The Euro Might Destroy Europe’s Countries

The euro is the currency of 19 European countries; and common money blocks efforts of nations that, according to Stiglitz, need to devalue their currencies. More generally, attempts to restrict government control of the economy arouse the wrath of this implacable enemy of the market.… Read More

Dow 25,000 Will Have to Wait til 2018

As the year winds down, with only two trading days left, Dow 25,000 looks like it will have to wait until next year and Bubba wonders what the underlying fear is about. Interest rates are falling, which doesn’t make sense coupled with a big, late-in-the-year rally in gold suggests underlying fear.… Read More

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