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The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “I prefer the tensions that exist with freedom of choice. I prefer the possibility of people moving on and choosing what they consider to be in their best interest. The transition from debtism to statism is very clear. It is where we are, it is […]
About this week’s show: A billion in gold to be moved to Texas “Recovery Story” loses credibility, Fed cannot raise rates Student loans: Forgiveness or restructure? Click Here for Costs and Benefits to Phasing out Paper Currency By Kenneth Rogoff, Harvard University The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “I prefer the […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “They’re tipping the scales right now toward there being class warfare. What everyone seems to be ignoring is the fact that central bankers are exaggerating the trends of rich and poor via their monetary policy. This is not the rich getting richer of their own […]
About this week’s show: Stock margin debt tops 500 billion: be very afraid Gold shares/physical silver outperforming gold: good sign Raise cash & gold positions to avoid the paper crash The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “They’re tipping the scales right now toward there being class warfare. What everyone seems to […]
My apologies. I had commitments today and was unable to find the time to write. For the Week: The S&P500 declined 0.7% (up 1.6% y-t-d), and the Dow fell 0.9% (up 0.1%). The Utilities sank 4.1% (down 10.9%). The Banks jumped 2.8% (up 4.5%), and the Broker/Dealers surged 3.2% (up 8.0%). The Transports gained 2.5% […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The way you and I would have analyzed stocks, the way I did analyze stocks 30-40 years ago, you could tell when a stock should go up based on value, and so forth, and the truth of the matter is, today that doesn’t exist. Today, […]
About this week’s show: Cashless society redux- people control Greatest risks, greatest surprises Political and Social Change- an outsiders view The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The way you and I would have analyzed stocks, the way I did analyze stocks 30-40 years ago, you could tell when a stock should […]
In its basic form, Credit is someone’s promise to pay “money” at some point in the future. Credit instruments are an “IOU.” Importantly, new Credit/“IOUs” create additional purchasing power. Especially late in prolonged Credit booms, financial instruments and claims come to account for enormous amounts of system “wealth.” Crises are the process of rectifying the […]
