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Mark Skousen

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The Los Angeles City Council demonstrated its ignorance of Economics 101 when the panel voted this week 12-1 to raise the minimum wage to $15 an hour by 2020 for millions of workers in the country’s second-largest city. United Farm Workers co-founder Dolores Huerta celebrated and said, “I think the economy will benefit and everyone […]

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“We have an incredible economic system that unleashes the American spirit. We have a wonderful future ahead of us.” — Warren Buffett This is part 2 of my report on Warren Buffett’s 50th anniversary shareholder meeting, known as the “Woodstock of Capitalism.” Buffett told his adoring audience of more than 30,000 in Omaha that he was bullish […]

[Warren Buffett]
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“If investors weren’t so often wrong, we wouldn’t be rich.” — Charlie Munger As long-term subscribers know, I love to attend conferences and feel the pulse of investors. I think it makes me a better investment analyst. Over the years, I’ve attended them all — MoneyShows, the New Orleans Investment Conference, Milken Institute’s Global Conference, Investment […]

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Yesterday, the first-quarter real Gross Domestic Product (GDP) growth rate came in at an anemic 0.2%, confirming my view that the economy has slowed to a crawl.

[Wall St. Sign]
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Too often investors panic and get so emotional they sell near the bottom of a bear market or get greedy and buy at the top.

Man counting money
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Walmart and McDonald’s recently have raised wages to $9 an hour or more, substantially higher than the federal minimum wage of $7.25 an hour. They did so following a highly publicized campaign by protesters to force McDonald’s to increase wages and benefits.