In the 1940s, renowned science fiction writer Isaac Asimov began writing a trilogy of novels called the Foundation Series. Asimov’s protagonist discovers and develops “psychohistory,” a mathematical science that statistically predicts the general course of future events for large groups of people. As it turns out, Asimov’s idea was actually science, minus the fiction. [...]
The age of de-leveraging is upon us. Bad news for the US economy; good news for gold. For the past 60 years, corporate debt has grown faster than the economy – 4.1% annually for debt, compared with only 2.7% for the economy as a whole. In short, more and more debt went toward producing each [...]
In the 1940s, renowned science fiction writer Isaac Asimov began writing a trilogy of novels called the Foundation Series. Asimov’s protagonist discovers and develops “psychohistory,” a mathematical science that statistically predicts the general course of future events for large groups of people. As it turns out, Asimov’s idea was actually science, minus the fiction. [...]
We saw it coming and got it wrong at the same time. But at this price, it’s hard to complain… $1,092 an ounce this morning, another record high for gold. Back in September, the IMF announced it was selling a boatload of its gold reserves in order to finance its global interventions. We thought China [...]
