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Mount Vesuvius Anyone?

“In the face of a shock, investors may be surprised to find themselves jammed running for the exit.” That quote is from Paul Tudor Jones, who was one of the pioneers of the modern hedge fund and is considered a brilliant investor and trader. He went on to say that things are “on the verge of a significant change” and that the current market reminds him of 1999. The current market reminds me of the demise of Pompeii, which was destroyed by the massive volcanic eruption of Mt Vesuvius in 79 AD. Pompeii was a prosperous city of the Roman […]

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Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day.  The national debt is sitting at a grand total of $ 20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward […]

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Here’s Why Investors Don’t Trust Anyone in Power

Don’t lie, cheat, or steal. Those seem like pretty good rules to live by. Most of us learned these values as children. We watched our parents and, when we strayed from the straight and narrow, suffered through a variety of consequences. The message doesn’t get through to everyone, of course, so we still need prisons for criminals. But there’s a group of people who exist in the gray area, that shadowy space between upstanding citizens and outright thieves. They know the difference between right and wrong, which is clear from their pleas when they’re caught. But it’s all an act. […]

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If Anyone Doubts That We Are In A Stock Market Bubble, Show Them This Article

The higher financial markets rise, the harder they fall.  By any objective measurement, the stock market is currently well into bubble territory.  Anyone should be able to see this – all you have to do is look at the charts.  Sadly, most of us never seem to learn from history.  Most of us want to believe that somehow “things are different this time”.  Well, about the only thing that is different this time is that our economy is in far worse shape than it was just prior to the last major financial crisis.  That means that we are more vulnerable […]

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