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.
The Daily Reckoning Australia
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?
Who led the Oligarchic Revolt of 375 BC?
That is the essential insight of the classics – that there may be progress in man’s material world, but not in his intellectual world. Ideas come and go… and then come again.
Banana Republic Prices
The US has become a banana republic without the bananas. The practical importance: shouldn’t its capital assets — its stocks and bonds, primarily — be marked down to banana republic levels?
