by Jeffrey A. Tucker I’m old enough to have a vague memory of clothes so white that they were called bright. This happened despite the absence of additives — the ridiculous varieties of sprays and bottles and packets that festoon our cabinets today and that we throw into the wash to try to boost the …
“Any note that is bought at a discount would make sense in an IRA, since the entire capital gain is tax-deferred.” I asked William Exeter to tell us about using cash flow notes in a retirement plan. Mr. Exeter is the President and Chief Executive Officer for Exeter 1031 Exchange Services, LLC, Exeter Fiduciary …
The Defense Department briefed the President this morning. They told him that 2 Brazilian soldiers were killed in Iraq. To everyone’s surprise, he collapsed onto his desk, head in his hands, visibly shaken, almost in tears. Finally, he composed himself and asked, ‘Just how many is a brazilian?’
No wonder Fed Chief Bernanke fought so hard to keep the Fed’s lending a secret. I just read in Rolling Stone magazine a story entitled “The Real Housewives of Wall Street.” It seems that the Fed loaned bailout money of $220 million to the wives of two Morgan Stanley bigwigs. After his wife got a …
“Atheism turns out to be too simple. If the whole universe has no meaning, we should never have found out that it has no meaning: just as, if there were no light in the universe and therefore no creatures with eyes, we should never know it was dark. Dark would be without meaning.” — C. …
On this day in 1861 Abraham Lincoln maneuvered the Confederate States into firing on Fort Sumter so that he would have an excuse to invade the South. Confederate peace commissioners had already been to Washington to negotiate the transfer of forts and magazines on their territory peacefully. Lincoln dallied, delayed, mumbled out of both sides …
After two years of Obama…Here’s your change! January 2009 TODAY % chg Source Avg.. Retail price/gallon gas in U.S. $1.83 $3.704 79.6% 1 Crude oil, European Brent (barrel) $43..48 $105..02 147.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $104.78 155.9% 2 Gold: London (per troy oz.)5 $853.25 $1,469.50 70.5% 2 Corn, No.2 yellow, Central …
Grant asks, How would hyperinflation impact the note business? ————————————————————————- Recently in THE PAPER SOURCE JOURNAL I have been writing about your timely question. Hyperinflation would of course reduce the value of notes. If you create notes you should absolutely have inflation adjustment in the payment terms, that being a gold clause; I’m not a fan …
They want a new Muslim leader…. I say give them ours. Solves 2 problems.
I’ve received a lot of emails from people telling me how much they got out of the teleseminar with Lisa Moren-Bromma on Wednesday. If you missed it, you can hear the replay at www.PaperSourceOnline.com/teleseminars There’s some annoying chiming in the first few minutes (signalling when people were joining the seminar) but I figured out how …
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