by Sam Mitchell | Apr 2, 2024 | Government, Markets, and You, Government, Markets, and You, Uncategorized
America is engaged in its second civil war. Like the first, the war is over an idea. Under sustained attack is the idea of America as expressed in the Declaration of Independence and the Constitution. The Founding Fathers set the preservation of individual freedom as...
by Sam Mitchell | Dec 4, 2022 | Government, Markets, and You
Warren Buffett, as usual, was right: gold is not an investment. It yields nothing and never grows. Gold, instead, is money: something people use to (1) exchange what they have for what they want, (2) store their purchasing power, and (3) know precisely how much they...
by Sam Mitchell | Apr 29, 2021 | Government, Markets, and You
If you are like me, you are sick of the smug, ignorant, destructive drivel from the “Woke” crowd. “Wokeness” connotes exquisite sensitivity to racial or social discrimination and injustice, as defined by the beholder. Niggling questions about what constitutes...
by Sam Mitchell | Feb 11, 2021 | Government, Markets, and You
By any measure, stock prices relative to any rational measure of economic value are at record levels. https://seekingalpha.com/article/4404673-is-this-the-biggest-financial-bubble-ever-hell-yes-it-is The main driver of what appears to be an epochal bubble in the...
by Sam Mitchell | Jan 14, 2021 | Government, Markets, and You
I have been a card carrying member of the “sky is falling” crowd for years. And I have been wrong. Stock prices are at their all-time highs. Some stocks are selling at multiples of sales that historically have been applied to earnings. Why was I wrong and what are the...
by Sam Mitchell | Nov 15, 2018 | Government, Markets, and You
Intense dislike of Trump is causing people to miss something big. Trump’s rise and popularity is a symptom of a trend, not a one-time aberration. A bottom-up reaction is emerging in Europe and America against a force that has been ascendant under many guises for over...
