Deja vu All Over Again
Argentina had been one of the world’s richest countries. But by the third decade of the 21st century, the Peronists — who governed Argentina for almost 80 years — had run out of other people’s money.
Commentary
The Bells of August
One day, when the Dow/Gold ratio falls to 5, stocks will be a bargain again. Then, investors will be disgusted by stocks, not enchanted by them. That’s the dip we want to buy.
Groundrush
We humans fall off the ledge the day we are born. And every bubble. Every human life. Every empire. And every paper currency ends the same way.
Trade Under the Big Top
Saying is one thing. Doing is another. A trade deal, procured under duress, is not likely to be more valuable than intel gotten by torture.
Public Fraud
With Trump as fund manager, it will be invested in the most promising and critical industries. It will rebuild industry, create good-paying jobs, and keep us from being an industrial backwater.
As Good as it Gets
If there is a crash, you can count on the Fed to lower interest rates. It is still committed to backing the Wall Street party, by putting more gin in the punch bowl when necessary.
