America’s problems go far beyond police shootings and casual racism. Those who think being nice to black people and screaming “abolish the police” can solve America’s problems are living in fantasyland.
One reason many people hate politicians; and other leaders, is their tendency to lie even in the face of ugly realities. Conversely, one of Churchill’s greatest strengths was his ability to discuss horrendous truths.
Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.
Interestingly, there are those on the left who think we can finance massive welfare state expansion with deficit spending. For example, economist; and hedge fund manager, Warren Mosler believes Medicare for All could pay for itself with savings. To explain, Mosler thinks savings from the elimination of health-insurance bureaucracy could pay for healthcare for all.
Thus, most Americans cannot afford to take time off from work without a paid leave.
Caring for an elderly; or a disabled, relative can be a fast ticket to poverty. For example, a single woman caring for her 80-year-old mother with dementia could have to quit her job.
Thus, Amazon shares are too expensive for most investors. Therefore, we need to ask if companies such as Amazon hurt average people by making stocks too expensive.
There are several reasons Trump could fight Saudi Arabia’s war with Iran.
Diapers are a problem for the poor; because it costs between $70 and $80 a month to buy disposable babies for a baby, The National Diaper Network reports. Thus, it costs between $840 and $960 a year to buy disposable diapers for a child.
Thus, Yang is revolting against the elite and its agenda of culturism. To clarify, The Oxford Living Dictionaries describe culturism as a “Belief in the relative superiority or inferiority of certain cultures;” or, “discrimination or prejudice based on assumptions about culture.”
The technological jobs apocalypse will be a nightmare for educators and governments if these projections come true. For instance, 54% of employees will require significant re-skilling and retraining by 2022, The World Economic Forum speculates.
“Big Short” investor Michael Burry is predicting an index fund meltdown that could wipeout millions of Americans’ retirement accounts. Curry is legendary as the man who predicted the Great Meltdown…