USAWatchdog interviewed Hugo Salinas Price, a well-known and highly successful businessman operating in Mexico. Born in the United States, Price is now a passionate advocate for sound money and has been pushing for the Mexican government to adopt monetary silver again. Unfortunately, he sees far too much political pressure against sound money, particularly from the […]

Morningstar, which 20-odd years ago ended its useful coverage of individual foreign stocks from Japan, is now going global again, with a “travel kit for global investors”. Then I went to Chicago to plead with Morningstar to reconsider. Now it has thought better of hiding behind our borders and is telling Americans their stick-to-home portfolios […]

Less than 48 hours after the official launch of the ECB’s celebrated PSPP Q€ initiative (or what we might call ‘Draghi’s descent into delirium’), we examined the program’s structure and noted that full implementation might prove challenging. Citi had already posited a scenario whereby the central bank may be forced to raise the issue cap on non-CAC […]

Is U.S. shale about to make a comeback?  Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a new found bullishness in the oil markets – net long positions on Brent crude have […]

I was back on CNBC with Rick Santelli on Tuesday May 19. The topic once again was municipal bonds with a spotlight on Chicago. Here are a pair of videos. Live Santelli Exchange CNBC’s Rick Santelli discusses Chicago’s credit downgrade and municipal bond crisis, with Mike Shedlock, Sitka Pacific Capital Management.  Link if video does […]