Bonner’s law says that ‘when the money goes, everything goes’. The corollary tells us that things in the financial world especially get a little funky.
‘…there is a middle way, where half the pension is paid to everyone and the balance is income tested. Denmark has such a system.
Tomorrow, we’ll look at the proposed alternatives and whether we, as a nation, can afford a universal pension OR do you take personal responsibility to safeguard your financial position from the perfect storm?
Yes…COVID be damned…there is always opportunity in the share market depending on your time frame.
That ground is owned by the lobbyists rather than the traditional custodians of our democratic land, the regular citizen.
With all the talk of inflation and interest rates recently, it seems everyone is forgetting China. Obviously, the direction of interest rates are hugely important for the stock market…
Sit down. Remain calm. Let’s try to figure this out… The big news last Friday was that the House got together and passed Joe Biden’s social spending program.
Over 115 years ago, a devastating natural disaster put into motion events that would cause the most devastating financial disaster in history.
This was classic monetary inflation on an unprecedented scale. Never before had any government ‘printed’ so much money in such a short period of time.