Joe Oliva
Wednesday, September 29, 2010
I Was Wrong About Gold
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I thought $1,250 was a top. Sept. 4 I posted my opinion that gold would start to go down and go back to $800. It isn't happening. In fac...
Saturday, September 25, 2010
Why Does California Have Budget Problems?
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I wish there was a comprehensive analysis of this question somewhere. Maybe there is. The usual suspects Public employee unions Public emplo...
Wednesday, September 22, 2010
SWAN
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What's Wrong With 2% Inflation?
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A little thought experiment You have a million dollars You invest it all in a nice stock that pays no dividend. The stock goes up exactly 2%...
Infinite Growth And The Fed
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The Fed came out yesterday and said they want a higher rate of inflation. They said they have a comfort level for the core rate on inflation...
Monday, September 20, 2010
Genius Returns
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Humanity is not a bunch of fools, or idiots. We are resourceful. We are creative. We make progress. Things keep getting better. When problem...
Wednesday, September 8, 2010
The Folly Of Gold
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Yes, gold has done well recently. But experience of the long term tells a different story. My family came to Los Angeles in the 1920s. Bough...
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