March to Default
by MN Gordon
Style Over Substance
“May you live in interesting times,” says the ancient Chinese curse. No doubt about it, we live in interesting times. Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world as at devolves towards vulgarity.
Just this week, for instance, U.S. Representative Maxine Waters (Read More....)
. . . → Read More: Everyone Believes It Is Impossible For The U.S. Gvt To Default On Its Debt – But Is It Possible It Could Happen?
by MN Gordon
Aside from death and taxes, the only guarantee in life is change. Change, you see, is constant. It’s always happening.
Sometimes change is an improvement. Other times it’s an adversity. But it’s always happening…you can count on it. With this in mind, here’s one perspective of what’s coming down the turnpike…
“We should all be prepared for adjusting to a world that is harder,” were the gloomy words offered by Charles Munger last week in Los Angles. Munger, if you don’t recall, is Warren Buffett’s billionaire sidekick who helped build Berkshire Hathaway. His remark was made in response to a question about the Federal Reserve’s massive balance sheet expansion since the 2008 financial crisis.
“You can count on the purchasing power of money to go down over time,” added Munger. “And you can almost count that you’ll have more trouble in (Read More....)
. . . → Read More: Prepare for a Harder World