Here’s an amazing story out of Zimbabwe. Zimbawe was once hailed as the breadbasket of Africa. Now, according to the video, the Zimbabwean people, once one of the best educated and most productive in Africa, have become a nation of gold panners and grub-stake miners. Why? Because Zimbabwe’s currency is worthless. To buy food, you [...]
From the monthly archives:
January 2010
This will blow your mind. After it loads, move the slider on the bottom of the chart to see the relative scale of things in the universe.
http://www.newgrounds.com/portal/view/525347
Hat-tip to Yves at Naked Capitalism for the following photos of a monster-sized moose. Being from Maine, I have an affinity for moose. I’ve seen them in the wild, but not this big …
Over at Yves’ Naked Capitalism, John Bougearel writes:
Look at this Moose!
By the length of his beard and the grey legs, I figure he [...]
As usual, Phil and I have way too much fun on these interviews:
http://www.howestreet.com/index.php?pl=/goldradio/index.php/mediaplayer/1544
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Dear Reader,
Our topic all week long has been: How do YOU build the optimum growth portfolio for 2010? And so far, we’ve covered THREE major areas: (1) U.S. stocks, (2) foreign stocks and (3) income investments.
That’s why, yesterday, we asked …
Do FIXED-INCOME INVESTMENTS have a place in [...]
This morning, we learned that fourth quarter GDP rose 5.7%, much better than expectations of 4.7%. Nominal GDP was only 0.3% above estimates as the price deflator rose only 0.6%, which was 0.7% less than expected. Nominal GDP rose 6.3% vs estimates of 6%.
Personal Spending rose 2%, which was 0.2% above forecasts. Inventories fell by [...]
An excerpt from my book, The Ultimate Suburban Survivalist …
Why The Economy is NEVER Going Back to the Old ‘Normal’
From 1995 through 2009, America’s central bank, the Federal Reserve, flooded the economy with trillions of dollars through increased money supply and easy credit. This triggered a massive consumption boom along with several bubbles such as [...]
Take a look at this copper chart …
You can see that copper has broken down through a long-term uptrend, and on high volume, too. How low will it go from here? It’s hard for me to say, but I put in some support lines that might be helpful. Keep your eye on the 200-day moving [...]
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The action on my personal blog is heating up — to say the very least!
All this week, we’re getting our readers’ ideas on how to best structure the optimum growth portfolio for 2010. On Monday, most of our bloggers told us they’re bearish on U.S. [...]
An excerpt from my book, The Ultimate Suburban Survivalist …
Precious metals are usually sold by the troy ounce, which weighs more than the typical ounce we use in everyday life. But just to add further confusion, there are 12 (not 16) troy ounces in a troy pound.
Bullion Bars and Coins
Bullion coins—American Eagles, Buffaloes, Canadian Maple [...]
