March 15, 44 BC Julies Caesar was assassinated December 25, 4 BC Jesus Christ was born 476 AD 505 years of the Roman Empire end July 16, 622 Mohammed began writing the Koran December 25, 800 Charlemagne crowned by the Pope October 14, 1066 William of Normandy defeated the English June 15, 1215 The Magna [...]
What Will Happen Next?
Change is inevitable. Political, social and economic change is often the result of crisis. We examine how our nation and world might change as a result of the crisis
Most experts would agree that the biggest threat to the Chinese economy is a real estate bubble. Arguably, China has a massive housing and overbuilding bubble as can be seen on the chart below, showing the cement consumption per capita vs. GDP per capita. Of course, having a housing bubble does not mean China is [...]
The short version of the Long Wave story is that human beings are emotional creatures with limited memories. For as long as there have been markets we have been traversing the same sequence of emotional states, beginning with anxious conservatism in the aftermath of hard times, followed by cautious optimism and finally –as the original [...]
The following is an excerpt from Richard Russell’s Dow Theory Letters. “Charlie Munger and I have not learned how to solve difficult business problems. What we have learned is to avoid them.” Warren Buffett A Critical Concept — I want my subscribers to be acutely aware of the very BIG picture. The big picture can [...]