Speculators buy into bubbles, not investors. In the bubble psychology, speculators believe that they can buy high…and sell even higher.
The Daily Reckoning Australia
The National Debt is Too…Small?
Twenty years after the Howard government paid off our national debt, Australia is back in debtors’ prison. But is it really such a bad place to be?
From Bubble to Eternity
By almost all measures, US asset prices are in a bubble. Based on Cyclically Adjusted P/E ratios, the S&P 500 has been this high only one time in history — at the height of the Dot.com bubble.
Rough Trail Ahead
Government takes many different forms. But the one form all governments share is that of a criminal enterprise. At the end of the day, the feds force people to do things they don’t want to do.
Vengeance, thy name is Virginia
But here’s the critical part: they will use their newfound power as Trump did — to punish their enemies, further their own pet projects and buff out their own authority.
Doing the Nixon
The longer Trump stays in the captain’s chair…and the crazier and more inept he appears…the more likely the democrats are to win elections — both this year…and in ‘28.
