“The mind of man at one and the same time is both the glory and the shame of the universe.”
– BLAISE PASCAL, mathematician and theologian, after whom the computer language and operating system PASCAL was named
CHANGE OF PACE
By David Hay,
Bulls vs. Bears
“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t.”
– Alan Greenspan
SUMMARY
BULLISH SUMMARY
– The latest growth scare is over, and the US economy is set to accelerate.
HUNT FOR THE TRUTH
“There is a meaningful risk that, come November, one of the people currently running for president will win.”
– Barron’s Jack Hough.
“If God had wanted us to vote, he’d have given us candidates.”
– Jay Leno
HUNT FOR THE TRUTH
By David Hay,
SIX REASONS TO BUY GOLD IN 2016
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.”
– Charles De Gaulle, Leader of the French resistance during WWII and 18th President of France
SUMMARY
– Gold bullion and gold mining stocks have rallied 18% and 51%,
No thanks for the memories.
“It is better to be three hours too early than a minute too late.”
-Falstaff, in Shakespeare’s The Merry Widows of Windsor.
“Put simply, the Fed has created the third speculative bubble in 15 years in return for real economic improvements that amount to literally a fraction of 1%.”
– John Hussman,
