Proverb 22:7 tells us: “The rich rules over the poor, and the borrower is the slave of the lender.” Most contemporary translations render ébed “slave” as with the ESV here. The predominant translation of ébed in the King James version is “servant”. In Hebrew culture an ébed was commonly a slave, however, given the connotation […]
Archives
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Servant of the Lender
13 Nov 2018
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Even a stopped clock is right twice per day, and Mr. Trump is right much more than that (from an economic perspective). So despite my angst over his posture on immigration and free trade, let’s give Mr. Trump his due. The Fed’s easy money policy is fraught with significant problems, and the Fed itself is institutionally […]
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Stock markets hit record highs this week, and yet most people aren’t excited about it. Google “the most hated bull market in history” and you’ll find many reasons for pessimism–we just don’t trust this market. In normal times, this would indicate we are still healthy, as legendary investor Sir John Templeton once said: “Bull markets […]
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This blog is not investment advice. Mainly because yours truly has no clue what to tell you to do, although some foolishly ask him, demanding SPECIFICS. As if without a specific prediction you have nothing worthwhile to say. It is absolutely true that I might have nothing worthwhile to say–but not because I fail to […]
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It always amazes me that most people think that the effect of central bankers on the global economy is small. Its not just our resident critic here @ BATG. I went to a conference last year where a very conservative Christian financial advisor told me that the stock market was basically just about the great […]
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International Monetary Fund warns on the bubble they encouraged! But has the horse already left the barn?
30 Sep 2015
Yes, another blog post on the Fed’s failed monetary policy. I hate to keep blogging on this particular issue, but it continues to be the major economic issue facing us. Now that the effects of the easy credit bubble deflating are becoming apparent to everyone, including famed corporate takeover investor Carl Icahn, the IMF is […]
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In Fed We Trust!
16 Sep 2015
Tomorrow the Fed will announce its decision on whether to increase interest rates for the first time since 2006, and the markets seem to be thinking we’ve got at least another meeting until it happens. Markets are up in the last couple of days and even long-beaten gold is catching a bid, sensing that interest […]
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Boom Boom! Bust?! What’s next for world markets?
23 Aug 2015
Lots of press the last few days on the markets crashing, with the first stock market correction since 2011. I’ve been warning that this won’t end well, but that doesn’t mean I have the answer to what happens next–if I did I would be making the trades first thing tomorrow to profit from it myself. […]
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Some Questions to Ponder: Just Asking
15 Jul 2015
I have a few questions for thought today. I am not answering them, though the reader may well have some idea where I am on them. So just read and ponder. Please feel free to comment too. I have not read the Iran nuclear deal yet, but I understand it will aid Iran in developing […]
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Some economic links from the web worth reading
09 Jun 2015
Over on Cafe Hayek, Don Boudreaux has yet another gem on the minimum wage. I love his economic work so much that I am almost despondent that I’ll never be as logically articulate as he is. But I’ll keep trying. In that article I offer an extended quote for the day: One of the greatest […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach