Is The US Rally Sustainable?

This week, the financial media celebrated as the Dow closed above the 12,000 mark for the first time since June 19th, 2008. For many, this milestone is another sign that the financial nightmare of the past three years will soon fade in the rearview mirror. The...

Self-Determination in Egypt, Obama Style

Barack Obama says that it’s up to the Egyptian people to decide what form of government they want. But what if the Egyptian people wanted a Hitler? Or apartheid, the racist government that once controlled South Africa? Is something right and moral just because a...

Inflation is Here to Stay

In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge. In the U.S., food and beverages count for just 16.4% of the CPI calculation. The Chinese apparently believe that the...

ObamaCare: Gone Today, Here Tomorrow

In another blow to ObamaCare, U.S. District Judge Roger Vinson has declared the new socialized medicine law null and void. Good news? Not really. As with so many decisions that come out of our courts, the government giveth — and the government taketh away even...

Evasions Surrounding Medicare

Happy New Year! 2011 is the first year of phased in “free” health care, thanks to ObamaCare. In this spirit, a recent Associated Press report is worth quoting: “You paid your Medicare taxes all those years and think you deserve your money’s...

?Bernanke’s Golden Dismount

There can be little doubt that Fed Chairman Benjamin Bernanke has been a very, very good friend to gold investors. However, some of those who have benefited from his largesse now fear that the recent selloff in gold indicates an imminent end to Bernanke’s...

?The Great Debt Shift

If one were asked to describe the major global economic changes that have unfolded since the financial crisis began, a good starting place would be the massive shift of debt from the private to the public sector. Attempting to arrest a deepening crisis, governments...