Mark Skousen
The New Bull Market in Gold – What is It Predicting?
“The impact of the rate of inflation on the price of gold is like tracking the footprints of an animal.” — Julian M. Snyder “You’ve endured the pain, why not enjoy the gain?” — Rick Rule After two decades of raging inflation, the Federal Reserve under Paul Volcker took on the task of ending this threat to our […]
What is the Greatest Threat to Your Investment Today? No, It’s Not the Government!
“Nobody is more bearish than a sold-out bull.” — Old Wall Street saying “I hate to be wrong. But I hate more to stay wrong.” — Paul Samuelson I appeared last week on the Tom Woods Show to talk about something that has me deeply concerned. It is what academics call “loss aversion” — the fear of losing […]
Next Stop Dow 100,000? Who Will be the Next President of the United States?
“Forecast a number a number or a date, but not both.” — “The Maxims of Wall Street” In 1999, two economists, James Glassman and Kevin Hassett, published a book with the outlandish title, “Dow 36,000.” At the time, the Dow Jones Industrial Average hit a record 10,000. For investors, Dow 10,000 was a milestone, a culmination of a […]
Danger Ahead: The Billionaires Tax is Just the Beginning
“No working person in America thinks it’s right that they pay their taxes and billionaires don’t.” — Senator Ron Wyden (D., Ore.) “The wealthiest private owners must return part of what they own to the community every year [via] a progressive tax on wealth.” — Thomas Piketty, “Capital and Ideology” (2020) “Double their taxes, triple their taxes! We’ll make them pay.” — King […]
Do You Know About This Secret Government ‘Financial Crisis’ Situation Room In the White House?
“The light on Wall Street can at any time go from green to red without pausing at yellow.” — Warren Buffett (“The Maxims of Wall Street,” p. 113) Every October, a host of gold bugs and doomsayers predict another stock market crash. The latest is Robert Kiyosaki, the famed author of “Rich Dad, Poor Dad,” who warned of the […]
Danger Ahead: Why We Are Heading Toward Double-Digit Inflation
“Government is the only agency that can take a valuable commodity like paper, slap some ink on it and make it totally worthless.” (“Maxims of Wall Street”, p. 152) Yesterday, the Social Security Administration announced that it will increase monthly Social Security checks by 5.9% in 2022, its largest jump in 40 years. Inflation is […]