We are in a period of great conflicts and disruptive changes that are important to understand well. Look at the news and the changes happening in front of your eyes. It should be clear that the monetary order, the domestic political order, and the international geopolitical order are all breaking down and that we are on the brink of big disruptive changes.
I urge you to understand what to expect by understanding how these things happen. If you haven't seen my free 30-minute animation, “Principles for Dealing with the Changing World Order” (or this shorter 4-minute version), I recommend that you watch at least one of them to understand the timeless and universal cause-effect relationships behind these changes. Or, if you want a deeper understanding, you can read my book of the same title.
Sorry if you sold gold last week based on people that told you China was selling gold.
China imported 1,384 tonnes of gold in total last year; at $22,000/oz, those 1,384 tonnes balance China's trade surplus.
"China's over-exporting" is just a symptom of overvalued USD v. gold.
IF U.S. incomes spiked 69%, we'd return to pre-pandemic housing affordability levels
IF U.S. home prices fell 41%, we'd return to pre-pandemic affordability
IF mortgage rates fell 4.3 percentage points, we'd return to pre-pandemic affordability
📢 The Economy of 2025: A Reflection on the Past 📢
With the evolving economic landscape, 2025 mirrors the early 1980s in many ways. While progress is evident, challenges remain. A look at key similarities:
🔹 Inflation cooling, yet uncertainty persists
🚨 The Mavericks are trading Luka Doncic, Maxi Kleber and Markieff Morris to the Lakers for Anthony Davis, Max Christie and a 2029 first-round pick, per @ShamsCharania
@_masterinvestor Establishment of the Federal reserves and how they stopped it 3 times then once everybody who was against passed on the titanic it got pushed through