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Gold retesting 1,000 and then…

Franklin @ February 22, 2009 # 6 Comments

Image via Wikipedia Really exciting (yawn) move in gold. I mentioned a couple of weeks ago that gold was breaking up and was going to re-test the previous high. I just guess there are plenty of articles “explaining” why gold is going up. I have no patience or interest in reading them as the only […]

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And Now They Tell US

Franklin @ December 1, 2008 # 8 Comments

Image by Getty Images via Daylife Last year around this time I said: You read it here first: The US economy has been in recession since the fourth quarter of 2007 and is now starting to get out (thanks to the Fed‘s “free money”). Says who? Just all the American corporations. Today we received the […]

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Congress expected to pass financial rescue package: Getting Ready for a Deeper Recession

Franklin @ September 28, 2008 # 7 Comments

Congress expected to pass financial rescue package: Financial News – Yahoo! Finance So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible during hyperinflation. In September of […]

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On The Wall Street Bailout

Franklin @ September 25, 2008 # No Comment Yet

I used to call it “The Reagan lobotomy.” The Reagan lobotomy was performed during a few years of high inflation, and the American people made a sacred commitment. “We will give up our rights as workers for the good of the country.” I covered the results of this agreement in other posts. Today, I will […]

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The Oncoming Depression

Franklin @ August 15, 2008 # One Comment

Image by Public Citizen via FlickrAs credit card lenders reduce their risk exposure by closing credit card accounts and reducing lines of credit, we will start seeing a large reduction in consumer spending. This is affecting not only middle class families, but higher income families as well. From the point of view of the lenders, […]

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Why fundamental analysis of commodities is wrong, and irrational

Franklin @ July 30, 2008 # 3 Comments

I have discussed in several articles my position that gold is just another commodity subject to the ebb and flow of speculative money. Today I will talk a little bit about oil and why I think all the fundamental analysis are fundamentally wrong. If I write that we are experiencing peak oil price rather than […]

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Pardon our ads

Franklin @ July 26, 2008 # 4 Comments

Unless you count with Adblock Plus or other similar product, you will have noticed that I am running a banner now. I’ve avoided so far adding ads to the site, but my soon 16 year old son is starting to drive. How is that related? Well, let me explain it to you. Insurance companies charge […]

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The Myth of the Bush Administration Being Strong on Homeland Security

Franklin @ June 18, 2008 # 9 Comments

As the political campaign ramps up, the McCain cohort is trying to shape the debate of American politics around the single issue of Homeland Security. However, there is no objective reason to believe that the current administration’s policies are the way to go. There are two conflict hypothesis based on which the current two-front war […]

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Why Gann, Elliott Wave and Kondratiev Studies Fail

Franklin @ May 25, 2008 # 6 Comments

For a long time I’ve studied the works of Gann, Elliott and Kondratiev trying to gain some foresight into the economy cycles. My costly conclusion is that none of these methods work. However, before throwing them out of the window, let’s see why they fail, when they fail and to what extent they may have […]

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The Real Economy III: The People’s GDP

Franklin @ May 4, 2008 # 10 Comments

Back in November, I showed how the capital of American businesses was contracting. I said "regardless of any official announcement of recessions, US businesses have been behaving as they normally do during recessions." It is hard to understand why American businesses are becoming recession-like illiquid when the GDP numbers don’t seem to show any signs […]

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