Guy Smith | November 19, 2010
Sailors know to look for storms on the horizon. It is a survival tactic and one that tells them when hatches require battening or when to read last rites.
Today’s world is covered in storm clouds and the American captain is incompetent to sail out the approaching swells.
America will always have enemies, primarily because the history [...]
Guy Smith | November 15, 2010
The federal government, via their supplicants at Fannie Mae and Freddie Mac, caused the Great Recession.
Part of Fannie and Freddie’s debauchery was the creation of derivatives which packaged into ‘investments’ the subprime mortgages they and Congress encouraged/demanded that banks make. When over extended people began defaulting, a chain reaction ensued that caused your job to [...]
Guy Smith | November 12, 2010
Being a contrarian is entertaining, especially when you are right.
A few weeks back I decided to short gold (betting the price of gold would plummet) much to the astonishment of mavens who see the rapidly rising price of yellow metal as an unstoppable upward event, just like the housing boom, the dot-com era, “peak” oil, [...]
Guy Smith | November 9, 2010
Some things simply fail to surprise.
Take the Sunday television program 60 Minutes, produced by CBS “News.” To suggest that the cast and staff of 60 Minutes is in the bag for Barack Obama would be insulting. Their devotion runs much deeper. They individually and collectively drop trou, bend over any available railing, chair or table [...]
Guy Smith | October 21, 2010
Would it be queer to vote for the man who created the housing bubble and hence buggered the U.S. economy?
Wall Street pirates were not responsible for the recent American melt-down. Anyone with the diligence to dig discovers that what ruptured economic stability were Fannie Mae and Freddie Mac, which started life as government agencies under [...]
