Is there any other kind? As an example, suppose you are Sam Waksal, a doctor, who thinks he has developed a cancer fighting drug that really works. Naturally, you must have government approval, and we all know how truthful and unbiased the government is, don’t we? Well, the government says, “no dice” to poor Sam, […]
I know this is unusual, but it has to be done, simply because of its wide implications, and the fact that it might be the hinge on which the American economy swings. More and more letters have come to me about these columns on housing. Letters from South Carolina, California, Maine, Maryland, Ohio, Las Vegas, […]
I’ll never forget the raspberries Gold Eagle writers used to get, when we accurately predicted the stock market crash. “You guys are nuts,” is basically what our dire warnings were greeted with, by the 90% who disagreed with us. At my Kiwanis club, 2 years ago, when I warned a speaker who was stock-broker about […]
This could be America’s next nightmare, and possibly even worse than the stock market going down the tubes. Think about what has been the second biggest balloon of late. The NASDQ went through the roof with no profits, nothing but momentum and ’pro forma’ estimates of future profits. As the old song goes, “They say […]
Monday, July 15th, will go down in the history of stock market trades as the pinnacle of manipulation. July 15th will be used as the classic case of the PPT in operation. The PPT, to the uninitiated, is the so-called “Plunge Protection Team,” which was formed by executive order under the Reagan administration, after the […]
Government is inherently stupid, greedy, and self-serving. We all know that the more bucks they print, the less they will be worth, and the higher prices will go for everything bought with dollars. Shouldn’t we be upset when government gives dollars away like it is a huge Monopoly Game? A billion here, $500 million there, […]
The plain answer is NO, so you don’t have to continue reading, if you don’t want to. There can be no shortage of anything, unless there is a governmental price control on the item. Is there a shortage of water in the desert? Not unless its price is controlled. Is there a shortage of antique […]
We have been treated to a whole slew of the late, unlamented, Arthur Andersen accounting tricks, which have left millions of Americans without their retirement savings, investment nest eggs, and future hopes. How tragic! It reminds me of that wonderful 1930 German film, with subtitles, “THE BLUE ANGEL.” (Please do not watch the English version, […]
Paperman was rich. He had influence beyond most imaginings. He was revered everywhere in America. Paperman’s tentacles extended into everyone’s life, be they rich or poor. Paperman, like Superman, could lift tall buildings in a single bound, stop powerful locomotives, and build fast airplanes. Paperman was carried in everyone’s wallet and bought everything that was […]
All states now require auto owners to possess insurance. Unfortunately, there are many irresponsible ones driving without insurance, often with revoked licenses, possibly drunk, and who seem to be totally irresponsible. Responsible people automatically have insurance, in the main, to protect themselves from those who don’t, or who are lousy drivers. Those who have home […]