Reality Check continued

I reported on the story of race-specific biological weapons in my 2002 report on the stock market and the threat of war in Iraq. When these weapons come out of the laboratory, the world will never be safe again.... keep reading

Moore's Law says that computer chip capacity doubles every 12 to 18 months (probably 12). This defies that most ancient of economic laws, the law of diminishing returns. That's good news for buyers of information.... keep reading

Saddam Hussein did exactly what I advised in September, 2002, and is in jail. He called Bush's bluff. It wasn't a bluff. It also was a pack of lies from start to finish, which was clear to me in 2002. Now the body bags are piling up, as I said they would.... keep reading

Secretary of Defense Donald Rumsfeld wrote a series of rules that should govern every high-level Presidential appointee. These rules are quite good. It is a shame that he has systematically broken all of them since 2001.... keep reading

The pre-2000 dream of annual gains of 7% per year is dead. The Dow peaked at 11,750 in 2000. The dreams of the investors who believed the 7% per year dream have been delayed. Soon, they will retire and start selling.... keep reading

These two professors, old classmates at M.I.T., have been battling for the public's allegiance for a decade. Since 2000, Shiller has won the debate. Here is evidence that the debate is not over.... keep reading

Any subscription-promoting forecaster who predicts deflation should have sold all of his urban real estate. If he is living in his own home, assume that he's just using contrarianism to sell subscriptions.... keep reading

A few people worry about deflation. This is because they do not understand central banking. Only with a breakdown in the electronic payments system could we get deflation. This is possible, but unpredictable.... keep reading

Why anyone still pays any attention to a forecaster who predicts price deflation is beyond me. They are always wrong. Always. Decade after decade, they are wrong. They have been wrong ever since 1932. Yet they don't go away. There is always a market for nonsense.... keep reading

People respond to sanctions. Today's pay for CEOs is the result of tax laws passed by Congress. Congress howls bloody murder for the results of its own policies.... keep reading

Faith in politics is still alive, but confidence is long gone. Men still have hope that politics won't make things much worse, but no hope that it will make things significantly better. This has major implications for investing.... keep reading

As of mid-2002, there had been no massive sell-off of the Dow, signaling a bottom and a new bull market. There has yet to be such a sell-off. This has negative implications for the U.S. stock market.... keep reading

The politicians can't let good enough alone. They surely cannot leave bad enough alone. Every recession produces another round of controls and fiat money. 2001 was no exception.... keep reading

When the fundamentals said "sell," these two economists found book buyers for Dow 36,000. You can't sell a "buy now" book at the bottom of a cycle.... keep reading

Supermoney is for founders of businesses, who retain a huge number of shares, and then sell the remainder to investors. The founder gets rich if the stock goes way up. But he must sell into the boom if he is to keep his wealth. That's what Bill Gates does.... keep reading

The American personal savings rate has been close to zero for a decade. Younger Americans do not save. Capital investing remains close to 20%, but foreigners are the investors: buying up capital. This is why you should keep working after age 65.... keep reading