Why Socialism for the Rich, Capitalism for the Poor?

This article is going viral: Why Socialism for the Rich, Capitalism for the Poor? A small annoyance is how the word ‘socialism’ has come to mean so many things, usually depending on the underlying political or economic motives of whoever is using it, that it’s…

Why Bitcoin Keeps Going Up: Analysis

The huge 2016-2017 Bitcoin rally is on a lot of people’s minds: Why does it keep going up? Didn’t all the ‘experts’ in 2011-2014 say it was a bubble? Why does it refuse to burst? Is it a bubble? Maybe not. Correct Predictions, Part 2:…

The Best of Times or The Worst of Times?

We have two contrasting opinions: From Bill ‘RamZPaul’ Gates: Warren Buffett’s Best Investment Bill: One of my favorite books is Steven Pinker’s The Better Angels of Our Nature. It shows how violence has dropped dramatically over time. That’s startling news to people, because they tend…

Make The Stock Market Great Again

Stock market hits new highs The ‘Teflon market’: Why stocks keep setting new highs despite Trump drama The S&P 500 has gained 10% since Trump’s victory. Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism – even…

Why a Wealth Tax is a Bad Idea

Here’s How Trump Should Tax The Rich … Anyone who has a net worth over $5m (or $20m) has to pay 1-2% of that amount each year. It would be like the estate tax, except you paid it while living. Warren Buffett complains he does…

Why Foreign Real Estate is a Bad Investment

There is some advice that is so bad, as an act of public service it is necessary to debunk it. In this post, it’s about foreign real estate, or more specifically, why you should never buy foreign real estate. Five reasons not to buy US…

The American Dream Still Exists–If You’re Smart Enough

From Freakanomics Radio: Is the American Dream Really Dead? It depends how you define it and for whom. The podcast defines the ‘American Dream’ in terms of upward mobility, or the percentage of people born in the bottom fifth of income who advance to the…

Stagnant Inflation-Adjusted US Wages: Putting Things in Perspective

Headlines about stagnant inflation-adjusted wages in the US, are becoming increasingly common. Real wages have not budged since the 60′s: However, WSJ had an article discussing how wages are higher when measured by a different inflation index, and also after accounting for increased employee benefits…

The ‘New World Order’

From Unz: Risks and Opportunities for 2017 Russia is now the most powerful country on the planet. I know, I know, the Russian economy is relatively small, Russia has plenty of problems and just a year ago Obama dismissed Russia as a “regional power” while…