Tag Archives: collapse
What Were They Thinking?
One benefit of hindsight is that it imparts a cheap superiority over the past blunders of others. We certainly make more mistakes than we’d care to admit. Why not look down our nose and acquire some lessons learned from the mistakes of others? Continue reading
Unsolicited Advice to Fed Chair Powell
Behind closed doors, President Trump and Fed Chair Jay Powell are in freak out mode. President Trump wants lower interest rates and artificial stimulus to fabricate GDP growth into the 2020 election year. His prospects for a second term in office depend on it. Fed Chair Powell knows the economy’s toast. Annualized GDP growth for the first quarter of 2019 was recently estimated at just 1.3 percent. But he cannot yet admit it. Specifically, he cannot cut rates just yet without triggering a market panic. Continue reading
As the Madness Turns
This is the mad world we live in. A world that will only get madder as policies of desperation are rolled out in earnest to keep the price of money cheap, the price of assets high, and the government swindlers in Washington flush with money borrowed on the backs of the unborn. But make no mistake, this madness will turn. First it will turn to fear, then to anger, and then to death… Continue reading
Why Warren Buffett Should Buy Gold
Warren Buffett bought his first shares of stock at 11 years old. He saved up $114.75 and “went all in,” purchasing three shares of Cities Service preferred stock. The day was March 11, 1942 – nearly 77 years ago. Buffett recently reminisced about this purchase in his annual letter to shareholders: “I had become a capitalist, and it felt good.” Continue reading
