It’s Time to Shatter the Stones

I’m sorry, but I don’t have a healthcare problem. I have a concierge doctor at a fixed annual fee, with free visits and discounts on blood tests and other things I need. On top of that, I have a high–deductible insurance policy that only covers unexpected costs over $ 6,000, like if I have a heart attack or something. I’m accountable, which means I feel the expenses for my healthcare day to day, week to week, and month to month. I pay for my visits and expenses with a credit card linked to my HSA account. There’s no bureaucracy, there’s […]

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The Red States Have Had Their Say… Now It’s the Blue States’ Turn

We’ve not seen this level of political polarization since the Civil War. And it’s not unique to the U.S. It’s happening around the world… a backlash against globalization. The red states scored a massive victory when President Donald Trump won against the odds. Six states switched from borderline blue to borderline red during that election. But history has insights for us about such a revolution. For starters, they don’t tend to end where they started. Despite being a clear play of opposites, like conservative and liberal, history favors the progressive side. Over the longer term, the trends are only in […]

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My Strategy for Retirement: It’s Not Like Yours and Shouldn’t Be!

I think most of you intuit that I’m not like the normal guy out there. I think outside the box, analyze everything, respect and revere cycles as much as I hate them for their downside and discipline. The truth is, I’m an entrepreneur, more than I am an economist. In fact, I think economics is mostly a load of B.S., and there are only three classical economists I pay any attention to: Dr. Lacy Hunt, Steve Keen, and Robert Shiller. As an entrepreneur that just happened to trip onto demographics while consulting to entrepreneurial businesses in the 1980s, I found […]

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It’s not an NHS crisis, it’s a social care disaster

You’ve probably all noticed that I haven’t been writing much lately. Well, not on this site, anyway, though I have been doing rather a lot elsewhere. In the last couple of months, my life has been upended. I suppose I should have seen this coming – the signs have been there for a long time – but the speed at which this has happened has shocked me. At the end of October, my father suffered a fall at his home on Sheppey, where he has lived alone since my mother went into a nursing home in August 2014.  He was […]

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It’s A Retail Apocalypse: Sears, Macy’s And The Limited Are All Closing Stores

It has only been two weeks since Christmas, and already we are witnessing a stunning bloodbath of store closings.  Macy’s shocked the retail industry by announcing that they will be closing about 100 stores.  The downward spiral of Sears hit another landmark when it was announced that another 150 Sears and Kmart stores would be shutting down.  And we have just learned that The Limited is immediately closing all stores nationwide.  If the U.S. economy is doing just fine, then why are we experiencing such a retail apocalypse?  All over America, vast shopping malls that were once buzzing with eager […]

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It’s Not Over: Rogue Republican Elector Announces He Will Not Vote For Trump And Urges Others To Join Him

Donald Trump has already lost one of his electoral votes, and there are indications that a number of additional electors may be prepared to abandon him.  Prior to the election, I warned my readers that we would not officially know who the next president would be until December 19th.  On that Monday, the 538 members of the Electoral College will gather in their state capitals in all 50 states to formally elect the next president.  Throughout U.S. history electors have voted according to the will of the people more than 99 percent of the time, but in 2016 there is […]

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Still Can’t Party Like it’s 1999

I came of age in the early ’80s, when Prince was king of the airwaves (pun intended). His smash hit “1999” had an end-of-days feel to it, asking everyone to “party like it’s 1999.” As time went on and the end of the century loomed, the world grew nervous about what would happen when we reached the year 2000, or Y2K. In the end, none of the doomsday predictions came true. The computers still worked, air traffic control still functioned, hospitals and banks carried on. But one thing did stall after 1999… income. It turns out that real median household […]

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Marxist Bubbles And Taleb’s Turkey: It’s Going To Be An Awkward Thanksgiving

Over a third and growing quickly. That’s the share of the market that’s now comprised of blind sheep passive indexers. That much passive money is nothing to sneeze at. Call me old-fashioned, but I was originally led to believe that the function and role of markets in a capitalist society was to direct capital to its most productive end — you know, Smith’s “Invisible Hands” and the productivity/profit link and all that jazz. So what happens when instead of being deployed by thinking profit-driven investors… a growing portion of a nation’s savings are invested with the same diligence generally utilized […]

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Like It or Not, It’s the Democrats’ Era, and Your Taxes Are Going Up

If Hillary Clinton and Donald Drumpf clinch their party’s nominations, Americans will have to pick between the the two most hated candidates for the presidency in history. Hillary has an unfavorable rating of 56%. Not much better than Drumpf at 64%. Yet recent online polling by Pivit suggests there’s an 80% chance the democrats will win, and a 78% chance it will be Hillary. It’s only a 14% chance for Donald, 4% for Cruz and 2% for Sanders (ouch). But no one can deny the popularity of Drumpf and Sanders or the reasons behind their support base. There’s a deep […]

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The 10-Year Treasury: It’s Less Than You Think

When the Fed was created in 1914, it was set to task of controlling short-term interest rates in an attempt to iron out financial cycles. It succeeded for many years. But by avoiding the natural rebalancing (and occasional pain) from free markets, we just got a bigger bubble into 1929. Then, when it finally burst, we got the greatest depression in all of modern history! Since the Fed and other central banks were created, they have always manipulated short-term interest rates to try to encourage borrowing and spending in slowdowns – to make the natural economic cycle “go away.” And […]

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