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.
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.
Cut the interest rates all you like. But you may as well send a meat lover to a vegan buffet. Plenty to nibble on. Nothing to fill or satisfy.
It was in the early 1970s that the idea of ‘stimulating’ an economy began to take hold, first among progressives, later among conservatives.
‘It’s all part of a plan,’ explained a colleague. ‘Trump is not book smart; he’s smart like a fox.’ ‘He knows that Americans need to see some economic improvement in … Read More
How do you know when there might be a currency upside opportunity? There are a few shortcuts I use that have delivered. Let me share them with you.
The Fed lowers rates. More money flows into asset prices. People think their stocks are worth more. But they are probably less valuable.
Instead of being a reactionary background-level mechanism, central bank decisions have become the driving force of economies…
What kind of capitalism is it when the capitalists drive up their share prices rather than producing goods and services that they can sell at a profit?
The money is fake. Interest rates are artificial. Prices are fraudulent. And today, the price signals are worthless.
The guardians of the world’s most important measures of value said they would lend more fake money at even fakier interest rates.
You might think I’m a bit a crazy to even suggest bitcoin as a potential ‘haven’ asset. Bitcoin is very risky and there’s lot of uncertainty about its future.