Mark J Lundeen
Barron’s has published U.S. electrical power consumption (EP) since their 05 Aug 1929 issue, just weeks before the stock market crash of October 1929. Regrettably this means EP’s 52Wk moving average, a vital series in my work, doesn’t...
With the fall of the Iron Curtain in 1989 came a surge of expert opinion explaining why the Soviet Union was destined to fail; apparently, communism had made it impossible for the Soviet economy to find the correct prices for goods and...
This week my focus is on the stock market, but first let’s compare how the Dow Jones has performed compared to gold and silver since their credit crisis lows. Remember, gold and silver bottomed in October 2008, five months before the Dow...
Animals exist in an eternal now; to them the past means little and the future an incomprehensible impossibility. People are different, or at least they should be able to see the past as a key to future possibilities, but sadly, when it...
For all the recent depressing price action in gold and silver, really nothing has changed in the past year. Take silver’s BEV chart as an example, below we see where in April of 2013 it was bushwhacked to its BEV -60% from its BEV -40%...
QE-3 began in September 2012 with the Federal Reserve committing itself to the purchase of $85 billion dollars a month of US Treasury bonds and illiquid mortgages from its favorite financial institutions – the big NY banks. And why not?...
Under a Gold Standard, debt doesn’t pile up over the years as we see below with the US national debt. Credit creation during the gold standard era was used to fund future wealth creation. This new credit money was used to extract...
The Federal Reserve has let it be known that it intends to reduce its purchases of mortgage and US Treasury debt (taper its Quantitative Easing) to zero. At each of the Federal Reserve’s past two meetings they’ve cut their QE purchases by...
The gold and silver markets saw a little excitement early this week when the Obama administration announced it intended to freeze Russian assets if President Putin didn’t withdraw Russian troops from Ukraine. But not enough excitement to...
“Economic growth” is a favorite topic of government economists; people who find signs of “growth” everywhere they look. But they base their public research from the beginning of the Obama administration, which corresponds with the bottom...
