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A few weeks ago, one of our Europe-based Total Access members reached out to ask us about a bank account he was considering for his new business. This is important stuff. As I’ve written before, most people spend more time thinking about what they’re going to have for dinner than
Probably around the time I was 12 years old, my parents opened up a bank account on my behalf. Decades later, even though 99% of my assets are outside of the United States, I still maintain a small balance at that bank. I appear to be suffering from some sort
This is total madness. The European Central Bank (ECB) is currently in the midst of a ridiculous crusade to buy an unbelievable 2.3 TRILLION euros worth of European government debt. In the ECB’s estimation, by conjuring trillions of euros out of thin air and using that money to buy the
[Editor’s Note: Peter K, the chief analyst of Sovereign Man’s private investment division, is filling in for Simon today.] I’m visiting my brother in Indonesia right now. Being a good host, he was fixing us vodka martinis, when he realized he ran out of olives. Both of his drivers had
It’s my usual custom whenever I land at a major airport to stop by the rental car counters and inquire how much it costs to rent a vehicle. For me this is a sort of informal, albeit imperfect, economic indicator. High prices suggest strong demand from plenty of business travelers
Yesterday I wandered out to the hotel pool to cool down from my workout, only to find a handful of Americans in the midst of a screaming match. There were 6 or 7 of them altogether. Some pro-Trump, others vehemently anti-Trump. They were shouting… literally shouting… at one another about
This is really starting to get out of control. No doubt you’re familiar with the S&P 500, the stock index that measures the performance of the largest US companies. And as we’ve discussed before, one of the most important benchmarks in measuring whether stocks are overvalued or undervalued is the
On May 23, 1719, one of the greatest financial bubbles in the history of the world kicked off when the Compagnie Perpetuelle des Indes was granted a monopoly by the French monarchy over all the trading rights of all French colonies worldwide. The company’s stock price quickly soared, from 300
It seems like every time I come to Panama now the first word that springs to mind is “impressive”. I first traveled to Panama back in 2003… fourteen years ago. I remember landing at Tocumen International Airport for the first time– it was a depressing backwater that was barely functioning.
I’ve written before a number of times about the long laundry list of reasons why I base myself and most of my business operations in Chile. I could go on forever about this, but in short the country presents an exceptional mix of business, investment, and lifestyle opportunities that are
In 1927, US Supreme Court Justice Oliver Wendell Holmes famously wrote that “taxes are what we pay for civilized society.” This quote is enshrined at the Internal Revenue Service, and it’s a rallying cry for people who constantly argue for higher taxes. Almost everyone completely misunderstands what he meant. First
In a scathing editorial published in the Wall Street Journal today, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, blasted US banks, saying that they still lacked sufficient capital to withstand a major crisis. Kashkari makes a great analogy. When you’re applying for a mortgage or business
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