Uber Failure: What We Can Learn from the Bursting of the IPO Bubble
Neophyte investors all have the same fantasy: buy the next Amazon, the next Microsoft, the next Apple. These were all IPO’s at one time, after all, so why not hitch a ride to the next headline-grabbing public offering and watch the profits roll in? That sounds like a...
What’s Supporting the Stock Market? A Culture of Consumption… and Low Expectations
So the third-quarter U.S. GDP growth reading came in today, and it’s 1.9%, which is lower than the previous quarter’s 2% GDP growth. In other words, American productivity growth is declining. That’s supposed to be bad news, right? It would be bad news if we were to...
Gut Check: Are We in a Recession Now?
Economists in their ivory towers define “recession” technically as two consecutive quarters of negative GDP growth, but thoughtful citizens know that there’s more to it than that. As the division between the real economy and the economy defined by academics and...
Amazon States Its Political Positions – and Chances Are, You Won’t Like Some of Them
Most people would consider transparency to be a good thing, as it allows consumers to make more informed choices as to which businesses they’re going to patronize. Publishing very specific political and social positions, however, might not be a smart move for a...
Core Money: Gold and Silver’s Value Universe
I personally own precious metals because it's the sensible thing to do. With the national debts of all modern nations, from Australia to Japan, the entire continent of Europe, Canada, and the granddaddy of all debtor nations, my native U.S. of A. ballooning into the tens of trillions, it's not even an option to have only fiat digits in your asset portfolio. Educate yourself on the all-important attributes of precious metals investments!