The world has been quietly and stubbornly walking away from the US dollar and US Treasuries the last half decade. Now, that walk is becoming a march, and “quietly” is turning to “loudly”. Some in the financial [more…]
The purchasing power of the US dollar has been debased by over ninety-nine percent since the foundation of the Federal Reserve. [(An ounce of gold cost $20.67 in 1913. According to the Wall Street Journal [more…]
It’s poetic that Warren Buffett stepped down at Berkshire Hathaway earlier this year after one of the most extraordinary investing careers in modern history. Financial savvy Puffins (are there any other ?) will not need [more…]
President Trump has promised a $1,776 “Warrior Dividend” for the US military. This article from Military.com seems to offer as thorough an explanation of what is known so far, which isn’t much. According to the [more…]
I was a member of Rotary International for many years. All meetings either started or ended with a recitation of the “Four-Way Test”. Is it the truth? Is it fair to all concerned? Will it [more…]
“I wasn’t born into this,” wailed Rachel Reeves, as she alternated between blaming misogyny and everyone else for the expectation-management debacle leading up to last Wednesday’s budget. Reeves even held an unprecedented press conference, pointing [more…]
We had a bit of a blow up our way last weekend, we didn’t get it quite so bad as other places, so I don’t want to make light of it, but we lost only [more…]
My loyal reader may recall the birth of my first grandchild, twelve calendar months ago this week. To recap (contextual) it was a traumatic time for the whole family, not least for both mother and [more…]
References to ‘GDP’ proliferate in the business press and news. Perhaps it’s worth considering what it means. The letters stand for ‘Gross Domestic Product’, intending to signify the entire output of the economy of a country: the outputs [more…]
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