Dear Reader, The 100-year parallel between 1920 and 2020 is unmistakable. Spanish flu followed by a short, sharp depression. A century later, COVID-19 delivered a particularly nasty recession…and, for some business owners, it was a depression. Since both situations were clothed in identical attire, surely a Roaring Twenties decade is in our future? Remember the […]
First, ‘you load 16 tons and whaddya get…?’ We reported last week that inflation is costing the typical household around US$300 a month extra, just to stay in the same place. Where does that money come from? Here’s part of it; Business Insider: ‘Americans have been swiping their credit cards at record speed in the last few […]
Good ol’ Charlie Munger. Last week, the 98-year-old gave his opinion on the biggest danger facing US democracy. Yahoo! Finance was on the case: ‘Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” ‘He notes that it […]
Is the Fed really as incompetent as it appears? Today, we take a look. The Fed’s inflation now vexes consumers…investors…and politicians. CNS: ‘The average price of a gallon of self-serve regular gasoline in Los Angeles County rose four-tenths of a cent Saturday to $4.754, a record high for the eighth time in the last nine […]
‘The heart is devious above all else; ‘It is perverse… ‘Who can understand it? ‘I the Lord test the mind ‘And search the heart ‘To give to all according to their ways, ‘According to the fruit of their doings.’ Jeremiah, 17:9 ‘Science advances one funeral at a time’, said Max Planck, who meant that a […]
Friends sometimes offer the old intention, ‘May you live in interesting times’. After taking a beat, they quickly add, ‘That’s not a blessing, it’s a curse’. Of course, it’s not intended as either; it’s an ironic take on the news of the day. However intended, it’s certainly true. We are living in most interesting times. […]
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