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“Slablam!” as our buddy Scott from North Carolina would put it. The Dow(n) Jones Industrial Average dropped 1.48% last night, while the tech-heavy Nasdaq got whacked for a 1.76%. “Double slablam!” as your editor said while eating our Kellogg’s All Bran after reading the following news story on Bloomberg News: “Pimco, NY Fed said to [...]

Obama’s letter to the G20 a few weeks ago imploring Western leaders not to embark on austerity measures to rein in their expanding budget deficits but instead to continue stimulating their economies has been the starting gun to an immense battle between the forces of rational economic management and Keynesian claptrap.
This is a battle [...]

“At the end of the day Im just a mug punter but even I with my limited intelligence know the definition of “super” I mean imagine if Super mans powers were slightly greater than that of the average man….. he wouldnt really be “Super man” now would he, he’d be “Slightly better than average man” [...]

Well, we’ve given the Super Profits Tax a fair shake of the sauce bottle the last few days, so we’ll mix it up again today before changing tack tomorrow.
But before we get on to today’s Money Morning, a brief announcement…
The guys and gals at the Melbourne Adam Smith Club have been crazy enough to invite [...]

The advice from the mainstream commentators seems to have dried up.
Are they lost for ideas? Of course not. The truth is they never had any ideas. Well, not good ones anyway.
But here’s the baffling thing. Based on everything you’ve been told by the mainstream press over the last two years, their [...]

As you may have noticed, we’ve given the climate change/global warming “tree” a bit of a shake over the last few days.
Given the response, we’ve clearly strayed into dangerous territory. More dangerous perhaps than when we took on the property clowns and their lies about a housing shortage and that property doubles every seven [...]

As promised, in today’s Money Morning you can read a guest essay by Lord Christopher Monckton of Brenchley titled “Copenhagen – a sinister non-answer to a non-problem.”
Lord Monckton’s essay is after your editor’s contribution to today’s newsletter.
But before I get on to today’s subject, a small bit of housekeeping. Quite rightly, several readers have [...]

If you missed yesterday’s Money Morning on ‘Born Again Keynesians’ (BAKs) love-affair with the Output Gap, then take a quick read now. You can click here for it.
You’ll need to read it as a primer for the following item. And don’t forget, you can now leave comments on the Money Morning website, as [...]