Mark Skousen, Ph. D., is the editor of the monthly investment newsletter, Forecasts & Strategies, as well as three weekly trading services, Skousen High-Income Alert, Hedge Fund Trader and Fast Money Alert. He also is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He currently holds the Benjamin Franklin Chair of Management at Grantham University. He has taught economics and finance at Columbia Business School, Columbia University, Barnard College, Mercy College, Rollins College and Chapman University. He also has been a consultant to IBM, Hutchinson Technology and other Fortune 500 companies.
Gold is the hitching post of the monetary universe. Jim Dines (quoted in The Maxims of Wall Street, p. 151)
015 Far Eclipsed 2014 as Worlds Hottest Year, Climate Scientists Say. Global Warming Blamed for System That is Warming Up, Relentlessly. New York Times, January 21, 2016 2015 Was Not Even Close to Hottest Year on Record. James Taylor, Forbes.com, 2016
I attended an interesting financial/economic conference on Jan. 20 at Chapman University, where I am a Presidential Fellow, hosted by National City Bank. The keynote speaker was Larry Summers, former Secretary of the Treasury under President Obama, former president of Harvard University and an economist.
Every quarter the U.S. Department of Commerces Bureau of Economic Analysis (BEA) releases gross domestic product (GDP) statistics. Its latest release indicates that GDP grew at 2.0%, suggesting a slowdown in the economy but no recession.
It is hard to believe that Republican Sens. Ted Cruz and Rand Paul, both running for President of the United States on a political platform that features small government as a centerpiece, would advocate a value-added tax (VAT).
The financial terrorists are coming out of the woodwork. I recently received a warning from Jim Davidson that the U.S. economy is heading for imminent collapse. But its not just gold bugs who are predicting disaster.
The New Year is here, and its the year which everyone has been waiting for to discover if America will rise up to become great again following the November elections.
The subtitle of my collection of Maxims of Wall Street (over 2,000 of the new 4th edition sold during the holiday season) is Bears make headlines, bulls make money.
Nothing is more difficult than holding on to your stocks in a bull market. Jim Dines, Maxims of Wall Street, p. 99
Yahoo Finance reported a revised Gross Domestic Product (GDP) recently for the third quarter of 2015, emphasizing consumer spending as the driving force of the economy because it accounts for more than two-thirds of U.S. economic activity.
The above headline came from an article in Casey Research about the fact that the U.S. Mint sold out of American Eagle Silver Dollars in December 2015 and is minted more than 47 million silver dollars this year.
Like most of you, Ive dealt with the U.S. Postal Service for many years, for better or for worse. Certain clerks at the post office are friendly, helpful and competent. Then there are others who are slow, uncaring and unfriendly. You meet all kinds of workers at the post office.
In May, my son Todd and I attended the 50th anniversary of Berkshire Hathaway, Inc. (NYSE: BRK-A), the investment company run by Warren Buffett from his offices in Omaha, Nebraska.
Alex Green, the chief investment strategist of the Oxford Club, recently wrote an article on the importance of Christmas in the economy and googled the question, How much of the economy is consumer spending? The responses came up as 70%.
The U.S. Treasury Department reported that a taxpayer just sent the government a check for $2.2 million to help reduce the national debt. The national debt is now at around $19 trillion and rising.
Since the mid-1970s, Ive attended every New Orleans Investment Conference, the granddaddy of gold-bug conventions.
A travesty of justice occurred at this years New Orleans Investment Conference. One of the speakers, a veteran Canadian investment writer, who has presented at the event almost every year since the 1970s, was denied entrance into the United States because he didnt have a work permit to give a speech in America.
Raising the minimum wage will put money in the pockets of consumers and will stimulate the economy. Robert Reich, former Secretary of Labor
This is a tale of two Midwestern businessmen who live only 300 miles apart. In May, I traveled to Omaha to attend Warren Buffetts 50th shareholder meeting for Berkshire Hathaway. Five months later, I flew to Wichita to meet with Charles Koch (pronounced coke), who just released his new book, Good Profit.