Recently, a money manager that I otherwise greatly respect, said this rather despairing, if not delusional, statement: “Ultimately, there may be no such thing as a safe asset anymore and investors may want to take a diversified approach to something as mundane as cash.” [Emphasis added] The Rising Dollar Myth by Axel Merk. I know (Continued)
At the risk of being misconstrued, I will be short and to the point in this blog: There are no quick fixes to the problems plaguing our society, its government or our economic system. Just as the sky did not fall in the morning after we re-elected the one who is arguably the worst president (Continued)
So many of us have done it. Eight years old, half a mouth full of bubble gum and our friend challenges us to a bubble blowing contest: Biggest bubble wins. So there we go, blowing harder and bigger until that bubble is double the size of our head. But still not satisfied, we try that (Continued)
Blogger’s note: This message was originally sent out in July, 2008, at the height of that year’s market meltdown. During times of economic and market turmoil like we are seeing today, I invariably get asked: “Is it time to cash out and head for the hills?” What they are really asking is what does the (Continued)