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When I saw the chart, the first thing I thought was, “hockey stick”. It’s flat on the left side, then suddenly soars up and to the right, indicating an abrupt and rapid rise in prices. Which chart am I talking about? Real estate prices, specifically in an uptown enclave of
I used to watch wrestling when I was a kid… I come from the age of Hulk Hogan, Ultimate Warrior, and Randy “Macho Man” Savage. Huddling close to the television each weekend, my friends and I would cheer for our favorite stars and their signature moves. My dad ruined it
I’m in New York City this week meeting with the Prime Minister of a Caribbean nation about his country’s citizenship-by-investment program. Citizenship-by-investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. Depending on the country, the
Yesterday I told you how the US federal debt level is expanding at its fastest rate since the financial crisis. This isn’t supposed to be happening. The financial crisis is years behind us. The economy is supposedly on solid footing. The government keeps gushing about how much tax revenue they’re
A few days ago, the federal debt of the United States rather quietly and unceremoniously passed the $19.5 trillion mark. And while that figure may seem absolutely confounding, what’s even more alarming is how rapidly the US government is racking up this debt. In fact, for the 2016 fiscal year
Yesterday we talked about how the banking system is MUCH riskier than most people are led to believe. And there is a growing chorus of high ranking regulators and officials saying the same thing, ranging from the Vice Chairman of the FDIC to former US Treasury Secretary Lawrence Summers. I
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