The Republican vs. Democrat debate continues, making for some very compelling political theater. Meanwhile, both parties signed off to raise the debt ceiling, and the fake news media outlets continue reporting… well, fake news.
In this guest essay, we hear from Rogue colleague, Tom Dyson, on the industry that he’s recommending for risk-free returns. While the dollar and other paper currencies might be on the brink of collapse, there’s security in this “hard money” investment.
The debt ceiling, fantasy investing, an art dodger, and Elon Musk, oh my! Debt – selling U.S. bonds to the Federal Reserve (aka “printing money”) – is mother’s milk to both Republicans and Democrats… and the whole ruling elite. But how does this affect its beneficiary, Wall Street?
This week, we’ve been looking at University endowments… When universities’ own endowments earn preposterous returns, no one asks any questions. But how could the entire capital market grow so much faster than the economy that supports it?
It’s back to business today. Everyone wants to get rich quick, and old-fashioned, long-term value investing has fallen to the wayside. And with these racy trading options, it’s not a win-win… it’s win-lose. For every winner, there’s a loser. Overall, the sum is, theoretically, zero.
In today’s Diary, Bill describes his mixed emotions on giving his daughter away at her recent wedding… and shares the father of the bride speech.
Bill explores the economics of war: You might think it’s better to spend too much on defense than too little. But that’s not the way it works. You get what you pay for. Pay top dollar for a military; you get an army that’s good at getting paid...