Having trouble with reality?
Well, the good news is that reality is subjective. On that note, read on and enjoy..
CONTENTS: The Daily Reckoning (Global) -- The Mogambo Guru (USA) -- The Onion (USA)
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The Daily Reckoning |
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Written in a wry, witty and often irreverent manner, The Daily Reckoning has offered its over 500,000 readers insights and advice not offered by today's mainstream media. The DR looks at the economic world-at-large and offers its major players - investors, politicians, economists and the average consumer - some much-needed constructive criticism.
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Dead guys walking… An article at the Zero Hedge website says Paul Krugman is either ?an imbecile or a fraud.? We wouldn?t go that far. He might be only mildly retarded…or the victim of higher education. He has learned so much about modern economic theory that there is no room left in his brain case [...] US Real Estate Market Sits in the Waiting Room originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."...
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Well… I love it when a plan comes together! I told you months ago, that the markets had given up on a rate hike from the Bank of Canada (BOC) at their 9/8 meeting… I took a different road, and said they would still hike rates… I was alone on this one folks, but… Guess [...] Commodity Currencies Punch a Hole in Risk Aversion Fog originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."...
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Why not gold? Even though it made an advance to some $1,000 per ounce by mid-year 2008, shortly thereafter it plunged to less than $700 per ounce. At $800, on an inflation-adjusted basis it would only be worth a little over $300 per ounce in 1980 dollars. After fully feeling the monetary discipline of Volcker [...] If Gold Were Money Again originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Yes, dear reader, it looks to us as though the welfare state is kaput. Because it depends on the future to support it. And guess what, there is no future… Ha ha… Remember the Population Bomb of the ?70s? If we?re not mistaken that was Paul Erhlich?s dire, neo-Malthusian warning. There were soon going to [...] Welfare States Decline Along With Youth Population originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Even though I have been drinking so that my speech is slurred after testing some crazy idea that I could drink away my utter horror at the death and dying of the US dollar and economy, history is, on the other hand, being made crystal clear that when a country is so idiotic as to [...] Burning the Economic Toast originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Sign of the Times, Part 1: Federal bailout spending now exceeds the inflation-adjusted cost of World War II, according to our friends at the Independent Institute. Senior Fellow William Shugart says World War II cost $3.6 trillion, but the bailouts now top $4 trillion. That?s actual money out of the taxpayer?s pocket, as opposed to [...] One Business that Doesn’t Need a Bailout originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Global stock markets are in a multi-year bull-market and nominal prices are likely to appreciate for several more months. In our view, we are currently amidst a normal multi-week consolidation phase and most stock markets are likely to stage a sharp year-end advance. Look. We know that the developed economies are in trouble and they [...] The Stock Market Has Hit Its Low!…Sort of originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Pat Choate, author of “Saving Capitalism From The Capitalists” and “Dangerous Business: The Risks of Globalization for America,” appears on Yahoo’s tech ticker to describe what he sees as America’s innovation crisis, a problem stemming from the massive backlog at the US Patent Office. Here are a two of Choate?s key points: Small businesses create [...] The Patent Office Could be to Blame for a US “Innovation Crisis” originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read...
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As the Labor Day holiday ended, so did the stock market?s holiday from underlying economic trends. Last week, the stock market was all about ?better than expected.? On the first day this new week, however, the market was all about ?worse than hoped.? Last week, for example, the stock market celebrated a loss of 54,000 [...] How to be a Successful Investor in an Immutable Marketplace originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the...
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Let it be, let it be, let it be, let it be… Simple words of wisdom ? let it be The Dow lost 107 points on its first day of trading after Labor Day. Gold rose to within $3 of its all-time high. What do you make of it, dear reader? Watch the bonds… We [...] Let it Be: Solving the Slump in the US Real Estate Market originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read...
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The Mogambo Guru |
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Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning, and other fine publications.
