Pater Tenebrarum


Gold and the “Grexit” Threat

The Everything is Fine Meme Initially, we were also a bit surprised that the gold price didn’t rise when the threat of a …

Ben Bernanke’s Apologia for the Fed

     ​ inSha      Bernanke’s First Blog Post By now it has probably made the rounds that Ben Bernanke has joined …

The US Has Become a “Nursing Home” Economy

  ​             Victims of Demography The key feature of age is that it happens no matter what …

The Forgotten Ruble

             inShare0   A Currency Disappears Into the Memory Hole After the excitement caused by the collapsing Russian …

We Now Live in a “Pimpocracy”

           inShare0 Cartoon by David Horsey   Shabby Immensity Today, we continue mouth wide open … staggered by the shabby …

An Interview with Felix Zulauf – Financial Markets are More Distorted than Ever

Risks and Opportunities Investors started off 2015 with a slow global economy, low oil prices, a strong Dollar, and a deflationary Europe with …

These Markets Are “Extreme Bargains” Right Now

Policy Adjectives The big news this week was that the Fed dropped its pledge to be “patient” in raising interest rates. The Fed …

These Billionaires are Dumping US Stocks … Should You?

“Oh”, or Aiming for a Career on Wall Street Fátima, our new 10-year-old English-language student, is a stranger to modern economics… as well …

Bear Markets Do Happen

Today, the second of the speech about the end of the world we recently gave at Doug Casey’s La Estancia de Cafayate. (You can …

Real Estate Is Doomed – Part 2: Times Have Changed

Mortgages Are Cheap, Cheap, Cheap, But … On the left hand side of the chart below, mortgage rates peaked at 18.28%.

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