It’s hard to believe that before the 1700’s, the pace of progress was so slow that it took roughly 350 years for a family to double its standard of living. Thus the average individual in the middle of the eighteenth century had no better than quality of life than the average individual 2000 years earlier, […]
Thoughts from the Frontline: Forecast 2014 The Human Transformation Revolution Read More »
Ladies and gentlemen, I give you (drumroll please) total outstanding credit versus GDP in the United States from 1929 to 2012: Source: St. Louis Fed
This one chart shows exactly WHY we are where we are, folks. From the moment Richard Nixon toppled the US dollar from its golden foundation and ushered in the era of pure fiat money (oxymoron though that may be) on August 15, 1971, there has been a ubiquitous and dangerous synonym for “growth”: credit. The world embarked upon a multi-decade credit-fueled binge and claimed the results as growth.
Edgar Allen Poe vs. The FED Read More »
By Nick Giambruno, Senior Editor, International Man Recently, legendary crisis investor Doug Casey and I put our boots to the ground in Cyprus to search the rubble of one of recent history’s most significant financial crises—the financial collapse and bank deposit raid in Cyprus—for incredible bargains. And we found them. In this newly released video
Doug Casey on Crisis Investing in Cyprus Read More »
If one was to believe the picture that most Western media outlets are painting, Ukraine has been lost to Russia. Though the country fought valiantly to sign an Association Agreement with the European Union in Vilnius, Lithuania last month, President Viktor Yanukovych suspended negotiations with the EU at the last possible moment, betraying Ukrainians everywhere. Two recent energy deals that Ukraine has reportedly made, one with Russia and the other with Slovakia, however, show that the reality of the situation is slightly more complex.
Ukraine’s Two New Energy Deals Read More »
Papal Fallibility by Bill Bonner Uh oh! The new pope, Francis from the Pampas, has just warned us to beware the “tyranny of capitalism.” Each man worships his own gods. Some worship at the altar of Jesus of Nazareth. Some at the altar of the Almighty Dollar. The capitalists don’t bad-mouth Francis’s god. You’d think
Is Capitalism the Problem as Pope Contends? Read More »
Tech companies are the wave of the global economic future. They will never totally replace the “traditional” sectors of the economy like manufacturing, energy, and agriculture, but there certainly seems to be increased integration between tech and old-line industries.
Trends: Tech Companies Read More »
Lately we have been hearing rumblings in the media that the market is getting “too frothy” and looking like a “bubble” and the media is wondering if we are nearing 2008 proportions. Usually as long as we hear talk like that the market is safe because when we are really nearing a top all the media
No 2008 Stock Plunge In the Cards Read More »
Demand for Canadian commodities looks set to rise, economics will ensure that Canadian oil will find its way to more markets, with or without Washington’s approval of Keystone XL.
Are Canadian Energy Stocks Set for a Rebound? Read More »
The simplest way to include the closing costs in your refinancing calculations is to simply calculate the overall savings you expect to make when refinancing and deduct the estimated closing costs sum from the savings. If you don’t break even, you’ll be losing money on the refinancing, so maybe sticking to the old terms for a while longer is more advantageous.
Welcome to the Wonderful World of Closing Costs and Refinancing Read More »
A look at the big picture of politics in the Middle East including Egypt’s economic woes, Saudi Arabia’s problems, Russia’s involvement & the “Army of Mohammed”.
Egypt Marches to Saudi Drummer Read More »
