On Oct. 19, 1987, which is known as Black Monday, stock markets across the globe crashed in just a very short period of time. The Dow Jones Industrial Average itself fell by more than 508 points. This will take place again within the next year, according to one contrarian investor who predicted the same aforementioned […]
Archives for April 2014
Charles Barkley must read Henry Hazlitt to understand the concept of ‘tipping’
Former NBA all-star and now commentator Charles Barkley recently sat down with Conan O’Brien and said that Michael Jordan, Tiger Woods and Scottie Pippen are very cheap individuals and that they don’t give homeless people money or they don’t tip waiters well. Barkley cited an example when he gives homeless people money. He admitted he […]
J.P. Morgan warns of rampant global price inflation
We reported last week of the numerous examples of immense inflation in prices. Add J.P. Morgan as a party that is concerned as inflation is about ramp up after more than two years of it (supposedly) remaining low. According to its weekly roundup of global economies, economists at J.P. Morgan Chase & Co. explained that […]
Want to cuddle with someone? There’s a service for that
When businesses and consumers are left alone, they provide truly unique goods and services. With record rates of depression, numerous claims of loneliness and a society disconnected from each other because of their obsession with smartphones and social media, a person just needs a good old fashioned cuddle. There’s a service for that. Called Cuddle […]
Another Inflation Alert: U.S. producer prices record biggest increase in 9 months
Some economists are blaming the weather again, while other finance experts are citing higher inflation for the increase in United States producer prices, which reported their largest increase in nine months. The cost of food and trade services has gone up and it could be another signal of inflation. The Department of Labor said in […]