We know that change is coming, but most of us are not quite ready to take the plunge. We still take comfort in the proven technology of our petrol-driven engines developed over more than a century.
Georgia is in the midst of a bitcoin gold rush. It’s a place where Bitcoin is exempt from all taxes and can easily be exchanged for real money.
During the recovery in stocks since Christmas, gold prices have gone even higher. This raises questions about the link between price movements in gold versus stocks in October and December. Was gold truly acting as a safe haven amid volatility elsewhere?
China is slowing. The weight of money was telling you that. You didn’t need to read some analysts report. That means there’s a lot riding on the US–China trade talks later this week. The talks this week are the first face-to-face discussions since the G20 summit in Buenos Aires in December.
Our economy is driven by real estate and banking. Property finance is at the very heart of modern economic policy.
Most investors make a common mistake. They assume that global financial markets are based on the stock market. They’re not. Think about it. The world’s financial and banking system is based on lending money backed by the security of real estate.
The fact is, most economists do not see what is so glaringly obvious. Which is why the financial reforms put in place after the GFC only ensures another repeat of the boom-bust cycle.
Back in 1930, noted economist John Maynard Keynes wrote that within a hundred years, we’d all be working a 15-hour week. And the 15-hour working week seems further away than ever. So, what happened?
Barton and the politicians of the day knew what they were doing. Collect the land rent and land ceases to have a price altogether. There is no land price to speculate in — and the rent from the land could be used to build the city.
You’ll read a lot of sweeping statements now as markets correct, but markets are just fully extended right now. Stock market corrections are completely normal. So just be wary when reading some analyst who suggests things are on the verge of collapse. Concerns over inflation and rising interest rates may have sent stocks tumbling, but underneath it all, the US economy remains strong.