In early July of 2007, before the August panic, I sold everything and went 100% cash in several currencies. I held on to my cash for many months while studiously trying to figure out how the sub-prime fiasco would pan out and how the Federal Reserve would respond. I finally figured it out.
Read more
This is possibly the most fascinating documentary I’ve seen in years, the implications of which will keep me busy thinking and studying for years.
Read more
The problem is simple and the solution is obvious, but there will never be peace.
Read more
The Wall Street Journal is reporting that Prince Alwaleed Bin Talal, the subject of Rudy’s scorn at last week’s New Hampshire debate, is about to invest billions more in struggling Citigroup, no thanks to Rudy of course. While it’s not a positive sign for America that foreigners are beginning to seize their assets, it does show a commitment by the Saudi Prince to saving America’s largest financial institution. Would you invest billions of dollars in a country you are trying to destroy? I didn’t think so.
This commentary is not about the Federal Reserve, it’s about central banks in other regions that are following the Federal Reserve down a path to self destruction. Foreign central banks are deliberately inflating their own currencies along with the Federal Reserve, against the best interest of their citizens, in a vain attempt to help Americans move beyond the consequences of their own irresponsibility.
Read more
This was the highlight of last night’s debate, for me.
Read more
The argument in favor of tipping at restaurants is always an emotional appeal to support poor waitresses that make a pitiful $0.50 per hour slave wage, or whatever. One of my friends actually tried to convince me that if restaurants paid their employees more they would all go out of business — think of all the poor waitresses that would lose their livelihood! Bull shit.
Read more
Over the course of a few days, a reader who goes by the name “General Public” discussed with me the merits of using food as money, instead of gold. I’m still not sold on the idea, but it was a meaningful discussion that deserves more publicity.
Read more
Whether China will emerge unphased from a significant slowdown in the American consumption machine is a debate that has been raging for well over a year. Many respected economists disagree on this important question.
Read more
They say intelligent people point out the obvious and geniuses point out the obscure, so this idea may not be genius, but it’s pretty damn close. It’s so simple it makes me want to scream.
Read more
Page 10 of 14« First...«89101112»...Last »
