The failure to raise the debt ceiling would not be negative regarding the creditworthiness of the US. It would signal that politics is becoming so intractable that a deadlock on the political front is reflecting the inability to confront any real debt issues. Policymaking has become insane with critical bills being stuffed with things nobody […]

Republican governors of Kansas, Nebraska and Louisiana are pushing to eliminate personal and corporate income taxes. While the Marxists/Socialist like Paul Krugman of the New York Times calls this “reverse Robin Hoodism”, the Founding Fathers were much more understanding when they prohibited direct taxation. An income tax requires one to surrender their privacy. Government needs […]

I really do not understand why people insist that HYPERINFLATION must take place. That ASSUMES government will print to meet its unfunded obligations rather than just change laws and fail to meet promises. They are cutting entitlements already. Yes Rome debased its currency to the point that its worth was 1/50th of its former value. […]

After decades of self-imposed pacifism and dependence upon the United States, Japan is beginning to carve out a new role in regional maritime affairs. Newly elected Japanese Prime Minister Shinzo Abe has launched a charm offensive across the Pacific, with Australia, India, Indonesia, the Philippines and Vietnam among the countries Tokyo is bidding to align […]

Star Trek is here. One of the explanations behind the long wave in the business cycle was put forth by Schumpeter. He argued that a new technology appears and furthers the advancement of the economy in great waves of innovation such as the Electricity, Telegraph, Railroad, Automobile, Airplanes, and the Internet. Will Tractor Beams be […]

Well Obama did it. Gun shows and sales are soaring. When Katrina hit, there was no rule of law. People had to protect their own property from criminals who if Obama has his way, will be the only people armed. The police even abandoned the prisons leaving many to drown and without food. Their policy […]

Anyone looking to lower your interest rate on a fixed mortgage had better start now. The paper work required by banks is currently insane and the pendulum has swung in the opposite direction. It is often taking people 6 months to get approvals. Interest rates will rise, so there is no time like the present […]

A reader commented: “Since the debt melt down will happen after Obama leaves office in 2016. He will get off scott free of any blame.” That is NOT necessarily the case. Generally, people are getting fed-up with politicians. There are still the sublimely ignorant who will vote for their party regardless of the facts. But […]

2014 is the next big turning point. That means we either get a high or a low, We did NOT achieve a Yearly Bullish Reversal at the end of 2012. We need a monthly closing ABOVE 14280.00 to signal a 2014 high. The failure to elect the Yearly Bullish Reversal is a caution that we must remain […]

Sovereign Debt Crisis Conference Saturday March 16th, 2013 Le Meridien Hotel Philadelphia Many readers who are not “traders” would like a conference outlining the real Sovereign Debt Crisis, how do we survive such an event based upon past experiences, and what are the implications going forward? We will be reviewing the debt levels of all […]