Quantcast
What Is "Affluent Investor"?
  • US Stock Market Predicting Recession?

    After the stock market stumbling through the past two weeks, you will hear top mainstream economists repeat the old joke that the market has predicted ten of the last eight recessions. The point of the joke is to belittle the idea that the market can predict recessions and to convince investors to remain fully invested. Austan Goolsbee echoed the joke on […]

    (Photo by Gerlo) (CC2.0) (Resized/Cropped)
  • Market Panic: The Unforgettable Week

    This has not been a week that me or my team are going to forget any time soon. For those of you who chose to pay attention to the market last week (we hope that is a small number), you may not forget it any time soon either. To avoid any kind of unfair melodrama, the last four months of […]

    Market Panic: The Unforgettable Week
  • Another “GLITCH?” ETF Failure Hit the Markets and Hints at Financial Terrorism

    Last month, the New York Stock Exchange froze. The same day, United Airlines was grounded. And The Wall Street Journal website went offline. Two days later, TD Ameritrade had a serious outage. We were told it was "just a glitch" in all cases. Nothing serious. These things just happen. Of course, most people felt there was more than coincidence at work. […]

    New York Stock Exchange 
(Photo by Silveira Neto) (CC2.0)
  • Procrastination: Read About it Now, Not Later

    "A thousand years in your sight are like a day that has just gone by, or like a watch in the night" - Psalm 90:4. This verse should cause you to think of its equivalent in the New Testament: "But do not forget this one thing, dear friends: With the Lord a day is like a thousand years, and a […]

    The Land of Cockaigne 
(Painted by Pieter Brueghel the Elder) (1567)
  • If The Fed Is Always Wrong How Can Its Policies Ever Be Right?

    One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope. Now comes one of the world’s top monetary reporters, Ylan Q. Mui, to make a delicate observation at the Washington Post’s Wonkblog, in Why nobody […]

    The U.S. Federal Reserve (Photo by Getty Images)

More Commentary

(Photo by Gerlo) (CC2.0) (Resized/Cropped)

US Stock Market Predicting Recession?

After the stock market stumbling through the past two weeks, you will hear top mainstream economists repeat the old joke that the market has predicted ten of the last eight recessions. The point of the joke is to belittle the idea that the market can predict recessions and to convince investors to remain fully invested. Austan Goolsbee echoed the joke on […]

Read more ›
Market Panic: The Unforgettable Week

Market Panic: The Unforgettable Week

This has not been a week that me or my team are going to forget any time soon. For those of you who chose to pay attention to the market last week (we hope that is a small number), you may not forget it any time soon either. To avoid any kind of unfair melodrama, the last four months of […]

Read more ›
New York Stock Exchange 
(Photo by Silveira Neto) (CC2.0)

Another “GLITCH?” ETF Failure Hit the Markets and Hints at Financial Terrorism

Last month, the New York Stock Exchange froze. The same day, United Airlines was grounded. And The Wall Street Journal website went offline. Two days later, TD Ameritrade had a serious outage. We were told it was "just a glitch" in all cases. Nothing serious. These things just happen. Of course, most people felt there was more than coincidence at work. […]

Read more ›
The Land of Cockaigne 
(Painted by Pieter Brueghel the Elder) (1567)

Procrastination: Read About it Now, Not Later

"A thousand years in your sight are like a day that has just gone by, or like a watch in the night" - Psalm 90:4. This verse should cause you to think of its equivalent in the New Testament: "But do not forget this one thing, dear friends: With the Lord a day is like a thousand years, and a […]

Read more ›
The U.S. Federal Reserve (Photo by Getty Images)

If The Fed Is Always Wrong How Can Its Policies Ever Be Right?

One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope. Now comes one of the world’s top monetary reporters, Ylan Q. Mui, to make a delicate observation at the Washington Post’s Wonkblog, in Why nobody […]

Read more ›
Fathers of Confederation
(Photo by James Ashfield) (Painted by Robert Harris)

America: Not a Nation, But a Confederation Under God

This confederation of nation-States would be bound together under a compactual agreement or covenant which would not form a new nation, although specific elements of a nation-state would be brought to bear;[1] but a confederacy of free and independent nation-States. This league of republics, formerly the Colonies, would be derived, in part, by the observations of Charles de Montesquieu, and […]

Read more ›
The Exquisite Market Setup

The Exquisite Market Setup

There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? You’ll have to read on […]

Read more ›
(Painted by Gerrit Dou) (circa 1630-1635)

Acting on What You Hear

“I removed the burden from their shoulders; their hands were set free from the basket. In your distress you called and I rescued you, I answered you out of a thundercloud; I tested you at the waters of Meribah" - Psalm 81:6-7. Notice the psalmist was writing in these verses, but he was not speaking. It was the Lord speaking […]

Read more ›
(Photo by Images Money) (CC2.0)

Russia, China, Iran, and the Dollar as Reserve Currency - Part Four

We have long discussed the threats against the dollar as well as dire predictions that the dollar would lose its reserve currency status. But historically, it has been the position of the U.S. Treasury and U.S. State Department that the dollar would remain, well, as sound as a dollar. So, you can imagine our surprise when both the Treasury Secretary and the […]

Read more ›
What The Chinese Stock Bust and US Productivity Decline Have In Common

What The Chinese Stock Bust and US Productivity Decline Have In Common

Though it was recently announced that productivity in the US rose 1.3% from the previous quarter, Alan Greenspan is worried about the collapse in productivity: “I think it’s the most serious problem that confronts not only the United States but the world at large and more exactly the developed world especially. American productivity is not significantly different from zero growth […]

Read more ›
Cruella Deville-ville, When Government Came For the Puppies

Cruella Deville-ville, When Government Came For the Puppies

In an ideal world, the law would shield people from aggression by others, allowing them to peacefully use their lives, liberties, and property as they desire. In our actual world, however, many people cannot resist the urge to turn the law into a sword – into a weapon they can use against anyone who doesn’t live or act in “the […]

Read more ›
The Pharisees Question Jesus 
(painted by James Tissot) (circa 1886-1894)

What Followers Owe to Leaders and What They Don’t.

"You led your people like a flock by the hand of Moses and Aaron" - Psalm 77:20. God was the One leading in the wilderness, but He did so through His appointed leaders, Moses and Aaron. God is still a leadership God, working through those whom He gives insight and courage to be out in front of the people. At […]

Read more ›