Cities, states and countries around the world are facing a common dilemma — too much debt and not enough growth. Entitlement spending and spending on favored unions for teachers and construction workers are growing faster than the rate of inflation, but tax collections from everyday workers cannot keep up. One of the reasons growth is
The leading Japanese stock index, the Nikkei 225, briefly hit a level of 40,000 at the end of 1989. Guess what? In 2019, the Nikkei 225 index is still at 21,085, a full 47% below the all-time high 30 years later. The Nikkei has bounced around a lot over the decades, but it has never
China has now adopted a new strategy in the ongoing trade war with the U.S. Their strategy is “Blame Trump!” China is taking the position that their requests are reasonable and that only Trump’s intransigence is holding up an agreement. Wall Street is cheering China because an end to the trade war will likely bring
Readers know about the recent action in gold prices. The dollar price of gold moved from $1,270 per ounce to $1,440 per ounce from late May to late June. That’s a 13.3% gain in one month, which annualizes to a 160% return. Of course, gold is likely to level off a bit until we get
