Authored by Charles Hugh Smith via OfTwoMinds blog,
As for acquiring capital - the most important types of capital don't require much money.
What is real wealth? Money, right? Currency, gold, quatloos, you name it. Money is real wealth because you can use it to buy whatever you want.
I would argue money in any form is only the means to acquire real wealth, which is the agency, opportunity and time to pursue your life's work.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Yes, this time it's different: all the foundations of a healthy economy are crumbling into quicksand.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Housing markets are one itsy-bitsy recession away from a collapse in domestic and foreign demand by marginal buyers.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Almost lost in all the dollar estimates of property damage is the human loss, suffering and stress.
I am not an expert in repairing flood damage, or in dealing with insurance companies, FEMA or all the other pieces that will go into homeowners getting the funding needed to repair or rebuild their homes.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Labor's share of the national income is in freefall as a direct result of the optimization of financialization.