Predicting the stock market

Predicting the Stock Market You can not predict the stock market.  You can not ever predict the stock market or the price movement of individual stocks.  Unless you have insider information, there  is no way to predict the stock market.  How do I know this? I am a smart guy, high IQ, good schools anyway …

Americans are spoiled

Americans are Spoiled I am American. However, I became aware of how spoiled Americans are when I lived for many years in Eastern Europe. I am writing this not to cut on Americans, people who I respect, but to put economic life in perspective. Forgive my title, as I am a patriot, but let us …

Cause of US economic problems

What is the biggest problem the USA has economically? The trade deficit caused by China. There are two things happening here an economic downturn which was caused by poor monetary management (central bank) and the trade deficit. Of the two problems the government involvement in credit and money is bad, and is responsible for the …

Adam Smith was right

Adam Smith was right. Ronald Reagan was right when he said ‘government is the problem’. Government and the economy At first I was for government intervention. I thought maybe the president was a bright strong leader and will solve many of the problems of the US economy. But it is very clear to me that …

Adam Smith and Insurance

Adam Smith did not write about much about insurance but here are some thoughts and quotes that are connected. Adam Smith on Risk The contempt of risk, and the presumptuous hope of success, are in no period of life more active than at the age at which young people choose their professions. How little the …

Why I do not work

Why work? Clarification: I work, I just do not have a job.  I am an American and live in Krakow, Poland. Corporate America Image that in Poland 100 years ago people use to work in another person’s field as a serf.  And the feudal lord or master would keep most of their produce. While they …

Government takeover

This post is better called how the government will make you rich. Please read on. Government takeover If you think government take overs will make things better for you and make your rich or save things, think again. Governments are very poor managers of assets. I live in Eastern Europe. I am American. People in …

Adam Smith government

Government leaders have never read Adam Smith. I am sure of it. At least not in full.  In fact, if bureaucrats and politicians had read Smith they would understand that small government means small problems and big government means big problems. Or in the ideals of our founding fathers ‘the government that governs least governs …

Credit union or bank

Which is better a credit union or a bank The credit unions vs. banks controversy is easy to solve if you take a step back and look at the economic incentives. First as yourself what is the purpose of a credit union and what is the purpose of a bank? Profit motive I have worked for …