This is the kind of stuff that movies are made of. Reminiscent of the Wolf of Wall Street, Boiler Room and others, it is American greed in full swing. Except that these stories are tragically true. What was once an obscure legal document in the courts of New York has now been contorted by nefarious […] Read more
It hardly requires an advanced degree in history to recall that the last time the Japanese military fielded aircraft carriers they were used to attack the US, spurring our entry into World War II. But, in fairness, that was in the 1940s, and while 2018 might not be chronologically far from then in terms of […] Read more
Since the legalization of recreational marijuana in parts of the United States, scholars, economists, politicians et al. have weighed in on the economic impact of the plant. One would assume that the economic rationale has been examined in light of legalization from both a financial and social standpoint, albeit a difficult social measurement. The vast […] Read more
It seems like a mere year ago around this time we were lauding the advent of the soon to be Bitcoin revolution, challenging all the financial precepts and eventually rising to the biblical status of the “One-World Currency.” In many ways the rise of Bitcoin invokes a spiritual experience for its believers that is deeper […] Read more
Last week U.S. District Judge Reed O’Connor declared that without the “tax” (disposed of by the Trump administration) the Affordable Care Act, i.e., Obamacare, is unconstitutional. While there is much speculation on how this will play out, it means that all or at least part of the law will be struck down. This is NOT […] Read more
As long as one has the single-minded mission to intervene and usurp what belongs to others, there can be no long-term economic salvation. Yes, it can work in the short-term via physical threat to the populous ala Stalin et al. However, liberty and economic freedom cannot work when a sovereign nation is in perpetual war […] Read more
Over the years I have heard many different sources, from economics professors to Fed Chairmen, say that the Federal Reserve doesn’t pay attention to the stock market when it comes to deciding rate policy. I think we all know better than that. When the Fed stepped in and started lowering rates at the end of […] Read more
A turbulent market known for its volatility has erupted again this week. The U.S. futures on natural gas measured in price per British thermal units operates on the Nymex commodities exchange, part of the CME Group. The operator of large derivative and futures exchanges took “emergency action” to maintain orderly trading in natural gas contracts […] Read more
The mid-term elections are now behind us, and small businesses across America march on. Politics and regulation, among other things, play such a large role in the life of an entrepreneurial venture. Policies legislated can have a big impact on macroeconomic issues like job creation, wages, and production. The upcoming 116th United States Congress will […] Read more
In my mid 30’s, I began having a small percentage of my paycheck taken out and put into a 401K retirement savings account. I knew that Social Security would not be enough to sustain the wife and I when we reached retirement age and I wasn’t sure how much of a pension I would get […] Read more
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