All that’s happened since 2008 has been an accelerated pursuit of the policies that caused the crisis in the first place, lulling people into a false sense of security.
CPI figures. Unemployment numbers. US corporate earnings. Investment industry reports. Information being produced for public consumption is seriously compromised.
Second-level thinking is deep, complex and convoluted. It is different and better than first-level thinking, which tends to be applied by the crowd.
The fall of the US stock market will send shockwaves around the world and, like Pavlov's dog, the response from central bankers will be something that you can easily expect...
Don’t people realize that when anything market related is prefaced with ‘record’ or ‘all-time’ it’s closer to the end, and NOT the beginning, of a trend?
The world has too much debt, too much capacity, too many entitlements, too many people moving into retirement, and too many people who think the world owes them a living. Reality is going to hit — and hit hard.
Personally, I’d have thought a national debt load in excess of 600% of GDP and an ageing population who are opposed to debt-funded consumption would have been the root causes. No, it’s that pesky Jeff Bezos who’s to blame…
On any given day, less than 1% of shares in the market change hands, but their sale impacts the value of the other 99%. The same principle applies to the economy...so how much has to change before we should worry?
The global economy is one gigantic Ponzi scheme that needs an ever-expanding debt base to keep it from collapsing. We need to take a breather, take some pain and build a better system...but how?
Maintaining the illusion of prosperity, growth and stability is the goal of Janet Yellen and the vast quantities of debt that have been built to 'solve' a debt crisis. What we're witnessing is madness; Fraud on the grandest scale.
. Are you within 15 years to retirement? Sorry to be the bearer of bad news, but the real timeframe could be a longer one that you need to understand, comprehend and plan for.
Many dream lifestyles have been shattered by a loss of capital. There are so many traps out there that it’s impossible to know them all, so here’s a simple checklist to guide you...
Low wage growth. High private and public debt levels. Increased automation. Persistently high un- and under-employment. Our economic ‘miracle’ is a mirage.
The moral of the story in Europe is that you can only turn the tax vice so far before the wealthy say ‘enough’ and vote with their feet. Taxing the rich is not easy.
The US market has the capacity to fall 75% or more in value. As unlikely as it sounds, it has happened…and it will again.
Living within our means…forget it.That was so 1930s...Whether it’s the UK, Australia, US, Japan or Europe, the debt and entitlement story is the same:Too much debt.Too many promises.Too few workers.Too little desire to change course. The legacy of the
The Treasury has a problem. Revenue is (highly) variable. Spending is fixed and escalating. A buffer needs to be built…lower spending. Here’s my solution to achieving a surplus in 2050
Since the events of 2008–09, the US government has gone in ‘boots ‘n’ all’ to prop up the economy and market. Earnings have fallen 10% and the market has risen over 20%. It took US$33.5 trillion to produce US$1.9 trillion in economic growth. Does
In 1932, Germany's unemployment fell from 30.1% to just 2.1%. At he same time, laws were introduced that made it effectively illegal for Jews to work…’approved’ Germans took their jobs. The resulting data was a statistical mirage.
No politician, with an eye on the next election, is going to voluntarily take the hard decisions necessary to rein in debt and deficits. Therefore, it will be imposed on the electorate by brutal market forces, the same kind that have sent people into the
Whinge, bloody whinge. Nothing is more certain to get a politician’s attention than the crocodile tears of the so-called progressives. We’ll find another pocket to pick to soothe your concerns…there, there, you poor, hard-done-by progressive who wants
People will lose homes. Investors will tear up equity. That’s what markets do. They inhale and exhale. Government ‘fixes’ are an attempt to stop the market from natural respiration.
Given their pedigrees and PhDs, Greenspan, Bernanke and Yellen should have identified from a mile away the economic equivalent of an oncoming bright yellow steamroller with flashing lights. Yet they completely missed it.
While I love ‘tiny stocks’, and while I believe they have the potential to be super lucrative for investors, it’s important to know that ‘tiny stocks’ can be incredibly risky, too.