After a few months long hiatus from writing, it was time to come back… Martin Armstrong was very kind to ask me to share my views on global real estate. The links to the report are below. First comes Martin’s highly insightful piece on now unfortunately mostly forgotten real estate booms and busts of the 18th…

I suppose after decades of insane, counterproductive and suicidal economic and social policies espoused by much of the Western world, no one ought to be surprised at our foreign policy being equally insane, counterproductive and suicidal. And yet, I admit, at times I still marvel at the monumental scope of our stupidity. The myth…

“I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt.” (Thomas Jefferson) I was reluctant to waste time commenting on the debt ceiling and ‘spending cuts’…

It’s been three days and three nights now that London has been burning, and there is no end in sight. An orgy of violence, destruction and looting has been raging across the capital; gangs of mostly black youths continue to smash up and plunder shops, vandalize and torch properties and set cars ablaze. Yet…

I’m not known for overt sentimentality, but watching the TV coverage of the last Space Shuttle returning to earth last Thursday morning was one of the saddest moments I can recall. Once Atlantis touched down it was all over; there would never be another Shuttle. I’ve always had a penchant for all things space related….

Links to interesting articles I have read over the past few days that you might also enjoy… Barron’s mid-year roundtable: Buy Low, Stay Nimble Avoiding Losses Is One of the Keys to Managing Money Everything You’ve Heard About Fossil Fuels May Be Wrong Modern Portfolio Theory Is Harming Your Portfolio Checklist: How to Spot…

Guest post by Cantillon On occasion it can be remarkably frustrating putting the case for an investment thesis to an unreceptive audience based on its intrinsic and rational merits.  Over time one perhaps learns that the approach one takes to forming an insight into likely prospective market developments is simply not compatible in the…

Guest post by Cantillon In recent years it has become very fashionable amongst the want-to-be contrarian crowd to focus on the relative valuation of gold to other assets – particularly vs equities.  There are clearly long swings of relative equity appreciation and then of relative gold appreciation – the latter being not terribly happy…

The erosion of people’s rights by the government continues at breakneck speed, and virtually unopposed. A ruling by the Indiana Supreme Court from last week should have been a grave cause for concern to any Americans who still value their remaining liberties. But of course very few noticed, or bothered to pay attention. In…

Links to interesting articles I have read over the past few days that you might also enjoy… Ray Dalio: The Billionaire Who Expounds Truth More Dalio: Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution Is Universally Rewarded John Paulson’s View on Markets What Exactly is Dow Theory? Dylan…