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What Is "Affluent Investor"?
  • Corporate Buybacks Keep Market Airborne

    The stock market has surged lately and a lot of analysts credit it to stock buybacks by corporations. As the chart here shows, buybacks have reached dizzying heights. Corporations are purchasing their own stocks because corporate profits hit record levels last year and management can find no better use for the cash than to give it back to the owners […]

    Corporate Buybacks Keep Market Airborne
  • Bond Bubble Will Explode Violently

    Central banks are incapable of saving economies or creating growth. The only thing a central bank can do is create inflation. These market manipulators set forth on a journey seven years ago to save the world by engaging in massive monetary manipulation, euphemistically called Quantitative Easing (QE), and a Zero interest rate policy known as (ZIRP). As I could have […]

    Bond Bubble Will Explode Violently
  • Bitcoin Won't Save Us

    Libertarians have waxed poetic about Bitcoin for years. It pokes a finger in the eye of the state by breaking the state’s monopoly on money and rescues citizens from a rapidly eroding dollar. But aside from the block chain innovation and its potential use in other industries, I can’t get excited about Bitcoin. Other than symbolic, what advantage does Bitcoin […]

    Bitcoin Won't Save Us
  • An Abhorrent Abuse of Governmental Asset Seizure Powers

    Although some states have moved to stop the abominable practice of civil asset forfeiture (bravo to New Mexico), the vicious monster is still alive, still seizing money and property from innocent people, still making them battle through the legal system if they want it back. Here’s a case that ought to send shivers up your spine if you run a […]

    An Abhorrent Abuse of Governmental Asset Seizure Powers
  • Obamacare Caused The Gas Tax Cut To Go Up In Flames

    Obamacare Caused The Gas Tax Cut To Go Up In Flames Wall Street analysts unanimously cheered last fall when the price of oil fell from nearly $100 a barrel in June of 2014, to almost $45 a barrel by the end of January 2015. The theory was that the average American family, paying less at the pump, would plow this […]

    Obamacare Caused The Gas Tax Cut To Go Up In Flames

More Commentary

Corporate Buybacks Keep Market Airborne

Corporate Buybacks Keep Market Airborne

The stock market has surged lately and a lot of analysts credit it to stock buybacks by corporations. As the chart here shows, buybacks have reached dizzying heights. Corporations are purchasing their own stocks because corporate profits hit record levels last year and management can find no better use for the cash than to give it back to the owners […]

Read more ›
Bond Bubble Will Explode Violently

Bond Bubble Will Explode Violently

Central banks are incapable of saving economies or creating growth. The only thing a central bank can do is create inflation. These market manipulators set forth on a journey seven years ago to save the world by engaging in massive monetary manipulation, euphemistically called Quantitative Easing (QE), and a Zero interest rate policy known as (ZIRP). As I could have […]

Read more ›
Bitcoin Won't Save Us

Bitcoin Won't Save Us

Libertarians have waxed poetic about Bitcoin for years. It pokes a finger in the eye of the state by breaking the state’s monopoly on money and rescues citizens from a rapidly eroding dollar. But aside from the block chain innovation and its potential use in other industries, I can’t get excited about Bitcoin. Other than symbolic, what advantage does Bitcoin […]

Read more ›
An Abhorrent Abuse of Governmental Asset Seizure Powers

An Abhorrent Abuse of Governmental Asset Seizure Powers

Although some states have moved to stop the abominable practice of civil asset forfeiture (bravo to New Mexico), the vicious monster is still alive, still seizing money and property from innocent people, still making them battle through the legal system if they want it back. Here’s a case that ought to send shivers up your spine if you run a […]

Read more ›
Obamacare Caused The Gas Tax Cut To Go Up In Flames

Obamacare Caused The Gas Tax Cut To Go Up In Flames

Obamacare Caused The Gas Tax Cut To Go Up In Flames Wall Street analysts unanimously cheered last fall when the price of oil fell from nearly $100 a barrel in June of 2014, to almost $45 a barrel by the end of January 2015. The theory was that the average American family, paying less at the pump, would plow this […]

Read more ›
Welcome to Compliance Hell

Welcome to Compliance Hell

I attended a panel discussion recently on the problems start-ups have in raising capital caused by securities regulation. Start-ups have to hire a lawyer before they raise the first dollar of capital. It’s a real catch-22. Entrepreneurs are often surprised to find that raising capital means selling securities. They cannot legally sell securities to just anyone. They are restricted to Accredited […]

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(Photo: US Supreme Court Building)

How the Supreme Court Keeps Our Ruling Class in Power

Twenty years ago this month, the Supreme Court placed a huge roadblock in the way of a grass-roots, bipartisan movement that had been gaining strength, namely the term limits movement. In many states, voters had approved limits on the number of terms that state officials may serve. Back in the early 90s, there was similar pressure to limit the number […]

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