For the first time in three years, US Quarterly Earnings are Poised to Drop.

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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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4 Comments So Far
New Jersy M Wrote: Jul 29, 2012 12:12 AM
Gold standards do NOT prevent such problems. The history of gold as money is chronicled by Peter L. Bernstein in The Power of Gold/The History of an Obsession. It should be sufficient here to note that Spain spent 400 years, from 1500 to 1800 collecting gold from around the world. All they did was prove that you can have inflation in a gold economy.

That said, I would welcome a Constitutional Amendment declaring that the policy of the USA must be the stability of its currency, and I would measure that stability by a very broad index of prices and earned income.
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Greg1084 Wrote: Jul 28, 2012 9:14 AM
Gee. Sounds a lot like Ron Paul. Are you listening, President Romney?
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Blair31 Wrote: Jul 28, 2012 9:26 PM
If Ron Paul was worth his libertarian salt, why doesn't he introduce a bill privatizing Social Security, Medicare, and Medicaid?
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David4 Wrote: Jul 28, 2012 10:05 PM
Ask him. He might be introducing a bill each session. Likely they go to the committee where all bills disfavored by the leadership go to die.
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