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Affluent Investor | November 26, 2015

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November 25, 2015 |

Bernie Sanders Says He Won’t Raise Your Taxes Above Eisenhower’s 90% Rate; Don’t Expect A JFK Either

One important fact emerged from the second Democratic presidential debate. CBS, which sponsored it, headlined it as Democratic debate shows differences on foreign policy, Wall Street. This hypes the differences, while this snooze-fest actually was more notable for the similarities … Read More

November 25, 2015 |

The Market Has No Bite Without the “FANG” Stocks

Facebook, Amazon, Netflix, and Google created over $440 in value over 2015

In the sixth year of the bull run, the U.S. large cap market has had its ups and downs. The S&P 500 peaked at 2134.7 in the early … Read More

November 25, 2015 |

Are Your Adult Kids Still Living in the Basement?

Despite an improving job market, more millennials are moving back home with their parents – and staying longer. A third of 18- to 34-year-olds are living with their families — more than during the Great Recession, according to a recent … Read More

November 24, 2015 |

The Witches of the Ivy League

The rumpus over perceived racism at American universities, with its demands for “trigger warnings” against possibly hurtful statements, “safe spaces” to protect minority students against felt hostility, and “speech codes” which forbid statements that might offend self-styled victims, has turned … Read More

November 24, 2015 |

Is a 13 or 15 Handle Next for Silver?

The price of gold dropped six bucks, and silver seven cents.

Without much price action, let’s look a few other angles to gain some perspective. First, here’s the chart of both silver and the decidedly not-monetary metal copper.

There’s … Read More

November 24, 2015 |

Japan, Europe, and Mainstream Monetary Theory are Out of Gas

When a sailor hits a dead spot where the wind refuses to blow he cays he is “in irons.” Japan’s economy sailed into the irons this past quarter when its GDP declined for the second quarter in a row … Read More

November 24, 2015 |

House Passes Historic Legislation Exercising Authority Over Federal Reserve

In a historic vote last week of 241-185, the House of Representatives passed H.R. 3189, the Federal Oversight Reform and Modernization Act.

The FORM Act — very much including Chairman Kevin Brady’s (R-Texas) Centennial Monetary Commission legislation — is the most … Read More

November 24, 2015 |

Most Americans Hit “Peak Income” More Than 15 Years Ago

After adjusting for inflation, the majority of Americans are worse off today than they were decades ago. The map below shows that median household income actually peaked at least 15 years ago in 81% of U.S. counties.

This visualization of … Read More

November 24, 2015 |

Lawless — A New Book’s Title Perfectly Describes Obama And His Minions

A big part of Barack Obama’s campaign for the White House in 2007-08 was that he would be the exact opposite of George W. Bush. In particular, Obama attacked Bush for aggrandizing the power of the presidency. During the … Read More

November 24, 2015 |

Did You Know That Getting Rid of Greed Will Help You Prosper?

Proverbs 28:25 says,

“The greedy stir up conflict, but those who trust in the Lord will prosper.”

This is an interesting verse because it clearly implicates greed as placing trust in our possessions and ourselves. Now, I hope you can … Read More

November 23, 2015 |

Refugee Questions Liberals Need to Answer

Over the past few days, there has been much online rancor regarding the degree of probability that many of the Syrian refugees might be terrorist infiltrators, sent by ISIS to carry out more attacks like the one in Paris last … Read More

November 23, 2015 |

How to Maximize Your Conversations This Holiday Season

We are almost in the holiday season, and that means a lot of great things: fun memories, good food, and more. But it also means a few challenges.

You know one of my big ones? … Read More

November 23, 2015 |

Cruz, Paul, Carson, Huckabee: WSJ’s Greg Ip on “What Republicans Get Wrong About Gold”

On November 12, Greg Ip, chief economic commentator for The Wall Street Journal, published a thoughtful, if somewhat incomplete, blog entitled “What Republicans Get Wrong About The Gold Standard.”

Ip opens, perceptively:

No country in the world today operates … Read More

November 23, 2015 |

The Tragic Dumbing-Down of “Idolatry”

Ask an American pastor what “idolatry” is, and you’re likely to get a lecture about bass boats.

And that’s a problem.

While it is true that in the broadest sense the term “idolatry” means placing anything before God – money … Read More

November 23, 2015 |

Debt Service Burden Signals Downturn

Investors can never have too many omens of disaster and the Bank for International Settlements has given us a new one to watch for signs of impending recessions – the corporate debt service burden.

Authors Mathias Drehmann and Mikael Juselius first wrote … Read More

November 20, 2015 |

Vladimir Putin, Leader of the Free World

If Mikhail Bulgakov had come back to life and written a Levantine sequel to The Master and Margarita, he could not have devised a scenario more lurid than what we now observe in Syria. Russian President Vladimir Putin is now … Read More