First, "producing something" is really not that valuable in this day and age -- most of the profit comes from the service, not the substance....
This is the best advice and you should take it. Ask yourself this: if you had a good and loyal friend with 12k of cash, what would you tell...
I think you will find that the "smart money" is NOT in control of their own destiny. The "smart money" is getting margin calls from their...
Exactly! But a job is an exchange of the employee's time for a customer's money. So jobs, jobs, jobs requires customers, customer, customers....
Actually, more homeowners are effectively underwater than this statistic shows. Because most real estate transaction costs are paid by the...
That's Shiller's PE that's at 12 (which is based on averaging the last 10 yrs of earnings). And if you look at Shiller's work then you'd know...
That depends on a lot of factors Assuming the company plans to roll the debt perpetually, then one approximation is years_of_profit =...
First, that consumption tax needs to be at least 20% to cover the non-stimulus portions of the Federal budget. Second, I don't see how a...
And it was optimistic models on "fixed income instruments which haven't defaulted yet" which created this problem in the first place. If these...
First, I commend Cutten on a tour de force (or tour de Treasuries). I like and respect most of his reasoning process, but do have five...
An American-built TV would be significantly more expensive. You suggested that American-built TVs would employ 50 Americans instead of 10....
Yes, it does look overvalued. But the bigger issue is the muted future expectations of E. Even if PE doesn't revert further to historical...
Yes, we are all desperately trying to forget that chart. ;) Of course, given that both the monthly payment and the principal on Eastern...
And the downside of making TVs 5 times more expensive should be obvious to everyone, too. "Buy American" is equivalent to America erecting...
Just had dinner with a friend who is in your situation exactly -- high credit score, always pays off the card and Cap One raised the rate to 29%....
Yes, most of the economies of the world are decline right now. And they are declining more rapidly than they did in the Great Depression. But...
Thank you for the excellent and informative post! If you look at the consumer spending component of GDP, you can see that it was far too high...
Exactly! UBS is 3X the size of Lehman. Moreover, I'd suspect that UBS has a much higher fraction of non-risk capital from depositors and...
Only to the point at which service on the debt starts to consume too much disposable income. To the extent that all of peoples' money is going to...
Well, the situation looks much worse than I thought because not only have the monthly payments doubled for many Eastern European borrowers, but...
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