Donald Trump says we’re in a bubble that’s leading to a “very massive recession”… In a recent Washington Post interview, Trump suggested the U.S. stock market is overvalued. He said the Federal Reserve’s cheap money policy has created a new asset bubble. He then warned of a severe economic downturn on the horizon. It took […]
The gold-silver ratio just hit extremes unseen since the depths of the 2008 financial crisis… The ratio shows how many ounces of silver it takes to buy one ounce of gold. Over millennia, the ratio sat around 16:1 (silver to gold). But as governments demonetized silver, the ratio slid to as much as 100:1. In […]
The largest U.S. “megabank” just fired off a new salvo in the War on Cash… The Wall Street Journal reports JPMorgan Chase & Co. just capped ATM withdrawals at $1,000 per day for non-members worldwide. Banks often cap their own members’ ATM withdrawals. But JPMorgan Chase is the first to cap withdrawals on other banks’ […]
From Andy T.: Economics professor Walter Williams is a buffoon. Here are his words in the March 29 PBD: I buy more from my grocer than he buys from me. That means I have a trade deficit with my grocer. In one year Williams will have nothing (except maybe some rotting vegetables). But the grocer […]
For the first time ever, more humans are obese than malnourished… Bloomberg reports the number of obese adults has exploded from 105 million in 1975 to 640 million today. One-fifth of Earth’s adults will be obese within a decade. Obesity presents an array of serious challenges for humanity. But this struggle wouldn’t exist without overwhelming […]
The Chinese just made a preemptive trade war strike… The Wall Street Journal reports China is hiking its “parcel tax” on April 8 on foreign goods shipped into the country. The tax affects all overseas shipments mailed through e-commerce websites (like Amazon and Alibaba). The taxes will range from 9-17% depending on the item. They’ll […]
From Mark Ford, editor, Creating Wealth: Earlier this year, I talked about grappling with fear and contending with negative thoughts. Today, I’ll deal with a particularly important financial fear: the fear of starting a business. When business writers talk about why so few people become entrepreneurs, they cite “fear of failure” as the No. 1 […]