Did you know that if you want to have a great life then you should “spend now and save later”? Forget about living within your means, watching your pennies and saving some dollars for emergencies and your retirement. You have to dole out cash now to be rich. If you think that’s crazy advice then […]
Archives for August 2016
Jim Rogers says planet is ‘overdue’ for a severe crisis, urges people to ‘be prepared’
With all of the global unrest, struggling economies and crazy politicians, the world today is facing many similarities from the 1920s and 1930s, when communism and fascism became very popular worldwide, says Jim Rogers, the famous billionaire investor and bestselling author of “Hot Commodities.” Writing in an op-ed in The Daily Reckoning entitled “What’s Coming […]
Irony Alert: Chuck Schumer says ‘Olympians shouldn’t be taxed on winning medals’
Oh, the irony! New York Democratic Senator Chuck Schumer believes Olympic and Paralympic athletes should not be taxed on winning medals. The longtime politician says that athletes work very hard all year long and that they shouldn’t be hit with a large tax bill for their efforts. Here is a statement from the New York […]
Central banks’ negative interest rate policies are already backfiring
Are negative interest rates working in countries that have adopted the policy? Nope. The main intention of subzero rates is to encourage spending, heading into riskier assets and to spur borrowing. However, according to a new report from the Wall Street Journal, it’s actually having an opposite effect in places where they have negative rates. […]
Will the Bubble Pop Even if Federal Reserve Never Raises Interest Rates?
By: Brendan Brown There is no ready-made answer in Austrian business cycle theory (ABCT) to the multi-trillion dollar question now looming over the global economy and markets. Is the present virulent asset price inflation disease likely to enter any time soon its final phase of bust and recession? Will this happen even though the Federal […]