Opinions Uncensored

Why is the Price of Gold Falling?

A reader writes in asking about the price of gold and why it keeps falling despite surging US government debt.  The thinking here is that gold prices will hedge against a collapse in the US Dollar when the government defaults or “prints money” to the point where it causes hyperinflation or high...

A few comments on August Housing Starts

This was a disappointing report for housing starts in August.Starts were only up 8.0% year-over-year in August.There were 670 thousand total housing starts during the first eight months of 2014 (not seasonally adjusted, NSA), up 8.6% from the 617 thousand during the same period of 2013. ...

What’s the Safest Investment Strategy?

By Seth Masters and John McLaughlin, AllianceBernstein Many investors with little appetite for risk think cash is the safest asset class. After all, if you have no investments, you have no investment risk. That’s true enough, but it’s reassuring only if you ignore inflation and taxes.  And of...

Earlier: Philly Fed Manufacturing Survey at 22.5 in September

Earlier from the Philly Fed: September Manufacturing Survey The diffusion index for current activity fell from a reading of 28.0, its highest reading since March 2011, to 22.5 this month. The current new orders [to 15.5] and shipments indexes edged higher this month, however, increasing 1 point...

FREE SCOTLAND

The mighty Scottish nation is putting America’s oldest enemy, the British Empire, back to task. Set those royals low, chaps. Pave the way for secessions in Spain, China, Canada, Mexico, and Russia. But don’t you lot in southern California go getting any ideas.
It is absolutely...