SNB & CHF

When risk factored returns are examined around the world, there is a very evident pattern. Without the application of excessive leverage, returns are consistently seen to be wanting. Unrecognized, ignored or ineffectively hedged risk is being increasingly being assumed to achieve marginal returns. Moral Hazard and Unintended Consequences due to Monetary Malpractice has left the world with dysfunctional financial markets that are now broadly mis-priced and overwhelmingly in the Austrian...

Over the last decade the gap between the 'have's' and 'have nots' has widened to levels not seen since the Gilded Age in America. History teaches us that the price of inequality is social unrest. Nobel Laureate Joseph Stiglitz in his new book "Freefall" outlines how the American Dream is now a myth. The middle class which has been the driver of a distorted 71% consumption based US economy has now been gutted. There are serious consequences of this paradyn shift that are now evident at all...

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Goofing at Taco Bell

Gordon T Long and Charles Hugh Smith discuss the proven failure of Centralized Planning and why this lesson must be revisited today to avoid the authoritarian roadmap we appear to be presently on.

In Part II of this 2 part series, Gordon T Long and Charles Hugh Smith discuss Statism and how the US has placed itself on a self reinforcing roadmap towards this increasingly likely destination point.

In Part I of this 2 part series, Gordon T Long and Charles Hugh Smith discuss Statism and how the US has placed itself on a self reinforcing roadmap towards this potential destructive destination.

Charles Hugh Smith and Gordon T Long discuss how the financial markets are showing a mulitude of signs of clear peaks. Peaks across the board that are linked by cause and effect. Altogether, they can best be described as "PEAK EVERYTHING".

Charles Hugh Smith and Gordon T Long discuss Crony Capitalism. What is it, the central issues it is presently causing and what can and must be done to stop its insidious and relentless expansion in America.

Dr Mark O'Byrne of Hills Pet Nutrition gives opening introduction to Australian Veterinary Association Conference, Canberra Australia. 21st May 2012