Are you joking, having faith in the U.S. administration. I wonder who in the world would have a faith in the U.S. administration. For sure not someone who thinks.
Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.
Markets are irrational in the short term but not over the long term. They sometimes offer fire sale prices on the greatest companies in the world.
Ask five economists and you'll get five different explanations - six if one went to Harvard.
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
This EU is the New Communism. It is Power without Limits.
Succesful institutional traders often talk of quitting and going to trade for themselves. Only a handful of them manage to make the transition. Most traders who leave institutions get caught up in the emotions of fear, greed, elation, and panic when they start risking their own money.
The goal of the good trader, paradoxically, is not to make money. His goal is to trade well.
Government can screw up just about everything. Given enough power and time it will screw up everything.
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
Under a gold standard, sound government has a much better chance; its leaders can say to the people and to the politicians, "We can't do it unless we increase taxes." The gold standard is a form of protection against spendthrift governments.
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