You borrow the money. You buy the house. You sell the house 20 years later…and you give back the money. You would have enjoyed two decades of free housing.
In the 21st century, GDP growth rates slowed. Debt increased. Imports soared; exports slumped. And the perversities and absurdities increased.
When the economy is healthy and growing, people buy stocks and the index generally goes up. When it is fearful and correcting its mistakes, they buy gold and the index goes down.
Like a powerful drug, the phony money corrodes and disfigures your economy. Your teeth rot; your brain shrivels.
Faced with the next crisis, the grease monkeys at central banks are going to do what everyone expects them to do. They’ll turn the screws on savers, harder than ever.
Markets, economies, and even empires move in great, long-term swings. Sometimes they are forward-looking and expansive. Sometimes they retreat…
Why is the average US man poorer today than he was 45 years ago? His income is lower. And a typical lifestyle costs him twice as many work hours as it did then.
You could buy the Dow with 40 ounces of gold in January 2000. By January 2011, the Dow 30 stocks would cost you only 8 ounces.
Gold is real money. So, we measure real wealth in real money…and we compare it to dollar prices.
Stocks lost $1.4 trillion in value over the last few trading days. The press is reporting it as a ‘monster bloodbath.’
So far, the big, fat, ugly Dow has sat on the wall and stubbornly refused to tumble. But last week, Donald J Trump gave Humpty a shove.
The politicians and do-gooders like to talk about government ‘investing’ money. But it is rare that government spending produces any positive return at all.
The Federal Reserve whittled down its key lending rate by 25 basis points, in what was probably the biggest mistake in Fed history.
Beyond Meat — a company that sells imitation meat products — got whacked with a 12% loss. That still left it nearly 10 times above its initial offer price.