Post-2008 wealth creation boom: recap and why it will continue

Over and over again, this blog keeps being right: -right abut tech stocks (especially, Facebook, Google, and Amazon stock (Gnon index), all of which keep going up) -right about Bitcoin (been long since early 2013) -right about the post-2009 economic expansion and bull market (now in its 8th year, and will be the longest ever)… Continue reading Post-2008 wealth creation boom: recap and why it will continue

Correct Predictions

Predicting the future is notoriously hard, and that seems to have so far discouraged potential authors and readers alike. Predicting is not as hard [1] as, say, understanding theoretical physics or algebraic geometry. There is a simple heuristic I use: assume past trends will continue. Stocks will keep going up, wealth inequality will keep widening,… Continue reading Correct Predictions

Explaining America’s Economic and Social Stability

Fred Reed ponders the ‘endgame ‘ for America. Things do not look good. The country is disintegrating. The borders are open, against the will of much of the population. Our universities are in sharp decline, the students a rebellious unschooled rabble portending a peasant future. The economy gutters and standards of living fall. Jobs are… Continue reading Explaining America’s Economic and Social Stability

What Comes Next

From Free Northerner: The Neoreactionary Bargain The current social order is slowly(?) collapsing. The money’s run out, inflation and cheap debt are reaching the limits of their ability to mask insolvency, the natives are growing increasingly restless, low-level guerilla war is rising, and our culture and cohesion are breaking down. What can not last forever,… Continue reading What Comes Next

More Correct Predictions (Greece, Facebook, Emerging Markets, Trump)

More Correct Predictions: 1. Most importantly, I was right about Greece being much ado about nothing. The major market indexes have since recovered all their Greece-related losses, as I predicted they would. Greece got thrown another lifeline, kicking the can down the road yet again. 2. Facebook stock keeps making new highs. The Social network… Continue reading More Correct Predictions (Greece, Facebook, Emerging Markets, Trump)