The Dow Jones was extremely volatile Monday thru Friday. In percentage terms, it was the worst week since the 2008 financial crisis. Down 4000 points, it had the largest weekly drop ever. Although I have been worried about a stock market crash for a long time now, and everyone was…
Yet again, a wild week on Wall Street! Stocks swung hugely both up and down, while oil was crushed to mind-boggling levels. Why? Coronavirus has people fearful of collapsing demand and Putin would not agree to production cutbacks. This is likely Putin’s way of getting even for America’s interference in the…
What a wild week on Wall Street with thousands of points just gone! Needless to say, it was stressful trading, but I managed to lose less than I usually do. Thank God it’s the weekend, and I can rest. I started my Saturday with some power yoga and a green…
While reading this weekend, I ran across an interesting book. It’s called Wondering Man, Money & Go(l)d by R. Goswami. It looks like a hidden gem (knowledge is true wealth), and I can’t wait to read it. What peaked my interest while skimming, was an abbreviated excerpt by Alex Wallenwein and James…
Last week, I spent a good amount of time reading articles and watching documentaries featuring the smartest and most experienced investors. Scott Minerd, Global CIO of Guggenheim Investments, captured the gist of it: “This will eventually end badly. I have never in my career seen anything as crazy as what’s…
What a year! As you have probably heard, the Fed is pumping billions into the repo market weekly to keep the banking system from freezing up and malfunctioning. National debt is increasing at a rate of 80 billion a month. Fed chairman Jerome Powell has lowered interest rates and assured…
My jaw dropped when I heard this story. A friend of mine was in his early career on Wall Street; he was a trainee under a man by the name of Kevin, the Managing Director of the Govt Bond Trading Desk. Interest rates had just reached 15% on the 30…
The biggest company in the whole wide world started off as a custodial business for physical gold and silver. People entrusted the company with their physical gold and silver in exchange for paper IOUs which they could use to barter for goods and services. In 1944, the company held more…
The following scriptures from the Bible describe how the Israelites took down the city of Jericho by following God’s detailed instructions. There’s more to the message than the battle, and once again, the number seven plays a mysterious and significant role. And ye shall compass the city, all ye men…
I remember being nine years old with a big wad of cash. In 1980, I had earned allowances over the years and was growing and selling strawberries for a profit. While my brother was a big spender, I was a big saver. I understood the benefits of saving, especially after…
“Outstanding, sophisticated, and mesmerizing…a spiritual intrigue similar to Dan Brown’s The Da Vinci Code.” —ForeWord Reviews