By Addison Wiggin

In my investment letter, Addison Wiggin’s Apogee Advisory, we spend a great deal of time, money and resources looking for new investment ideas that our subscribers can act on independently. Sometimes what we find instead is outrage.

For example, the federal government is about to dump millions of the foreclosed homes at fire-sale prices to hedge funds and private-equity firms with government connections. If you’re an individual investor who might like Read More »

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By Ron Paul, Texas Congressman

Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece’s.  Per person, our government owes over $49,000 compared to $38,937 per Greek citizen.  Our debt has just reached 101% of our Gross Domestic Product.  Our creditors see this and have quietly slowed down or stopped their lending to us.  As a result, the Federal Read More »

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EDITOR’S COMMENT: Another timely commentary about what the financial and political media are trying to do by appealing to your “animal spirits,” where you start perceiving others freely spending borrowed money. This results in an overwhelming urge for you to follow or join the herd, and increase your overall spending, which will help translate into a temporary overall improved economy. Another maneuver by the Fed, Treasury and media to convince or “con” Read More »

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By Liza Fabrizio

It’s a weird thing in this country. When it comes to state and local elections, American citizens seem to act in a responsible manner; that is, they actually do the work necessary to make informed and responsible choices in the voting booth. People seem to be able to grasp the issues that affect their lives and then make sober decisions based on what is beneficial for them and their families. Read More »

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By Alan Caruba

I have not been kind to Ron Paul and his participation in the Republican primary campaigns and it has taken me a while to understand why he is doing this. It is clear that he wants to be around to influence the Republican platform and the issue about which he is abundantly correct is the Federal Reserve.

Anyone taking notice of Obama’s latest budget has to conclude that his mission Read More »

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EDITOR’S COMMENT: We have written many times about the upcoming plight of the boomers regarding their deteriorating outlook for retirement. Here is an interesting and different Swiss view of how the boomers have been manipulated and misled into believing that there would be significant savings for them in their IRA’s and 401k”s, if they just invested and saved enough. Unfortunately, a number of these boomers had their nest eggs sharply reduced, as Read More »

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By Charles Hugh Smith

As the U.S. dollar strengthens against other currencies, the phantom corporate profits generated by a devaluing dollar will vanish.

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. Why are they phantom? Because they are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

Though few domestic observers Read More »

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By Alasdair Macleod

Last Monday night, before the US markets opened after President’s Day, bailout terms for Greece were announced. The detail is secondary to assessing whether or not it will work, or whether only a little time has been bought. Theoretically the deal can work, but it is extremely unlikely that it will. Almost everyone knows or suspects this, but the survival of the European political system is at stake, and this Read More »

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EDITOR’S COMMENT: Eric Fry, in his thought-provoking comments, discusses the “unthinkable” or the “unmentionable” by discussing the possibility of Greece simply defaulting on its debt and its other obligations, rather than enduring any years of additional severe austerity. This could be done rather easily with Greece “taking the hit” all at once, rather than spreading the pain over a much longer time span, unfortunately, as we know, a large part of the Read More »

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