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Even though I have been drinking so that my speech is slurred after testing some crazy idea that I could drink away my utter horror at the death and dying of the US dollar and economy, history is, on the other hand, being made crystal clear that when a country is so idiotic as to [...] Burning the Economic Toast originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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I was surprised when Mike Burk of Alpha Investment Management wrote that ?Some of the NYSE breadth indicators look pretty good, but that is from strength in fixed income which makes up about half of the issues traded on the NYSE. Fixed income looks like a bubble.? Well, being an admittedly stupid guy who just [...] Dodging the Rising Cost of Food originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Bloomberg.com had the headline ?Bank of Korea ?Under Pressure? to Boost Gold Holdings, Shinhan?s Oh Says,? which was perfectly understandable, although I have no idea what ?Shinhan?s Oh Says? means. I suspect that Shinhan is some guy who just found out that purposely not buying gold is a really stupid idea, and who, upon realization [...] Coded Messages to Buy More Gold originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Ellen Kelleher, writing for The Financial Times, opens her article with how Baird & Co., in their warehouses in London, purify gold by heating it to molten form to make ?medallions, bars, and rings,? which sounds like a lot of heavy, hot, back-breaking, dangerous work to me, as if the word ?work? was not bad [...] How Gold-As-Money Can Prevent Mob Rule originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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I am standing on the corner of the street, doing my duty to ?give back? to society, in this case by yelling at morons passing by in the cars, ?We?re freaking doomed, you moron! Your own stupid government has destroyed you by letting the foul, fetid, festering Federal Reserve create too much money that they [...] Signs of an Evil Economy originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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Since I am known as something of a gold bug, a lot of people write to me about gold, but since I am a paranoid lunatic, I don?t read their letters, mostly because I now call myself Marvelous Macho Grande (MMG), figuring that an established alias could potentially come in handy when the prices of [...] No Secret to Gold Investing. Just Accumulate. originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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From Bloomberg.com we get the bad news that ?Bank of England Governor Mervyn King said inflation is likely to exceed the UK government?s upper 3% limit in coming months as higher sales taxes drive gains in consumer prices,? which ?rose 3.1% in July from a year earlier after climbing 3.2% in June.? Apparently, he has [...] Rounding Up the Culprits of Rising Prices originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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It was an interesting psychological phenomenon when I read where Michael Kosares of USAGold.com wrote, ?Private citizen, Alan Greenspan, could afford to be blunt,? but I interpreted it in my Mysterious Mogambo Mind (MMM) to mean, ?Private citizen, Alan Greenspan, should be afforded a blunt instrument applied with extreme prejudice to his stupid head, over [...] Financial Crises Linked to Central Bank Stupidity originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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For some reason, everyone is taken aback because, as James Mackintosh at The Financial Times puts it, ?Stanley Druckenmiller, one of the masters of the investment world, this week announced his retirement saying that he had become frustrated over the past three years with his inability to make outsized returns,? which makes me laugh my [...] Monetary Madness originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
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I remember the good old days of the Cold War when the Russians were humorless robots who could always manage to catch James Bond, a British secret agent better known by his ?License to Kill? number: 007. But the clumsy, doltish Russians could never hold onto him, and in the process, a lot of Russian [...] Rush Out and Buy Some Gold! Russia is Buying Gold! originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the...
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The Onion |
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America's Finest News Source
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Well, it's been nearly two decades now, and I just have to laugh: I honestly never thought I'd be able to pull it off, but here we are in 2010, and everyone in the world continues to believe that I, Michael Landon, beloved star of American television, die...
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PARK RIDGE, NJ—Hoping to win the business of those who just need to get out of the house for a while and clear their heads, the Hertz Corporation unveiled a new service Monday that allows customers to rent a car for as briefly as five minutes.
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The Justice Department sued Arizona's Joe Arpaio, the self-proclaimed "toughest sheriff" in America, for failure to cooperate with a discrimination probe.
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MANAUS, BRAZIL— Archaeologists working in a remote section of the Amazon Rainforest announced Tuesday that they have discovered the ancient remnants of what they claimed may be the lousiest civilization in human history.
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Dear The Onion,
Remember that guy from last week or so who was some kind of mayor or alderman? He was against wrecking something, like a building, or maybe it was a park? He didn't want some parking garage or gas station put in its place? Well, I disagree...
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MOUNTAIN VIEW, CA—The popular search engine Google announced plans Friday to launch a new site, TheGoogle.com, to appeal to older adults not...
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Last week, the U.S. occupation of Iraq officially ceased being a combat mission as the military entered the stability phase of its operations. Here are some of the major victories of the seven-and-a-half-year war.
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NEW YORK—During a visit with the team Wednesday, NFL commissioner Roger Goodell told the New York Jets to lower their Super Bowl expectations, suggesting they consider setting more manageable goals for the 2010-2011 season.
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- URBANE NEWS - 
