Investor CAFÉ Newsletters
Don’t Look Now, But Gold Is Moving Higher
Wall Street has struggled this week, but gold is moving higher. Today gold is up $12 to $1,238 an ounce, and gold stocks are sharply higher. I gave a strong sell signal for gold back in December 2011, when gold was approaching $2,000 an ounce. It was a good call. Gold fell 50% in the […]
The PATH to Reduce Taxes
There is good news for taxpayers and investors. Last December, Congress passed and President Obama signed the Protecting Americans from Tax Hikes Act of 2015, known as the PATH Act. It is one of the few times Congress has accurately described its legislation. Most of the changes in the PATH Act became permanent provisions of […]
Trouble in Paradise: The Bahamas Hosts the Global Financial Summit
In the mid-1980s, my family and I spent two years living in the Bahamas, “the island of June.” I always tell people it was life in living color. I wrote an article on our life there called “Easy Living: My Two Years in the Bahamas.” I returned last week to Nassau in the Bahamas for the Global Financial […]
A Financial Revival Meeting in California!
I spoke at the Orange County chapter of the American Association of Individual Investors (AAII) last Saturday and it turned memorable. I’ve spoken at dozens of AAII meetings all over the country, and always enjoy them. AAII investors are well informed and ask good questions. I’ll be speaking at the Los Angeles chapter on Saturday, April 9. […]
Pursue Your Dreams? Not so Fast!
“A greater result is obtained by producing goods in roundabout ways than by producing them directly.” — Eugen von Böhm-Bawerk, The Positive Theory of Capital (1889) I spoke last week in Orlando at the MoneyShow University in front of several hundred students attending college in Florida. One of the speakers urged the students to “above all, […]
Which Candidate Has the Best Tax Plan?
“Taxation is the price we pay for failing to building a civilized society. The higher the tax level, the greater the failure.” — Mark & Jo Ann Skousen, “Persuasion vs. Force.” Taxes have been on the rise under the Obama administration since 2008, with higher rates on income and capital gains. When the government takes more, it […]
How Progressive Taxation Destroys the Capitalist Dream
“This slow rate of progress was due to two reasons — the remarkable absence of technical improvements and to the failure of capital to accumulate.” — John Maynard Keynes (1930) What is the key to economic success, growth and progress? Robert Solow, the Massachusetts Institute of Technology (MIT) economist famous for his Solow Growth Model, […]
Has the Fed Panicked?
“Don’t fight the Fed.” — old Wall Street saying Has the Fed panicked again? I see the money supply (M2) is now growing at 9% per annum, its fastest rate in years. Fed Chair Janet Yellen won’t need to cut rates to stimulate the economy again. She’s letting the growth of the money supply do all the […]
Is Wall Street a Fraud?
“The business model of Wall Street is fraud.” — Bernie Sanders, a democratic socialist who is running for U.S. president I’m teaching a class on financial economics at Chapman University in Orange, CA this spring, and right now we are discussing the image of Wall Street. I start off with quite a few quotations from […]
Is Now the Time to Buy Gold?
“Gold is the hitching post of the monetary universe.” — Jim Dines (quoted in “The Maxims of Wall Street,” p. 151) Last year, gold hit a six-year low. My decision to sell gold and silver in late 2011 (when gold was $1,900 an ounce and silver hit $30 an ounce) was a good move. Gold, oil and […]
