Daily Archives: November 12, 2014

1986-style real estate “crash” coming (again)

“Crazy” asset prices make no sense: “the numbers just don’t work.” Really?? Landry’s Chairman Tilman Fertitta explains why he sees a crash of the U.S. real estate market coming that’s similar to the fall experienced in 1986. Here is a … Continue reading

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Spending money

Turns out spending on others and buying ourselves experiences and services that save time are more fulfilling than buying things…couldn’t agree more. Latest research suggests wealth alone doesn’t provide any guarantee of a good life. What matters a lot more … Continue reading

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Risk markets: officially sanctioned gambling not investing

Further to my articles last week here and here, gambling with large sums of money is a well worn path to financial devastation. Addictions and denial with gambling run rampant, but most people understand it is self-destructive. The problem with … Continue reading

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Stockman on the long term harm of financialization

Good discussion of economic facts with David Stockman this morning… David Stockman, head of President Ronald Reagan’s Office of Management and Budget, and Paul Roberts, author of “The Impulse Society,” examine the state of U.S. fiscal policy, spending and budgets.  … Continue reading

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US likely to follow global economy into recession

Morgan Stanley and Goldman Sachs see only global strength ahead…what? the risk sellers see no signs of a downturn? Surprise, surprise… Bloomberg’s Simon Kennedy reports on the global economy and the risk of a recession.  Here is a direct video … Continue reading

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US dollar strength continuing to deflate other assets

As commodities rallied 2002 to 2008, most people were oblivious to the huge role that a falling US dollar was having in inflating the price of other assets. We referenced the following teeter totter chart many times in our presentations. … Continue reading

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