Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on December 26, 2011
Barry Ritholtz is a well-informed investor. He writes a good blog, The Big Picture. Recently, he wrote an article on three factors that undermine most people’s investment plans: (1) the market, (2) the professionals, (3) their own selective overestimation of their investment skills. The market, meaning all organized capital markets, price every asset in terms […]
Continue reading →Written by Gary North on December 21, 2011
The problem is getting attention, but this Wall Street Journal story caught my attention. The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal […]
Continue reading →Written by Gary North on December 7, 2011
This TV report from CNN tells the story of burned-out theologically liberal boomers who are going back to mainline denomination seminaries. They plan to work in part-time jobs for part-time pay in churches attended by old people on Medicare. The report did not say this, exactly, but it did admit that many mainline churches cannot […]
Continue reading →Written by Gary North on December 6, 2011
It was obvious a month ago that Jon Corzine, the CEO of the bankrupt MF Global, would spend the next decade or so fending off lawsuits. The first one has begun. Former MF Global employees are suing Corzine and the board for misrepresenting the economic prospects of MF Global. On November 2, I wrote this: […]
Continue reading →Written by Gary North on December 2, 2011
James Altucher has written a great article on the 10 things he did not learn in college, but should have. I wish 4 million college-bound high school seniors would read it every year. (Over half never graduate.) I have been writing about this for over 30 years. It’s nice to see a few people who […]
Continue reading →Written by Gary North on November 30, 2011
Fred Reed is one of America’s most readable columnists. He used to be a real, live journalist, but he finds it easier in retirement to crank out occasional observations about the insanity of government in the United States. In his latest piece, he considers the implications of racial quotas, also known as “racial profiling acceptable to […]
Continue reading →Written by Gary North on November 25, 2011
Back when I worked for a salary — in 1979 — I thought my employer was on solid ground. But I still made the break. I had worked for over four years to start a newsletter business. It was finally making a lot of money. So, I quit my day job. I became self-employed. I […]
Continue reading →Written by Gary North on November 23, 2011
It did not take a bunch of chanting unemployed college graduates to stick it to Wall Street. All it took was Wall Street. The losers: 200,000 unemployed hot shots. They were on the fast track in 2007. It was a fast track to oblivion. The bubble burst, and it is not coming back. I don’t […]
Continue reading →Written by Gary North on November 14, 2011
In the good old days, when I was a teenager, college was the way to job security. But, with each new batch of graduates, the value of a degree in the liberal arts goes down. Graduates compete against each other. The main source of job growth is new businesses: 5 years or newer. These are […]
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