The Economy Is Like a Circus

The economy is like a circus. It comes to town, and eventually it leaves town. We get paid in tickets to this circus. As long as the circus stays in town, we can use our tickets. Once the circus leaves town, we are pretty much out of luck.1 The reason the circus stays in town is because the economy stays in sufficient balance that the economy can go on. This is much like the way many other self-organized systems function. For example, our bodies continue to function as long as there are suitable balances in many different areas (oxygen, food, […]

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What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society. Since the last financial crisis, the U.S. national debt has nearly doubled, corporate […]

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With Friends Like These…

Cartels are a tough thing. The goal is for a small group of influential producers to artificially move a market away from its normal equilibrium, and eventually squeeze more money from buyers to boost profits. Members rely on each other to do their part, be it charging higher prices, holding back supply, or flooding the market to drive out marginal players. At their core, cartels require people who want to steal more profit from buyers through false market signals to believe each member will do its part. There’s an inherent fear involved: If you’re willing to steal from clients, why […]

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Gold and Silver Are Like a Blue-Ringed Octopus…

The primary investing emotion “twin dragons” are fear and greed. Greed, a powerful motivator, can turn on a dime and change into fear – of loss or even fear of missing out. Most people start by watching a market rise, afraid to risk taking a position. After the uptrend has become well-established, the “Lookie Lou’s” finally go into action. Having been “short-term bearish,” they “get long” or go “all in,” “backing up the truck.” Sure enough – soon thereafter the price plunges. What they initially viewed as just “a correction” may turn into a long-term top. Either way, the fear […]

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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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During The Trump Era, Will Men Finally Start Acting Like Men Again?

One of the primary reasons why Donald Trump is in the White House today is because he didn’t act like a typical wimpy politician during the campaign.  The American people were hungry for someone who is strong, someone who is a fighter and someone who will stand up for what he believes.  In other words, they wanted a man and not a wimp.  Yes, Donald Trump has done and said some things that are very regrettable over the years, but many Americans were willing to overlook those imperfections because at least he was willing to go to battle.  Now that […]

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Like Clinton’s Campaign, Will The Much-Hyped Inauguration Protests End Up Being A Giant Failure For The Left?

Over the past couple of months, the radical left has been endlessly hyping the protests against Donald Trump on January 20th and January 21st.  We have been told that half the population absolutely hates Donald Trump and that Washington D.C. will be filled with angry protesters that are ready to take their country back.  So where are they?  The radical left tends to talk a good game, but when it comes time for action they often come up way short.  At this point, it appears that the much-hyped “war in the streets” that they were promising is going to be […]

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‘It Is Like A Nuclear Bomb Went Off In The Prepping Community’

Is the prepper movement in the United States dying?  At one time it was estimated that there were 3 million preppers in the United States, but in late 2016 interest in prepping has hit a multi-year low.  The big reason for this, of course, is that the election of Donald Trump has fueled a tremendous wave of optimism among those that consider themselves to be conservatives, patriots and evangelical Christians.  Not since the election of Ronald Reagan has the mood on the right shifted in such a positive direction so suddenly.  But now that everyone is feeling so good about […]

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What It Feels Like To Be Homeless For The Holidays In America

Could you imagine spending the holidays in a homeless shelter, in a tent city surrounded by drug addicts and prostitutes, or in a sleeping bag on the cold, hard streets of an urban jungle?  Unfortunately, that is what real life looks like for an increasing number of Americans.  Most of the time when we think of “homeless people”, the image that comes into our minds is one of a grizzled old man asking for some spare change, but the truth is that vast numbers of women and children in our country do not have anywhere to live.  In fact, Poverty […]

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You’re Stuck with the Middleman, Like it or Not

I own five cars, which feels like too many. They aren’t the fun ones, like sports cars and “mudders,” but they do run the gamut from a zippy little sedan to a 4×4 SuperCrew pickup. While it’s true that I technically own them, I only drive one. Each vehicle in my fleet is dedicated to a certain driver in the family, including my wife and our three young-adult children. Maintaining all of that rolling steel means paying attention to oil changes and tires, and of course cringing when my insurance is up for renewal. In the process of buying the […]

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