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The Main Problem!
Although the economic and financial troubles facing the world, and especially the United States, are severe, that is not the main problem. Rather, the major issue is not that problems exist but that very few are willing to observe the realities of the current environment, let alone take appropriate measures to solve the main challenges.... more
'Every Time History Repeats Itself,' 'The Price Goes Up!'
I am not certain who the above quote is attributable to, but it is very applicable to the current environment. It seems as though history, especially related to markets and economic matters, has not been a topic carefully studied by most, and certainly not by those in power and in control of the economy. This ignorance has already resulted in much pain, and unfortunately, is about to be responsible for a lot more.... more
Investment Lessons From The Godfather
It is amazing, as we witness the convulsions caused by the Greek debt situation, just how widespread the disease really is. Although with the pledge by the European Union of a trillion dollar bailout fund, things temporarily calmed down somewhat, the reality is that once again nothing has been done to solve the underlying problems. The notion that anything has fundamentally changed in the Greek picture is false. ... more