Independent Investment Management and Financial Planning
Often a new economic boom begins when things couldn’t get much worse. High unemployment, high inflation, low / negative growth, and stagnant / declining asset prices all contribute to a feeling of misery, which is usually the prevalent emotion at the bottom of a bear market or economic cycle.
Continue reading “Then vs. Now. The Beginning of A Long-Term Cycle vs. The End of One”
This note was first published to my email subscribers on 1/10/2018.
Early this morning, at 4:26 AM CST to be exact, Bloomberg broke a story that senior officials in the Chinese government are considering reducing or halting purchases of U.S. Treasury Bonds. This caused stock futures to drop, USD to drop, and bond yields to spike (i.e. bond prices to fall) before the open.
So what is this all about and why is it such a big deal? Continue reading “China and U.S. Treasuries…What was this morning’s news all about?”
Today, I’m trying something new. Instead of writing a commentary, I’ve recorded a podcast. This will allow you to access my perspectives while driving in your car!
Recently, Jamie Dimon called Bitcoin a fraud. While I don’t agree it’s a fraud, I do want to comment on the irony of his comments regarding cryptocurrencies as those comments pertain to the U.S. Dollar.
Take a listen and please share if you find this podcast interesting!
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”
– Norm Franz, Money & Wealth in the New Millennium
“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.”
– John Adams, First Annual Address to Congress
Executive Summary