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What If It’s the 1990s All Over Again?

The 1990s were fun. The internet was new, as was high-end coffee for most Americans. You can say what you want about Starbucks, but do you even remember what pre-1990s canned Folgers tasted like? They wouldn’t serve that to prisoners on death row today. It would be inhumane! The Cold War had just ended, gasoline was dirt cheap, and rock music was in the midst of its most creative decade since the 1960s. The federal budget was balanced for the first (and last) time in decades. And, best of all, we had the turn of the millennium to look forward […]

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It’s A National Bonfire: Fans All Over America Are Burning Jerseys To Show Their Anger With The NFL

Does the NFL actually think that it can go to war with the national anthem and the American flag and win?  Many are trying to frame this controversy as a “protest against Trump”, but the truth is that owners, coaches and players can speak out against President Trump any time that they want.  They have huge platforms and the mainstream media would soak up every word.  So there is absolutely no need to “take a knee” when our national anthem is being played and the American flag is being honored.  As I explained a couple days ago, the national anthem […]

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Why It’s Time to Think Like a Roman

Years ago, when I was earning my master’s degree from the London School of Economics, I was known to skip out of lectures a little early on Fridays, throw on a backpack, and do some exploring on the weekends. With just about anywhere in the U.K. or Europe accessible within a few hours, my decision on where to go was usually made by price. (I was, after all, on a grad student’s budget.) Train tickets to northern England were cheap, so one September weekend I decided to hike along Hadrian’s Wall, the ancient boundary between Roman Britain and the barbarian […]

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It’s Over

French elections are over. The Populist hydra has been slain (for now) and the world has taken a step back from a repeat of pre-WW2 political turmoil. Center globalist Macron bulldozed the “French Trump”, winning 66.1% of the vote. Macron did very well among the rich and educated white collar demographic. Le Pen on the other hand attracted the blue collar, less “sophisticated” rural working class. In essence, the vote was a battle between the “haves” and “have nots”. If you’re doing well in life, you don’t want Le Pen rocking the boat. But if you’re out of work and […]

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It’s Time to Kick This New Mafia in the Balls

Just look at this chart! If you were born in 1980, you only have a 50% chance of making more money than your parents. But if you were born in 1950, you had a 79% chance, according to research that Raj Chetty and his team of economists did. That’s one hell of a drop! Upward mobility in the U.S. has almost halted. Of course, this is no news to us… and we can point a finger to at least one of the culprits. Our colleges and universities. They have essentially become strongholds for a new mafia, one that dons academic […]

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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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