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October 27, 2014 Region VII, Chile This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as of 11:45am
October 27, 2014 London, England [Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] Shortly before leaving the Fed this year, Ben Bernanke rather pompously declared that Quantitative Easing “works in practice, but it doesn’t work in theory.” There is, of course, no counter-factual. We’ll never
October 23, 2014 Santiago, Chile When I was growing up, my father was able to support his family of four on a single income. And when he was growing up, his father could do the same. This sort of security simply doesn’t exist anymore. These days, it typically takes two
October 22, 2014 Santiago, Chile The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion. But what does that really mean? It’s such an abstract number that it’s hard to imagine it. Can you genuinely understand it beyond just
October 21, 2014 Santiago, Chile I walked in the door this morning to my apartment in Santiago, happy to be back in Chile after a week away. (One of the things that I really love about this place is the weather. The weather forecast in the entire central region of
For every crisis that strikes, the government springs up to “save” us. Introducing new bureaucratic agencies or an “Ebola Tsar” as Obama has just done, they are constantly adding to the already over-bloated expanse of government today. But when a real danger happens, they completely fail. Repeatedly. The reality is,
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