“Only the government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.” -MILTON FRIEDMAN The Taylor House Rules. Numerous past EVAs have highlighted the famous, at least to monetary authorities and economists, “Taylor Principle” (aka, the Taylor… Read More
“I’m terrified of missing a big rally but equally terrified of a possible apocalypse.” -BARTON BIGGS, ACCLAIMED MONEY MANAGER POINTS TO PONDER 1. Unfortunately, the US Purchasing Managers Index (PMI) for both services and manufacturing has fallen to levels below those… Read More
“This isn’t just my wallet. It’s an organizer, a memory and an old friend.” –SEINFELD’S GEORGE COSTANZA The following piece, written by Evergreen Gavekal’s CEO Tyler Hay, was published by Seeking Alpha earlier this week. Seeking Alpha reaches over 650,000 readers as “the… Read More
“Going into this summit we had a monetary union in Europe that clearly did not work. Coming out of this summit we have a monetary union that still does not work.” -PAUL DONOVAN, GLOBAL ECONOMIST, UBS POINTS TO PONDER 1. Though the popular… Read More
“Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and fearful master.” -GEORGE WASHINGTON Morning in America or America in mourning? Undoubtedly, how you are feeling, as this pivotal week comes to an end,… Read More
“Those who are too smart to engage in politics are punished by being governed by those who are dumber.” – PLATO “A good president is one who gets elected.” – ADOLPH MENJOU, IN THE 1948 FILM STATE OF THE UNION “The world needs honest men more… Read More
“The shale/tight oil boom in the United States is not a temporary bubble, but the most important revolution in the oil sector in decades.” -FROM OIL: THE NEXT REVOLUTION, BY THE BELFER CENTER AT HARVARD’S KENNEDY SCHOOL POINTS TO PONDER 1. Fed Chairman… Read More
“Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.” -MURRAY ROTHBARD, ECONOMIST AND PROMINENT PROPONENT OF THE AUSTRIAN SCHOOL OF ECONOMICS. Read More
“The US can pay any debt it has because we can always print the money to do that.” -ALAN GREENSPAN POINTS TO PONDER Special message: First of all, my Evergreen colleagues and I would like to wish all EVA readers a… Read More
“I think that if we don’t get these politicians to come together, we face the most predictable economic crisis in history.” -ERSKINE BOWLES In the wake of the US presidential election, it’s been interesting to listen to fellow Americans wax political on the issues facing… Read More
