Here's a link to a Yahoo video of former Wall Street analyst Henry Blodget declaring that "The Economic Argument is Over -- and Paul Krugman Won" in which Mr. Blodget asserts that government stimulus is the way to help economies grow, and that anyone who argues to the contrary has now been silenced by a recently-discovered spreadsheet error.
The...
Monday, April 22, 2013
The gold sell-off
In our previous post discussing Cyprus, we noted that governments in general have three choices when they run up debts beyond what their income can support.
One option, of course, is to increase their income. Governments can try to raise income by raising tax rates or, a far better option, by encouraging...
Wednesday, April 17, 2013
Investment Climate commentary, April 2013
We recently published our latest quarterly commentary, which includes some discussion of the "growth hole" that we have noticed in the market over the past several months (corresponding to a phenomenon that stretches all the way back to the bear market of 2000 - 2002), even as some of the major...
