The quality of America’s public and elected officials seems to have declined sharply over the last 50 years. Glancing back at the Watergate scandal we wonder if the Epstein Saga will go the same way.
The Daily Reckoning Australia
In Thrall to Foreign Gods
The days of consensual democracy are clearly over. We are in some kind of Banana Republic/Strongman phase. This was highlighted yesterday in a news item that showed the strongman signing another EO.
Living mortgage-free, one ounce at a time
Our search for a home is over. We’ve made an offer and the vendor accepted. The next step is to settle. Learn how gold made our reality less burdensome. Pass this on to someone you care about.
Is AI a ‘Super Sell’?
Of the entire GDP gain for last year — $174 billion — fully three quarters of it were from capital investment in the AI/high tech industry. Take it away…and most of the ‘growth’ vanishes.
Ugly Prices
Stock prices are ‘mean reverting,’ which is to say that they always go back to a ‘normal’ range. And when they are extremely overvalued as they are today, they have a lot of ground to cover (losses!).
Investment fads keep dying before I can profit from them
By the time I’ve figured out how to profit from the latest government-driven investment boom, it suddenly ceases to exit. How can politicians be this fickle?
