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Your editor’s head is full this morning. We arrived at our Fitzroy Street office at 8.30am. But we didn’t type our first words until around 11am.
The thoughts in the Sayce brain are all trying to come out at the same time. And none of it is making any sense [Reader's voice: No [...]

With or without hyperinflation, today’s welfare-state obligations – just like 1919’s war reparations – are simply too big to be paid…
The EUROZONE’S PROBLEM? In short, it’s history…precisely what the single currency was supposed to neuter, of course.
Greece’s still-pending €110bn bail-out has already cost three lives in Athens’ riots today. More bloodshed inside Western Europe would [...]

What shall we do with those people deprived of work by wealth and technology…?
HOW TO FILL the days, hours and minutes? It’s now seven decades since John Maynard Keynes peered into the future and declared that, one day, trying to scratch a living would cease being “the permanent problem of mankind.”
On the contrary, the moustachioed [...]

It seems that not only is our friend Michael Pascoe unable to see the value of gold, but he is obviously quite incapable of working out a basic sum – that 1 + 1 = 2.
And his unwavering faith in the ability of the Reserve Bank of Australia is commendable, yet completely mad. After [...]

Sorry to be the bearer of bad news reader, but what we’re seeing right now is the anatomy of a Depression in full flow.
Remember how the policy makers and central bankers told you they “Wouldn’t repeat the mistakes of the Great Depression”? I remember those comments too.
Do you remember them saying, “Ben Bernanke is a [...]

We always believe it’s good to hand out awards to people who deserve it. Whether it’s for doing good things or bad things, we believe they should receive an award to recognize their “achievement.”
In this instance, the newly inaugurated “No —- Sherlock Award” goes to the US Federal Reserve’s Federal Open Market Committee (FOMC). [...]

If the price of something has risen by 45.06% in the space of a year, does that mean it is a price bubble?
Not necessarily, but it’s a question worth asking.
Take a look at the chart for gold priced in US dollars below:

Even in the last two months the price has burst through the USD$1,000 level [...]

Editor’s log: Agora Financial Investment Symposium, day four…
Your editor is now back on the ground in Sydney, waiting for the flight back to Melbourne.
Today we’ll wrap up our coverage of the Agora Financial Investment Symposium. We’ve got a brief summary of our own presentation – we’ll try to be fair and balanced with the [...]