When capital is allocated in a free market, it moves toward the productive, and the economy tends to prosper. By the same token, when it is misallocated, an economy can hit the skids. We’ve had decades of misallocated capital in the U.S. Instead of saving, we’ve been spending… way beyond our means.
November 14th, 2008 | Doug Hornig | 0 comments | ContinuedArchive for Doug Hornig
Doug Hornig is a senior editor for Casey Research, publishers of Doug Casey's International Speculator... for over 27 years providing investors with unbiased and carefully researched recommendations for high-quality gold and other natural resource stocks with the very real opportunity for a 100% or better gain within a 12-month horizon. Hornig also writes the Daily Resource, a daily column that appears on the KitcoCasey and Casey Research web sites.
Hell, Meet Handbasket, Part I
Until recently, average Americans were only dimly aware that there were two types of banks - the commercial banks nearby and the major investment banks located in faraway New York. Understanding the bank where they conducted business, with people they knew, was enough.
November 13th, 2008 | Doug Hornig | 2 comments | Continued
400 Tons of Gold for Sale… Just Call the International Monetary Fund
Lately the metals markets have been abuzz with speculation about the meaning, and implications, of proposed International Monetary Fund (IMF) gold sale.
This potential development came about because the IMF finds itself on shaky financial ground. It is facing a shortfall of about $105 million this fiscal year (ending April 30, 2007), a deficit which is [...]
