Far from the Wall Street Crowd
It is always a mistake to base investments on macro guesses. Even if you’re right about the trends, they often don’t have the results you expect.
Mennonite Country
Mennonite Country
We’ve put money into amateurish farming ventures in the US, France, Argentina and Bolivia…and generally lost money. Now, we’re getting serious…in Paraguay.
Primary Trends
Primary Trends
The value of US capital is in decline. Dear Readers are cautioned to stay in Maximum Safety mode a bit longer. There is at least a fair chance of a major sell-off in the stock market, coming soon.
Checkmate
Checkmate
The trap is this: the US cannot force Iran to do anything without risking a major retaliation. That could mean much higher oil prices…for a long time.
The free market can fix it
The free market can fix it
A life is passed in small increments. Minutes, hours, day, full of sights, sounds, tastes, touches and words. Let economists worry about GDP; we just want a quiet place to have a cup of coffee.
Dogs of the Dow
Dogs of the Dow
It is not possible for corporate revenues…wages…or federal spending to grow much faster than that for very long. And even that GDP number is a bit of an imposter.
A $58 Trillion ‘Big Loss’
A $58 Trillion ‘Big Loss’
It’s the end of the week. What have we come to? The surface chop — the ‘news’ and opinions — keep coming.
Wall Street’s Fake Beer
Wall Street’s Fake Beer
This is not about making real money…or adding real value. This is the foam on an estimated $45 trillion worth of fake beer on Wall Street.
Easily Squeezed
Easily Squeezed
Look for higher interest rates. Savings that might have been used to fund past borrowing must now be directed to current expenses. Lenders begin to think their money might be safer at home.
Live by the Sword
Live by the Sword
Ashurbanipal might be a good model. He inherited an empire from his father. He is credited, or accused, of being ambitious, ruthless and cruel. He, like Donald Trump, faced challenges. And he, like DJT, thought the best way to deal with them was with superior force.
