Eric Hommelberg: A 2,000 Dow or $10,000 gold?

Eric Hommelberg has called a few in his day. In 2009, he predicted gold would reach $1,300/oz. the following year. And it did. But $1,800/oz. gold by the end of the year? Gold has recently come off its high of $1,580/oz., but Hommelberg, a principal of ValcambiGold.com, isn’t discouraged. In this exclusive interview with . . . → Read More: Eric Hommelberg: A 2,000 Dow or $10,000 gold?

Owe No Man Anything

Well, this is interesting:

In a June 21 response, attorneys for the church indicated the church had strategically defaulted on the mortgage after learning its real estate – a 23,635-square-foot office building housing the church – is worth only $2.375 million vs. the $7.653 million owed to the bank.

This strategic default involved an . . . → Read More: Owe No Man Anything

What went wrong with supply-side economics?

The economic crisis of 2008/2009 had confronted the mainstream economic theory with an unpalatable task of revisiting the notions and perils of the ideas which dominated the course of economic theory in the last few decades. In 2003, delivering a speech to the American Economic Association, Robert Lucas famously noted that the central problem . . . → Read More: What went wrong with supply-side economics?