Wednesday, August 17, 2016

London riots are the Nanny State’s dead end

August 15, 2011 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Here’s the peerless Mark Steyn, writing about London’s riots in his latest column: Several readers wrote to taunt me for not having anything to say on the London riots. As it happens, Chapter Five of my book is called “The New Britannia: The Depraved City.” You have to get up [...]

Gold’s Surge Predicting Deal Will Be Sausage

July 27, 2011 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Our elected leaders need only look at the chart below to see how the budget stalemate will turn out. Gold has been rising at an exceedingly steep pitch since early July, implying that whatever deal emerges from the sausage factory on Capitol Hill, it will not much affect the ongoing destruction [...]

Deficit Hawk Coburn Should Save His Breath

December 27, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Interviewed by Fox’s Chris Wallace on Sunday, Senator Tom Coburn (R-Oklahoma) made quite a splash in the news, warning that America could suffer “Apocalyptic pain” within the next few years if it doesn’t get debt under control. Coburn’s heart seems to be in the right place, since he is one of [...]

A World in Upheaval

December 14, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks (The following essay by Cam Fitzgerald, an occasional contributor to Rick’s Picks, drew nearly three dozen responses since being posted Sunday evening, so we are letting it run for another day. Cam sees a world on the brink of financial, economic and political disaster. If the global economy and trade were [...]

Gold and Silver Ebb, but Not the Larger Trend

December 9, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks [Gold and silver have been hit hard this week, so it is probably a good time to remind ourselves that the factors that have been driving bullion prices higher for the last decade are still very much in place – are indeed more powerful than ever.  In the following interview, Greg [...]

Stocks Chug Higher, Impervious to Bad News

December 6, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks The stock market shrugged off appalling jobs data on Friday to close higher, much as we might have expected.  Although Beadledom’s best and brightest had been looking for unemployment to remain unchanged at 9.6% for November, it actually jumped to 9.8%, at least according to the official tally. (Shadowstats’ John Williams has [...]

Bets Against Europe Unlikely to Lose

November 29, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks With Ireland in the throes of an IMF-style bailout, we are being told not to worry about Portugal and Spain, since they are supposedly in significantly better shape. To be sure, Portugal is already living under stringent austerity measures, and Spain’s sovereign borrowing is nowhere near that of Ireland, let alone [...]

Time for Mortgage Lenders to Consider a Jubilee?

November 26, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks [Nearly three years of strenuous efforts by the Fed to lift home prices has not added even a dime’s worth of inflation to the average dwelling. Perhaps it’s time to try a new approach by bailing out beleaguered homeowners, more than 35 million of whom owe more on their mortgages than [...]

First, the ‘Good’ News…

November 22, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Last week’s financial headlines offered a study in contrasts. On the ostensibly sunny side of the news was the explosive evacuation coaxed forth by General Motors’ IPO. Economic optimists must have rejoiced at this spectacle, oversubscribed and charged with hubris as it was. Just like in the good old days, speculators [...]

Bullion Bulls Needn’t Fear a Resurgent Dollar

November 16, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Time for a reality check in bullion – and in the dollar while we’re at it – since anxiety about the price action in both seems to be rampant these days. The latter, as represented by the NYBOT Dollar Index, exceeded a bullish trigger price of ours yesterday by 0.02 points, [...]

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