Bogus Tariff Bounty
Wealth is not created by politicians or their programs, policies or money-printing bamboozles. Instead, it is the fruit of taxi drivers, doctors, accountants, jewelers…millions of people.
The Daily Reckoning Australia
Ready to Roll
Empires, like people, become more fragile when they get old. They sit, as if atop a great mountain, ready to roll down in any direction.
Motoring Through France
When the stock market is low, bad news is expected; it does little damage. But at the top almost anything can cause a crash…while there is almost no ‘good news’ that will send stocks higher.
Can a bull market really climb this big a wall of worries?
They say that “bull markets climb a wall of worry.” But this wall looks more like a mountain range littered with the carcasses of optimistic hikers.
Pericles on the Potomac
If you want to govern as a Big Man, you’ve got to weed out the unreliable little men. The first one to stop clapping was probably the most independent thinker in the group.
Yes Monkey Mortgage Magic
The deal made at Bretton Woods in 1944 was that the US dollar would be as good as gold, because foreign nations could always turn in their dollars for gold at $35/ounce.
