If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!It isn’t easy earning trust as an authority figure these days. As consumers angry over the swift collapse of the economy (despite the fact that much of it was our own fault), we lashed out against “the man” at [...]
When there is a stock market boom, and everyone is scrambling for common stocks, take all your common stocks and sell them,? he elucidated. ?Take the proceeds and buy conservative bonds. No doubt the stocks you sold will go higher. Pay no attention to this?just wait for the depression which will come sooner or later.? When this depression?or panic?becomes a national catastrophe, sell out the bonds (perhaps at a loss) and buy back the stocks. No doubt the stocks will go still lower. Again pay no attention. Wait for the next boom. Continue to repeat this operation as long as you live, and you?ll have the pleasure of dying rich.
Two news items were released on Friday that would seem to bode poorly for the state of the real economy. One of these was the report on unemployment rates, which has now shot up to approximately 6.5%. That figure happens to be the highest since 1994, which curiously represented a turning point for the American [...]
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