The Fed has begun the battle against double-digit inflation. CNBC reports they are raising interest rates (very slowly) and announced: “Officials “generally agreed” that a maximum of $60 billion in Treasuries and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over three months and likely starting in May.” CNBC adds: “While officials did not make […]
» Read moreThe mainstream media is citing reports, with widely varying percentages, that many young Americans prefer socialism to capitalism – and are supporting socialist candidates. The media provides extended coverage to politicians touting socialist programs. The New York Times trumpets, “Mayor de Blasio Says Wealth Is ‘in the Wrong Hands,’ Pledges to Redistribute It.” “Here’s the truth, brothers and sisters, there’s […]
» Read moreIs there such a thing as free market pricing? Where does it exist? In last week’s interview with Ed Steer I asked about free market pricing in gold. His response relates to more than metals: “Free market pricing? Well, nobody knows what the true free market price of the precious metals really is, because there never has been a free […]
» Read moreOne of the first groups I joined in AZ was a ROMEO Club (Retired Old Men Eating Out). Much like my ROMEO friends in Illinois, these guys were real-world hard working businessmen, thoroughly indoctrinated in the school of hard knocks with advanced degrees in common sense. Fostering economic recovery? Since the 2008 market crash our government, led by woefully misguided […]
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