30 May Fake it Until You Make It
“Faking it 'til you make it” is a Silicon Valley maxim. Unfortunately, “faking it” at times means committing fraud, though determining what is "fraud" is complicated ...
16 May America’s Love Affair with TINA Continues
As TLR wrote last year (here), since March 2009 investors have had no better alternative than to own equities …, which is why the acronym, TINA – There Is No Alternative –, has been applied to owning stocks over other asset classes. Although having an...
09 May The Global Warming Conflict
The Earth’s climate is changing …, but that’s not news. The Earth’s climate is constantly changing. The most recent changes mean a warming Earth. In what is the nearest thing to unanimity, the scientific community has concluded that the trend is up, up, up …, with...
02 May Intentional Consequences
The enactment by the Biden Administration of the $1.9 trillion American Rescue Plan (ARP) was a victory for labor over capitalists capital, one that many Americans believe created unintentional consequences for American businesses. Those consequences, however, were very much intended. They are an integral part...
21 Mar Bubbles? What Bubbles?
Don’t worry about how sky-high stock market prices are today. Or Bitcoin – its price is now $59,000 (having appreciated 500% over the past 12 months). Or the price of GameStop (from $4 to $483 in 6 months) or of sports trading cards ($1.3 million...