I'm in New York for the annual spring meeting of the CMRE, the Committee for Monetary Reform and Education. This group attracts men and women from the investment community who share your editor's disdain for fiat money and other falsehoods promoted by Big Government. Here's the line-up of speakers at tonight's dinner: James Grant, 'Grant's Interest Rate Observer', the man who has brought financial reporting to a high art. In politics, James recently praised Grover Cleveland as president. (We agree and if your knowledge is incomplete regarding Cleveland, check the Mackinac Institute for the article by Lawrence Reed,* fellow supporter of sound money.) Charles Peabody of Portales Partners, reports on the world's banks and economies. In January, Charles had this provocative coverage, 'Is China the Next Disease? We think so!' His list of what a collapse in Chinese markets could produce for US financial companies is not to be missed. Can the bubble burst before the Olympics? Walter J. 'John' Williams prepares Shadow Government Statistics, an extraordinary service for sound analysis that he started when a client asked for his assistance as he could not depend on Department of Commerce GDP figures. Williams found the government figures faulty. His corrections lasted until� GNP methodological changes eventually made the underlying data worthless. His outlook is a deteriorating but still inflationary recession. Stanley Sporkin, known for his uncompromising work as a lawyer and a judge, he distinguished himself as a legal critic. Sporkin was SEC Chief of Enforcement during the Carter Administration. President Reagan appointed him to the U.S. District Court for the District of Columbia. He retired as a federal judge in January 2000. Rogue Wave Economics If you'd like to know more about the CMRE, click here. I was a speaker at this annual event myself, during the 1990-91 recession.
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