Nouveau wealth: debt free, less stuff, cash, peace and options

As the consumption-on-debt-bubble deflates, many people are evolving their life plan with a fresh focus on less stuff, no debt, more savings, peace of mind, and plenty of options…ah yes, and meditation, instead of noise.

Poker pro Faraz Jaka has accolades to his name and millions in earnings. He’s also homeless, and chooses to couch surf around the world. Here is a direct video link.

Max Fletcher rose from an entry level position to a CFO, all while maxing out his 401k. Now, he and his wife are enjoying their ideal retirement: sailing around the world. Here is a direct video link.

Posted in Main Page | Comments Off on Nouveau wealth: debt free, less stuff, cash, peace and options

Financialization’s magical mystery tour

A world where some algo-jigged financial assets trade in a highly levered world of their own dreaming, while real economy staples crash. No need for revenue growth, or organic profit growth, or customers, or realistic present valuations of future cash flows. Welcome to the Fed-induced magical mystery tour. Only a problem of course when the dream crashes once more, and it becomes apparent that emergency help no longer exists.

S&P decouples chart March 9 2015

Posted in Main Page | Comments Off on Financialization’s magical mystery tour

Shilling on the next leg down in oil

A. Gary Shilling & Co. President Gary Shilling discusses the price of oil on “Bloomberg Surveillance.” Here is a direct video link.

Posted in Main Page | Comments Off on Shilling on the next leg down in oil