Aliens Hoarding Gold

Keith Schneider | August 21, 2011

With all the wonderful news (not) on the economic front and the Equity Markets cratering, Gold was partying like it was 1979, extending its parabolic move another 6% for the week, while silver moved up 5% on Friday alone, looking …


Roller Coaster

Keith Schneider | August 14, 2011

It was considered a major feat this week that US Equity indexes only finished down about 1.5%. That was accomplished with the help of good news on the employment front as our jobless rate dropped to 9.1%, according to latest …


Something Is Burning

Keith Schneider | August 8, 2011

Don't panic! It's only a small fire.

The story goes that Nero. Emperor of Rome fiddled while Rome burned, ushering in the fall of the Roman Empire. There are many theories of why Rome, the world's super-power fell into decline. …


No Ceiling in Sight

Keith Schneider | July 31, 2011

Back in the day when I was a very young NYU student, I took a few Art History classes and discovered M.C. Escher, famous for his drawings of optical illusions. The drawing above was one of my favorites. Notice how …


Preparation De(fault)

Keith Schneider | July 24, 2011

With all of the useless things the government has spent our money on, the one that tops the list is the time our treasury officials are spending preparing for a debt default.  I have a quick solution that might prevent …


Congressional Cockfight

Keith Schneider | July 17, 2011

While the debt ceiling issue is ticking away, the guys inhabiting Capitol Hill are playing chicken with our future. This political game of cockfighting should be outlawed just like the real thing.  One big difference between us and other countries …


Running of the Bulls

Keith Schneider | July 10, 2011

The stock market continued its bull charge this week trampling some of the big hedge funds and anyone crazy enough to be short based on economic fundamentals.  Even with an anemic job growth number reported last Friday morning, the market …


Foolish Blunder or Brilliant Charge

Keith Schneider | July 5, 2011

The big news this week was the Greeks (for now) agreed to austerity measures in order to get bailout loans, saving the country from default and keeping it in the European Union.  Also helping  to cap off a  rare 5% …


Oil of Worry

Keith Schneider | June 26, 2011

To the surprise of many and under the influence of bad economic reports, 28 countries led the US to agree to release oil from their rainy day (strategic reserves)  stash of crude oil to ease the economic suffering around the …


Greeks Wary of those Bearing Gifts

Keith Schneider | June 19, 2011

The markets teetered and then stabiized as Germany finally coughed up a few bucks (with a little help from France) to keep Greec part of the EU. Another too big to fail scenario as many European and US banks are …