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Archive : Author

POSTED ON December 6, 2019  - POSTED IN Fun on Friday

Moving is awful.

I’m speaking from recent experience. We are in the process of moving from central Kentucky to northern Florida. I say “in the process” because you don’t just move. It consumes your life for months on end.

POSTED ON November 27, 2019  - POSTED IN Original Analysis

A paper  by Scott A. Wolla and Kaitlyn Frerking for the Federal Reserve Bank of St. Louis warns that the Fed’s own policy could lead to “economic ruin.”

The paper titled “Making Sense of National Debt” explains the pros and cons of national borrowing in typical Keynesian fashion. In a nutshell, a little debt is a good thing, but too much debt can become a problem.

But in the process of explaining national debt, Wolla and Frerking stumble into an ugly truth — Federal Reserve money printing can destroy a country’s economy.

POSTED ON November 15, 2019  - POSTED IN Fun on Friday

People spend a lot of money for headphones and earbuds. I totally get it. I’m a bit of an audiophile myself. There’s nothing like good music played through good-sounding headphones. But in my never-to-be-humble opinion, a lot of the high-end headphones are utter crap. This is because of the obsession with boosting the bass.

Hey! Whoever just said, “OK boomer,” I heard that! And I’m not a boomer. I’m an X-er. So turn up the Nirvana.

POSTED ON November 14, 2019  - POSTED IN Key Gold Headlines, Original Analysis

Fiscal 2020 started just like fiscal 2019 ended – with a massive federal budget deficit. And that has Federal Reserve Chairman Jerome Powell worried. In an ironic bit of political theater, Powell lectured Congress about the spending he helps facilitate.

The budget shortfall last month was 34% higher than the October 2018 deficit, coming in at $134.5 billion, according to the latest Treasury Department report. That starts fiscal 2020 off on track to eclipse a $1 trillion deficit.

POSTED ON November 1, 2019  - POSTED IN Fun on Friday

Since moving to Florida, I’ve been able to spend a little bit of time on the beach. It’s interesting watching what people pick up. You can kind of categorize people based on their haul of beach-combing treasures.

First-timers to the beach will basically pick up anything. Broken cockle-shells are worthy of the newbies’ treasure bag, as are sticks, feathers and generic rocks. Hey – it came out of the ocean. It’s probably a whale bone!

POSTED ON October 30, 2019  - POSTED IN Key Gold Headlines

As I write this, the Federal Reserve is in the midst of its October FOMC meeting. The central bank is widely expected to cut interest rates another 25 basis points. If the Fed follows through, it will be the third cut in three meetings, totaling 75 basis points since July.

Although the Fed continues to call this a “mid-cycle adjustment,” Peter Schiff called the rate cut in July the first one on the road to zero. There’s nothing so far to cast any doubt on that view.

But the Fed is not alone. It joins the majority of the world’s central banks on a race to lower rates and inject more easy money into the world’s economy. As of this month, a total of 54 central banks in both developed and emerging markets have cut their policy/base interest rates.

POSTED ON October 25, 2019  - POSTED IN Fun on Friday

Fun on Friday is supposed to be, well, fun. But I also like to offer useful advice. So this week, I have a tip for you. If your boyfriend or girlfriend wants you to send them a bunch of money in order to help them sell gold, don’t do it. It’s a scam.

Seriously. Just don’t. Don’t send people you’ve never met money.

POSTED ON October 18, 2019  - POSTED IN Fun on Friday

I saw a tweet this week by Paul Krugman asserting, “What we do have is a persistent problem of weak demand; yes, we have full employment now, but only with extremely low interest rates, which means little ability to respond to the next downturn. This makes a strong case for a big government investment program.”

Ah yes. It’s the Keynesian solution to every problem. Just spend more money!

POSTED ON September 13, 2019  - POSTED IN Fun on Friday

It’s Friday the 13th!

You know what? It already seems lucky to me. Heck, it’s Friday. That’s a pretty good start!

I’ve never been one to get all torqued up about the number 13 anyway. In fact, I kind of like it. My preferred hockey number is 33 in honor of Patrick Roy and just because it has nice symmetry. But if it’s not available, I’ll go with 13. Why not mock the number gods, right?

POSTED ON September 6, 2019  - POSTED IN Fun on Friday

Did you know that Snopes has fact-checked the Babylon Bee on multiple occasions? True story. In the obsession to root out “fake news,” fact-checking sites have resorted to fact-checking satire and parody articles.

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