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What Is "Affluent Investor"?
  • Appreciation: How Gratitude Leads to Growth

    I have a friend who was always trying to talk me into being part of his next business idea. Media, finance, health care—it didn’t matter which sector, he’d always say the same thing, “Jerry, it’s gonna be bigger than Microsoft.” I’d always nod and smile. Then I would change the subject back to the insurance firm that he already owned. […]

    Appreciation: How Gratitude Leads to Growth
  • Is God a Libertarian?
    How the Bible Established a Country Without an Executive Branch

    Many Christian writers on economics claim that the Bible endorses neither capitalism nor socialism. They cut off the heads of both systems and install their own, often referred to as a “third way,” in which they scavenge through the carcasses for the best parts of each and stitch them together into a new creature. Unfortunately, the creature resembles an economic […]

    Is God a Libertarian?How the Bible Established a Country Without an Executive Branch
  • Why Gold is Headed Much Higher

    What really drives the price of gold? Some say it's a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. The truth is the primary driver of gold […]

    Photo by Chris Ratcliffe / Getty Images
  • Once Again Stocks Rally in Response to Central Banks

    I woke up Friday morning to news that stock futures were way up. I didn’t know why, but I was willing to bet it had nothing to do with President Obama’s speech on immigration. Sure enough, it turns out that once again investors were cheering central bank policies. A few weeks ago, it was Japan’s central bank that put investors into […]

    he headquarters of the People's Bank of China, the Chinese central bank.
(Photo by Mark Ralston / Getty Images)
  • Japan's Last Stand

    There is a popular American military term called a "last stand", which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer's Last Stand. General Custer, misreading his enemy's size and ability, […]

    Japan's Last Stand

More Commentary

Appreciation: How Gratitude Leads to Growth

Appreciation: How Gratitude Leads to Growth

I have a friend who was always trying to talk me into being part of his next business idea. Media, finance, health care—it didn’t matter which sector, he’d always say the same thing, “Jerry, it’s gonna be bigger than Microsoft.” I’d always nod and smile. Then I would change the subject back to the insurance firm that he already owned. […]

Read more ›
Is God a Libertarian?How the Bible Established a Country Without an Executive Branch

Is God a Libertarian?
How the Bible Established a Country Without an Executive Branch

Many Christian writers on economics claim that the Bible endorses neither capitalism nor socialism. They cut off the heads of both systems and install their own, often referred to as a “third way,” in which they scavenge through the carcasses for the best parts of each and stitch them together into a new creature. Unfortunately, the creature resembles an economic […]

Read more ›
Photo by Chris Ratcliffe / Getty Images

Why Gold is Headed Much Higher

What really drives the price of gold? Some say it's a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. The truth is the primary driver of gold […]

Read more ›
he headquarters of the People's Bank of China, the Chinese central bank.
(Photo by Mark Ralston / Getty Images)

Once Again Stocks Rally in Response to Central Banks

I woke up Friday morning to news that stock futures were way up. I didn’t know why, but I was willing to bet it had nothing to do with President Obama’s speech on immigration. Sure enough, it turns out that once again investors were cheering central bank policies. A few weeks ago, it was Japan’s central bank that put investors into […]

Read more ›
Japan's Last Stand

Japan's Last Stand

There is a popular American military term called a "last stand", which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer's Last Stand. General Custer, misreading his enemy's size and ability, […]

Read more ›
Mario Draghi, President of the European Central Bank
(Photo by Getty Images)

Recession in Japan; QE in Europe

Futures in the U.S. markets were way down earlier this week when it was learned that Japan was in a tax-induced economic recession. Thanks to a new consumption tax, GDP fell 1.6% during the third quarter. Why this comes as a surprise to anyone is hard to understand. After all, a consumption tax is like a sales tax. The higher […]

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Norman Chan, Chief Executive of the Hong Kong Monetary Authority.
(Photo by Sam Tsang)

The $121.9 Billion Treasure Hunt

Hong Kong is currently buzzing with exciting news from the HK Monetary Authority.  Starting today, the daily exchange limit of 20,000 RMB per person will be abolished. This is seen as a move by China to enhance the status of Hong Kong as an offshore RMB business centre. The new arrangement will benefit financial institutions enabling them to issue RMB-based […]

Read more ›