Monthly Archives: February 2014

Grand Delusions (Part II)

Some investors take a provincial view and it could cost them, a former Schwab official warns. You buy domestic stocks and bonds on a regular basis for your qualified retirement account at work and your IRA. Maybe you add a few Japanese equities and some European stocks in the interests of diversification. All you have…

Continue Reading →

The Grand Delusion of Democracy: How governments pretend to pay their bills

Over the past 80 years or so governments have been expected to provide more and more social services. That means bigger and bigger bills for the taxpayers of this generation and generations unborn. Since governments almost constantly run in the red, they often resemble cocaine addicts desperately looking for the next fix. The fix, in…

Continue Reading →