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The Best Source Of Income Is Growth
March 2012
As the current zero-interest-rate environment grinds on, driven by an excessively accommodative Fed and the intense risk aversion of the world's investors, one hears on every side--and I'm sure advisors experience daily--stories of people willing to do increasingly reckless things in order to capture "yield." . . .
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Peak This: Notes On The Absurdity Of Pessimism
March 2012
Like all serious collectors of the trivia of declinism, your editor will not fail to observe and even exult in the fortieth anniversary of the publication of one of pessimism's all-time greatest hits. It was four decades ago this year that five learned scientists from MIT brought forth their groundbreaking magnum opus, The Limits to Growth. . . .
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Where's Your Partner In All This?
March 2012
I don't think I've ever left any doubt in my books and this newsletter--and I certainly didn't fail to shout from the housetops in the acknowledgements in The Game of Numbers--that I might not have made it through my first seven very difficult years in production without the faith, courage and determination of my bride, the former Joan Carrick. . . .
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Strange Days Indeed
March 2012
Assuming that the U.S. government's 2012 fiscal year (which ends on September 30) results in a budget deficit of roughly a trillion dollars, then we will have spent approximately $1.37 cents for every dollar of revenue we collected from all sources. . . .
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