Old guy here with 7 decades of experience in business (good), investing (challenging), and war (horrible so oppose & resist it). So I well remember "Texas in the 70s"... and New York in the 70's, the city and the markets, ouch! Beware because while history doesn't necessarily repeat, it at least rhymes. Anyone saying that war or inflation helps the economy never lived it. And narratives are not your friend.
Good stuff as usual. I separately sub to all 3 folks. Skip the regular financial media which last week on Hedgeye, Doug Kass called "opium for the masses" haha.
I don't understand the problem with zero interest rates in Japan and the lack of growth and inflation. People have been calling for that economy to fall off a cliff since the 90s and they are still a highly developed country with high quality of life. Why would the banks grow fast when the population doesn't grow? The ultimate goal isn't growth at all cost, it's quality of life.
![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](http://i.ytimg.com/vi/eU-AkeOyiOQ/mqdefault.jpg)
excellent talk. I never miss anything with Chris Whalen when I see it easily among my favorite ppl to listen to
Old guy here with 7 decades of experience in business (good), investing (challenging), and war (horrible so oppose & resist it). So I well remember "Texas in the 70s"... and New York in the 70's, the city and the markets, ouch! Beware because while history doesn't necessarily repeat, it at least rhymes. Anyone saying that war or inflation helps the economy never lived it. And narratives are not your friend.
Excellent Thank You 👍
Good stuff as usual. I separately sub to all 3 folks. Skip the regular financial media which last week on Hedgeye, Doug Kass called "opium for the masses" haha.
Funny theyll do these things for reits, but never for an individual homeowners.
So much for the little guy.
I don't understand the problem with zero interest rates in Japan and the lack of growth and inflation. People have been calling for that economy to fall off a cliff since the 90s and they are still a highly developed country with high quality of life. Why would the banks grow fast when the population doesn't grow? The ultimate goal isn't growth at all cost, it's quality of life.
Good stuff
Thanks