Putting the Cart Before The Horse, Russian Style

Back in the late 1980s, nations of the west were delighted and pleased when Gorbachev introduced the political policies of Glasnost and Perastroika. Mild political reforms in a moribund communist behemoth were the antecedents to the eventual collapse of the Soviet...

Time to De-Cycle?

Last week, while going through a pile of international research, I saw a report that shocked me: it was an analysis of defensive stocks with low valuations in Hong Kong. I hadn’t seen defensive-value-themed research of that sort for at least two years, as...

My New Entitlement

By appearance alone, no one would ever guess that next year I’ll celebrate my 65th birthday. Going by this year’s presidential campaign promises, simply by surviving 65 years I acquire the right to have my prescription drugs paid by younger Americans....

Social Security Lies

Here’s what the 1936 government pamphlet on Social Security said: “After the first 3 years — that is to say, beginning in 1940 — you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year. …...