I’ve seen some commentary recently about how bad the market is, comparing it to the previous worst start to a year, 1933. That sounds ominous since everyone knows that 1933 was in the middle of the Great Depression. Unfortunately for the gloom and doom crowd, 1933 also proved to be the bottom of a bear [...]
Marc Faber has been right about a lot of things when it comes to investing. He was way ahead of the curve on the credit problems and called the commodity bull about the same time as Jim Rogers. In this interview on CNBC, he rips the Fed and recommends gold:
The Fed has been “misleading” investors [...]
Paul Krugman’s editorial on oil speculators is actually technically correct, but when he says that the price of oil is supported by fundamentals, well that is to me prima facie evidence of a bubble. Krugman’s track record since he started writing for the NYT is terrible and betting against him would have been very profitable.
He [...]
Steve Hanke explains how the oil market functions and why prices are high. He also provides a way for politicians to do something useful about high prices rather than just hold hearings. First, he explains the role of the dollar:
For example, if the greenback had held its January 2001 value against the euro, oil would [...]
