Dollar sign floating in bubble, about to be popped with a needle

Gold in Another Stock Market Bubble

For weeks, I’ve intended to write a post on the current stock market bubble, and now, the New York Times‘ David Leonhardt has beaten me to it, but I’ll make some additional points. Robert Shiller, a Noble prize-winning economist, is among the market analysts and economists whose work I follow and admire. I discovered Shiller several years…

Federal Open Market Committee abbreviation against green background of numbers

Even After the FOMC Decision We’re Still in Suspense

In the wake of the FOMC’s decision, some analysts are lurching to the extreme, speculating that a majority of the FOMC sees the economy as weakening. We won’t know what individual members think about the state of the recovery until the minutes of this week’s meeting are released. But the Fed’s announcement makes it clear a majority of the FOMC believe the economy continues to expand. We also know the FOMC decided to wait for more data before making a decision. There are probably three primary factors that influenced this decision…

Gold bars stacked on an array of one hundred dollar bills

On Gold and Precious Metals

I’m starting this blog during interesting and often confusing times for gold buyers and those considering the purchase of precious metals. My goal is to clear up that confusion by sorting through what’s happening in the gold market, explaining why it’s happening and what is likely to happen. I take a mid- to long-term perspective…