I diagnosed U.S central government with an illness I call Management Deficit Disorder (MDD) in February of last year. Since then they have shown no inkling of getting better. Instead the disease is getting worse, as widespread abuse is being uncovered everyday in Washington DC. It is a place gone mad. In the face of widely available remedies,...Read More

Japan bucked the trend of bleak news this week by reporting GDP growth of 3.5% for the first quarter. While three-and-a-half percent growth cannot be considered a boom, it might feel like one in Japan. Their economy has never really recovered from the tsunami, and until this welcomed first quarter news, has contracted for six...Read More

This week the Dow Jones Industrial Average did what it couldn’t do last week – it found the courage to close over 15,000 points for the first time in history. The chart below compares the Dow’s performance to Real and Nominal GDP; a discussion follows. In terms of today’s dollar, the DJIA has 500 more...Read More

If the Wall Street establishment had any guts the Dow Jones Industrial Average would have blown past the 15,000 mark and ended the week comfortably above it, say 15.3 or 15.5. That would have made a huge statement that this Bull Run is legitimate and worth investing in, and not just another fluff and puff...Read More