Henry Paulson. Hank. Remember him? Of the crisis in 2008, he said: “Where I come from, if someone takes a risk and they’re going to make the profit from that risk, they shouldn’t have the taxpayer pay for the losses.” Quite the wisdom one expects from the 74th U.S. Secretary of the Treasury. Yet, as […]

Has the out-of-control cabal of central banks inflated grotesque asset bubbles in global property, stock, and fixed-income markets? Or are we to believe traditional media’s “fake news” mantra of “it’s different this time?” Well, bad news, folks. It’s never different, not this time, not anytime, NEVER.   Capitalism is being destroyed The US Federal Reserve, […]

  Back in April, I wrote a piece about Apple Inc. I suggested that the company’s stock price was a little frothy. I suggested caution was in order. At time of writing that piece, the company’s stock price was at about $635, just a shade off its high. I got crucified for that piece. Virtually everyone commenting […]

About four weeks ago, I wrote on my blog that Facebook was heading for a ridiculous valuation when it was launched on the stockmarket. That wasn’t because I think it’s a bad company – pretty clearly a company that makes a billion dollars in profits after only a few years of life is a remarkable […]

Apple Inc. is a phenomenon. One of the most remarkable companies in history. It makes products which I personally adore. It has revolutionized so many consumer markets, it’s hard to overstate the company’s effect on our lives. Steve Jobs once said he wanted to put a ding in the universe. And, in his unkindly shortened […]