With gold breaking yet another record of US$4,000, some are asking whether it’s turning into a bubble that could burst. Brian explains the developments that make him bullish long-term while he expects a short-term correction.
We are all part of these patterns, not the architects or controllers of them. When a child is born, you might as well alert the funeral parlor. There is no doubt where this will lead.
The threats and challenges we face today are largely down to dodging nuclear power. But what if we’d embraced the technology instead?
Sooner or later, the stock market bubble has to deflate. It can develop a slow leak, with rising inflation gradually undermining real values. Or, it can just go ‘pop.’
Sometime in the future, the stockholders’ good luck is likely to vanish. Stocks have real value. That real worth — the present value of future earnings — must ultimately be expressed in prices.
There’s a big difference between having the best growth rates and having the worst. And if you don’t know which you have, you’re probably headed to trouble. Which is exactly where the US is headed.
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