A Fatal Problem In Modern Economic Thinking
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Here is my promise to you in today’s Dividend Cafe – the entire thing, from start to finish, is apolitical. Now, that is not actually true, and maybe by the time I am done writing, I will explain what that means – where there is a political dimension to this subject. But in a deeply divided country that over the last ten days has experienced all it has experienced, and in an investment commentary communique, I think it is appropriate that this particular edition not say the word “Trump” or “impeachment” or “riot” or any of the words that have rather aggressively filled the news cycle for a couple weeks.
What Represents The Single Paradigmatic Change Over The Last 25 Years?
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Last Friday, December 11, marked year number 25 since December 11, 1995, when my father passed away. His name was Greg Bahnsen, he was 47 years old (the age I will be next year), and he was my hero and my best friend. I have to imagine many of you have experienced things (including losses) that do not feel like they were as long ago as they actually were. I know those cliches are tired, but it just simply does not feel like it has been 25 years since my dad died. Yet it has been, and I imagine when another 25 years go by, I will be saying and feeling the same thing.
Capital Abounds, And It Needs A Place To Go
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As I am typing, the market sits at 30,000 exactly on the Dow, really close to 4,000 points higher than it was in the middle of the day on Friday, October 30 (it closed at 26,500 that day). Now, pre-market futures at the time of writing are down 100 points or so, and each minute, hour, day creates new opportunities for an uptick or a downtick, but the point I am making is nothing more than the empirical fact that …
Over the last 42 days, the market is up very close to 4,000 points
Over the last 42 days, Joe Biden has won the Presidency