Why aren’t Millennials investing in the stock market? Why aren’t they starting families and buying houses? Why are they living in their parents’ basements well into their thirties? Why don’t they just… spend? Here is the answer.
Read MoreThe rapid rise in interest rates coupled with an astonishing increase in the debt creates an obvious long-term trend with major consequences that anyone would be foolish to ignore.
Read MoreNot a single U.S. airport was ranked in the top 25 airports in the world, and worse still, our largest and most important airports in cities like New York, Chicago, and Los Angeles scrape the very bottom in terms of customer satisfaction.
Read More
As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright sinister.
Read MoreThe headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, this indicates their belief that those firms will see improving profits over the next few years. They then draw the conclusion that more profitable firms indicate a healthier American economy. Although this argument is correct about stock prices reflecting an increasing belief in the profitability of US firms, it makes a major error in assuming that profitable firms necessarily mean a better economy.
Read More