The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
Buying stocks or houses may have been a good plan for 1982. And maybe even 2002. But for 2019? Is the pattern of the last 30 years likely to continue?
There are three important decisions in life: What you do…with whom you do it…and where you do it. What. Who. Where. Keep it simple.
Trump, many believe, is the Messiah. He will wipe away every tear. Mourning, crying, and pain will be no more. He will deliver us from evil, they think.
Put the cronies in charge of business. Let the loyal apparatchiks control prices. Then, print money to cover your deficits. What could go wrong with that programme?!
We suspect a big disaster is coming later in the century…and why we suspect it will be centred in the Fake Money Capital of the World – the USA.
Claptrap comes in many guises and disguises. Sometimes, it is based on inconsequential error. Sometimes, it is just bad judgment.
The cost of living has continued to rise. By the 21st century, the typical man had to work twice as long to buy an average house and an average car as he did in 1975.
Three times, the Dow has tried to beat its October 2018 high of 2,680. And three times, it has failed. This ‘triple top’ formation is a bad sign.
China has been providing Americans with low-cost goods for nearly 40 years…with trade barriers coming down steadily. Suddenly, the China trade is unacceptable.
Banning trade didn’t work for North Korea. Instead, it created a Hell on Earth. But how about the US? Would it create an Eden here?
Orr, Jones and friends seem to think that the economy needs jump-starting. Maybe it does…let’s look at the facts.