Investing in stocks used to be an affirmation of faith in the American system of free enterprise and a method to build personal wealth. How many stories have you heard about the secretary at McDonalds or Merck or another great American company who retired as a millionaire after buying shares in the company over many […]
Americans Dump Stocks As Market Soars – Are Long Term Investors Extinct?
January 11, 2013 Leave a Comment
The Greater Fool Theory On Presidents and Voters
November 16, 2012 Leave a Comment
The voters have spoken but what have they said? The following view on how the U.S. is viewed by one Czech analyst appeared on Peter Grandich’s website. Never underestimate the power of the American public to vote with their pocketbooks while ignoring the larger fundamental economic issues which ultimately threaten the wealth of all Americans. […]
Unemployment Levels In The U.S. Have Always Been Volatile
November 2, 2012 Leave a Comment
The worse part of the financial crisis that started in 2008 was the shocking manner in which unemployment levels skyrocketed. In a very short period of time the unemployment level more than doubled from 4.5% to around 10% at the peak. The latest numbers from the Labor Department show hope, as the unemployment rate continues […]
Will The U.S. Confiscate Gold Again?
October 31, 2012 Leave a Comment
Many precious metals investors are worried that the United States may decide to confiscate gold again, as was done in 1933 when President Roosevelt signed Executive Order 6102. Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates […]
Are Children Who Move Back In With Their Parents Losers?
October 29, 2012 Leave a Comment
It has been widely reported that an increasingly large number of children are moving back in with their parents, some after completing four expensive years of college. Pew Research conducted a recent study that examines the circumstances associated with the decision by many young people to move back in with their parents. If there’s supposed […]
Allen West On Why Democracies Are Self Destructive – Free Everything Cannot Work
September 20, 2012 Leave a Comment
Mitt Romney raised a firestorm with his comments about the large number of Americans relying on government handouts for survival. Adding to the debate, Congressman Allen West of Florida penned a thoughtful reply which concludes that the country cannot survive unlimited dependency. By Rep. Allen West WASHINGTON (MarketWatch) — Gov. Mitt Romney’s comments about the […]
It’s Not Your Imagination – Our Living Standards Are Collapsing
September 4, 2012 1 Comment
No one likes earning less this year than last year. If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble. The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]
The Connection Between The Fiscal Cliff And Deer Infestation
August 10, 2012 Leave a Comment
“Words are plentiful but deeds are precious” – Unknown Has America become paralyzed by discussion, litigation and the inability to compromise or have we simply lost that precious commodity known as common sense? If we can’t solve minor problems, how can we ever hope to resolve festering problems that profoundly threaten the future welfare of […]
Achieving The “American Dream” Is A Fantasy For Many – How Do You Measure Up?
July 21, 2012 Leave a Comment
A recent study by The Pew Charitable Trust concluded that the current generation has little to look forward to in achieving the “American Dream”. In fact, fewer that one-third of Americans can expect to exceed the level of wealth and income achieved by their parents. This depressing study, entitled “Pursuing the American Dream” probably only […]
It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing
July 20, 2012 Leave a Comment
Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe. Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]