Old Adage Was Public Servants Work For You — You Work For Them Now
Different liberal thinkers had different views on how much the state should intervene to safeguard the vulnerable and ensure a relatively egalitarian society existed.
US Stock Market
We Have Markets That Aren’t Really Markets Anymore
We have central banks playing a leading role in the support of higher and higher stock prices (and lower and lower bond yields). We have markets that aren’t really markets anymore.
To Infinity and Beyond — Corporate Profits Beating Global GDP Growth
There IS an underlying law of economic gravity at play here. Companies can’t infinitely grow earnings faster than GDP growth. You can cut costs (lower wages through automation)…
Fake it ‘til You Make it — Capitalism Is Not Working Anymore
Capitalism created almost all the wealth we enjoy. In a world in which we have to compete with state-run giants like in China, that think on 50-year time horizons, quarterly capitalism simply doesn’t cut it…
The Blow-Off Top in Tech Stocks Is Nearly Done and Dusted
Huge amount of capital flowing into the mega-cap tech stocks like Apple, Amazon, and Microsoft. Since the COVID crash, the NASDAQ quickly recovered and reached its old highs by June 2020…
Too Much Liquidity with No Place to Go — New Stock Market Highs
Money market funds tend to invest in short-term government Treasury bills and corporate debt
Life-Changing Decisions — Studying Generational Wealth
These are just some of the high-profile first-generation wealth creators who’ve lost their wealth due to poor investments and/or lavish lifestyles…
How I Learned to Love Lockdowns — Buying Growth Stocks
You have a binary outcome in a world of financial repression. You can go full ‘risk-on’ and buy the most aggressive growth stocks and momentum plays…
When the Roof Fell in — Real Estate Market Update
Shrewd real estate investors look for properties they can buy for about eight-times gross rental income.
Market Prices Show a Shift in Sentiment Everywhere
The market had a panic about the effect of inflationary pressures on commodity producers in particular.