Savings and Investments 2013

Share your thoughts on the state of the global economy, the labor market, government intervention in markets, taxes and inflation. We examine the risk and rewards of the various asset classes in this investment climate.

Expect a lively discussion!

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  • Scott B.

    (following up on previous comment) The spike of 2008 was caused by speculation, then vaporized when the crash occurred and traders were forced to cover their margined accounts, driving oil, for example, back down to $35/barrel from $147/barrel just 7 months before (people did not stop using 3/4 of the oil). There were several other things wrong with Jim Rogers etc. simplistic account of commodities trading, and self-serving too. If we had a Jubilee, or better yet, a resources value tax, that would become highly apparent.

    January 22, 2013

  • Scott B.

    In your class last night, you said we must sell Treasuries to the Chinese so they can afford to buy our stuff, but that is only true as far as it goes. In reality, we are subsidizing the Chinese with our billions in interest payments - which, like all governemnt debt - must come out of the taxpayer at some point. This subsidy enables the Chinese to tax their own people less, and therefore, indirectly, to pay them less, undercutting our workers here in America, while debt-owners (rentiers) skim interest payments off the top for doing nothing. We are thus doubly paying, all while our jobs are being exported in the Grand Theft of anything that can be exported. The rentiers are much more responsible for high commodity prices, especially at spikes, than supply and demand too.

    January 22, 2013

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