February 28th, 2010 by Rich
We always enjoyed the Old English Proverb:
Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. Knowledge is the best charity.
This was attributed to Christ, whose followers actually said:
If a man will not work, he shall not [...]
February 24th, 2010 by Rich
Now that deflating markets have our attention, what may be next?
Right on the heels of contrary opinion sangfroid fading the headline extremes, we note some economic situations and market trends that may be unlikely to go away anytime soon.
First is US bank lending falling at the fastest rate in history.
The money multiplier is at a [...]
February 22nd, 2010 by Rich
Whether we like it or not, we are always in one market or another, whether it is cash, credit, food, homes, paper or things. As we have learned of late, markets do not move in a straight line, nor do they guarantee returns.
The late great international mutual fund manager Sir John Templeton, who survived and [...]
February 17th, 2010 by Rich
Washington, Jefferson and Lincoln warned US about our greatest challenge today.
After all, they lived through the war inflation of the Continental and Greenback. Two of them lived to see the depression caused by inflation.
Yet many serious people today still believe hyperinflation will wipe out all debt and clean the slate for reset and rebooting the [...]
February 15th, 2010 by Rich
Washington and Lincoln had their Anniversary Days merged, and Jefferson never got one. It’s well worth recalling what they said to guide us today. Never was their acute vision more relevant than now. The language and elocution, although less accessible than today’s pop styles, become comprehensible like Shakespeare with a enough time dedicated to reading [...]
February 12th, 2010 by Rich
Money is the mother’s milk of politics…If you can’t eat their food, drink their booze and screw their women, and still vote against them, you have no business being up here.
Big Daddy Unruh,
California Speaker of the House, Gubernatorial Candidate and California Treasurer.
http://en.wikipedia.org/wiki/Jesse_M._Unruh
Corporations, Foundations and Unions gather billions to control politics, the economy and our [...]
February 12th, 2010 by Rich
We recently added some Blogs and Buttons on the left side of http://www.jubileeprosperity.com/
EconoCasts Business Cycle Forecasts is our good Brown University Faculty MD NIH number-crunching friend Paolo DePetrillo, who uses 32 computers to survey economic data to extract forecasts, a bold profession indeed.
That the work is sought after and valuable is suggested by [...]
February 8th, 2010 by Rich
A Bureau of Labor Statistics Study found the median amount saved in retirement plans was just $2000, so this is a serious subject folks.
http://www.bls.gov/opub/cwc/print/cm20050114ar01p1.htm
A lot of people may be counting on government benefit entitlements paid into at a 15.2% wage rate may not be there for them in real terms when they retire or get [...]
February 7th, 2010 by Rich
So few times do we really at first appreciate the power of an idea whose time has come.
Most prophets were ignored in their place and time.
Former Alaskan Governor Sarah Palin gave a Nashville Tea Party speech that can best be described as a turning point in National Politics and Economy.
Last night Mrs Palin went from [...]
February 5th, 2010 by Rich
We had a friend at Merrill who kept long-term market charts.
They were pretty effective at showing market highs and lows, an X Ray of market trends of supply and demand.
Supply (net selling) drives prices lower while Demand (net buying) drives prices higher. So simple it is easy to forget as we get caught up. Recently [...]