Author Archive
SEC to Impose More Restrictions on Short-Selling
You can’t make this stuff up. (And if you did, your literary label would be “socialist fiction.”) The SEC is now going to “temporarily” ban short-selling. Details of course are yet to be announced. It’s not clear what the timetable will be, or which stocks will be affected. Also, this particular story doesn’t say whether […]
Read moreDid Andrew Cuomo Make Palin-Like Gaffe On Naked Short Selling?
I’m getting ready for my Penn State student radio interview so I can’t pontificate–don’t worry, I’ll be long-winded tonight. But I’ve got CNBC on in the hotel room, and CNBC’s Maria Bartiromo was interviewing NYS Attorney General Andrew Cuomo, who is getting ready to crack down on “illegal” short-selling. She said something like, “Well Mr. […]
Read moreMurphy at Penn State Thurs – Fri
Notwithstanding the Wall Street meltdown and other newsworthy items, I will be blogging lightly for the next couple of days as I am giving a talk tonight for the Penn State Libertarians. Here is their flyer (pdf). On Thursday at 5 PM EST I will be on the Penn State radio station (90.7 “The Lion”) […]
Read moreFaith in Humanity Update
I’m pleased to report that I just got my cell phone back in the mail. (Loyal readers will recall that I left it in a cab last week.) And because I was pressed for time, I just put in a $5 bill for the guy (with the postage paid envelope). So maybe The Dark Knight […]
Read morePracticing What I Preach
I just bought about $700 in US silver coins (dollars, half-dollars, quarters, and a few dimes) and I threw in a 1/4 oz gold coin just for kicks. I bought the crappiest coins they had; i.e. no numismatic value here. I realize there’s an incentive for me to be an alarmist–because then people come to […]
Read moreDisgruntled Lehman Employee: "Austrian Economics Was Right!"
No joke. Check it out. (Click for larger image.) Thanks to my former student Shannon P. for the picture.
Read moreGold Stages Biggest One-Day Gain in the History of the World
…according to this article. You see folks, just a few days ago I really started urging you to buy gold. And today alone it’s up 10.74%. I think if I had been a little more formal with the recommendation, Free Advice’s “track record” would have been astounding amongst financial digests.
Read moreStocks Down 3%, Gold Up 8%
I guess I feel vindicated today, since I have been saying since July 2007 (pdf) that US stocks and the USD were in trouble, and that precious metals were the place to be. As of a few minutes ago, the S&P 500 was down over 3%, and gold was up over 8%, for the day. […]
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