Unfortunately governments
usually wind up with inflation because
it's easier for governments that way. It's easier to print money, it's easier
to borrow money, it's easy to spend money
and ultimately that leads to more
inflation.
Inflation makes people unhappy
too but governments can at least do
something or think they can do something. Deflation makes everybody angry and
governments usually cannot do much
except revert to inflation again.
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Wednesday, January 23, 2019
Tuesday, January 22, 2019
Interest Rates Are Still Very Low
Anybody who thinks these interest
rates are high needs to go back and do a
little history because these interest
rates are the lowest in recorded
American history. I mean we never had
interest rates this low, this long (the last four or five
years). So these are
anything but high interest rates on a
historic basis.
That's true
everywhere in the world. Interest rates were
negative in some countries in the world. Japan has never had such low interest
rates, much of the world has never ever
had such low interest rates. So, if you
think these interest rates are high
please do some homework.
Rising Interest Rates Will Ruin Lots Of People
Interest rates at least in America have
a long history of long, long cycles. We're now headed up again and
interest rates are going to go much, much, much higher over the next few
decades and it's gonna ruin a lot of
people.
Thursday, January 17, 2019
Wednesday, January 16, 2019
U.S. & China Could Do Fabulous Things Together
Everywhere I've ever
been in China the Chinese love Americans
and America. They don't like Washington
necessarily, I don't like Washington
necessarily. But it's just amazing
because together we could just do
fabulous things together and Washington
keeps messing it up.
Tuesday, January 15, 2019
Life In Asia
I realized when I first came to China in the eighties that China would be the next great
country in the world and I used to tell
people to teach their children Mandarin.
Both of my daughters are fluent in Mandarin. The little one is
just now in a Chinese movie as a
matter of fact.
Friday, January 11, 2019
Global Fintech Innovation Summit
Tomi Wen (Huobi China CEO) have been awarded the "Distinguished Blockchain Individual" at Global Fintech Innovation Summit and the award was handed out by Jim Rogers.
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