Politics and History
Our editors look back to previous periods in politics and history to discover the parallels with today’s market and how this can help your investing.
History doesn’t repeat, as writer Mark Twain once wrote, but it rhymes. For an entertaining and informative romp through financial disasters and bull markets of yesteryear, plus the legendary investors who made a fortune and the foolish knaves who lost their shirts, read on…
All attempts at central planning end up with a power struggle at the top. And violent, corrupt and immoral people tend to win power struggles.
Lately, we've been inspired by the office-holders who unselfishly 'give back' all over the world. We also want to wallow in the public trough, feed on the government teat and enjoy the perks of high office.
China is rising. The US power elite fears its rise. And for good reason. Having the world’s reserve currency is an ‘exorbitant privilege’, as Charles de Gaulle described it.
Australia finds itself in a very precarious economic environment largely because of weak politicians. That is, the Australian economy is in a spot of bother.
Dan Denning says the government of China formally establishing the ‘East China Sea Air Defense Identification Zone’ is a powerful signal of a major geopolitical shift.
What was the best investment of the last five years? You could have spent hours analysing industries, or you could have saved yourself and bought Bitcoin.
Using Bitcoin is particularly clever, as Bernanke's efforts to lower the price on his head via inflation are thwarted by Bitcoin's appreciation.
Loosely speaking, the sceptics are mostly right. When it comes to central banking and central economic planning, they are always right. The central planners and world improvers are reliable sources of amusement, and not much more.
Albany, we noticed in passing, calls itself the ‘All America City’. How could a city be ‘All America’, we wondered? The country is too big...too varied...too much for a single city to represent.
The US Federal Reserve is not really stimulating a recovery. But it is simulating one...with phony demand coming from phony asset prices based on phony low interest rates. And now it can’t take off the mask.
Obamacare certainly has made history. It has set the record for the fastest-failing Big Government program in world history.
Dan Denning reckons you’re best off ignoring the political system as much as you can without getting into trouble. But the political system tends to get the economy into trouble.
Reuters, which is one of the most respected news sources in the world, is reporting that the US spying agency, the NSA, tapped the Pope's phone
We are witnessing the end stage of the American Republic as we drift closer to pure dictatorship. The free society that the Founders envisaged is barely identifiable. The twentieth century's near deathblow to the concept of individual liberty has today produced a multitude of problems.