-Christian foundation behind free-market economics (and one can argue the secular-humanist crumbly foundation beneath socialism). Salient nugget concerning Americans of today:
The average American has only vague notions of these ideas. While most Americans would agree that stealing is wrong, they [...]

Excellent unadvertised counsel (the ideal sort)

1 July 2009 by Christopher Suleske

I am still processing this read. It’s an interview with Ray Dalio, a well-respected Chief Investment Officer with an excellent track record. More importantly, he pulled out nearly 10% gains last year because he’s been on the watchful end of our economic situation. He appears to know what he’s talking about and [...]

THE Chinese threat

29 June 2009 by Christopher Suleske

MUCH has been bandied about insofar as the threat China poses to the U.S. economy. Usually it is commentary related to their massive trade surplus. That is the least of our worries. Here is the most immediate concern:
China’s banks are veering out of control. The half-reformed economy of the People’s Republic cannot [...]

With so many fat ladies around, here’s hoping none of them can sing!

26 October 2007 by Christopher Suleske

WORD is one of the few financial minds I really respect, Jim Rogers, is so down on the dollar that he’s out of all dollar-denominated holdings. I’ll make a point of checking my retirement allocations again tomorrow. Quite a bit has been in gold and foreign equities and we have profited.
So why is [...]

It’s over (perhaps).

22 October 2007 by Christopher Suleske

WHEN officials within the Federal Reserve Bank (a private institution, by the way) start saying things like

The Federal Reserve will continue to monitor developments in financial markets and act as needed to support the effective functioning of these markets and to foster sustainable economic growth and price stability,

well then, I believe they know they’re [...]