Category Archives: Economy
The Twisted Tale of Consumers and Producers
“Every man is a consumer, and ought to be a producer,” observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.” These days Emerson’s critical insight has been tipped up on end. Producers … Continue reading
The Perfect Storm Bearing Down Upon Us
The barbarous relic wasn’t the only thing that got smashed last week. Commodities did too. On Thursday copper fell nearly 2 percent, to its lowest level since 2009. Iron-ore prices also dropped. Oil did too…falling below $50 a barrel. Still, … Continue reading
Will We Get the 1930s or 1970s?
What’s the deal with your neighbor? His car’s 12 years old. His house has minimal upgrades. He’s the only guy left on the street who still cuts his own grass. Is he a weirdo? Or is he a millionaire? Certainly, … Continue reading
Foundation for Massive Wealth
We wandered around the Coachella Valley for several days this week. If you’ve never been to the area you aren’t missing out. It’s a giant desert valley centered about 120 miles due east of Los Angeles. Some people go there … Continue reading
