Tag Archives: debt
The Decline and Fall of the Stroh Family Beer Business
Great wealth, like the seasons, is ephemeral. One generation accumulates it. While another burns through it. The difference is dependent upon whether one has a short or long time horizon. Do they save some seed corn for the next grow … Continue reading
An Absolute Disaster?
Last Thursday the DOW surpassed 17,000 for the first time ever. What a marvelous achievement. The combined forces of mass money creation and speculative fervor have bid up the market to levels a person of sound mind and honest intentions … Continue reading
The Paradox of Fed Credit
Last Tuesday the Bureau of Labor Statistics reported the Consumer Price Index increased 0.4 percent in May and 2.1 percent over the last 12 months. That means if you didn’t get a 2 percent raise this year you’re doing worse … Continue reading
Cause and Effect of a Broken Market
According to the professionals, the economy’s improving. Can you believe it? Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … Continue reading
