Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Gold

Long IdeasPolitics

The Income of 81% of Americans Has Fallen Since 1999

The bottom line is that the economy is not working for average Americans. Incomes are falling and destroying America’s economic health. Inequality is growing too as technology lets the affluent take advantage of opportunities such as the booming stock market while the average family has a hard time buying groceries.

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Politics

America’s Shortage of Multifamily Housing a Growing Crisis

It looks as if we have a housing crisis in the United States; the most affluent nation in the world can no longer meet some of its citizens’ basic needs. Unfortunately, our political and business leaders don’t seem to be willing to address the situation.

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You Missed It

Swiss Vote on Gold Could Boost Big Miners

Okay, the initiative would be great news for gold miners, but it could be a recipe for disaster for the Swiss economy. Among other things, it could make the Swiss franc vulnerable to a currency collapse if the price of gold collapses. It could also create a bubble in the gold market that could wipe out a lot of fortunes.

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