Mark Skousen
From Third World to First World: Who Offers the Best Model of State Capitalism?
“Little else is required to carry a state from the lowest barbarism to the highest degree of opulence but peace, easy taxes and a tolerable administration of justice.” — Adam Smith (1755) My wife Jo Ann and I are on the Regent Seven Seas Navigator on the Forbes Cruise to Asia, where I am a […]
What Is My #1 Macro Indicator Predicting?
“Never fight the Fed.” — Marty Zweig “Don’t fight the Fed — fear the Fed.” — Michael Sincere (MarketWatch) The markets — stocks, tech, bitcoin, gold and even uranium — rallied after Fed Chairman Jay Powell maintained his stance to cut interest rates three times in 2024 once inflation has subdued. Since price inflation is staying stubbornly high at […]
The Question You Should Ask Whenever You’re Wrong
“Never bet on the end of the world. It only comes once, which is pretty long odds.” — Arthur Cashin, New York Stock Exchange Floor Manager (“Maxims of Wall Street,” p. 110) Since Joe Biden gave his State of the Union (or shall we say “Disunion”) speech last week, I’ve encountered a plethora of negative […]
Stocks Hit New Highs… Then Bitcoin… and Now Gold: Welcome to the New Roaring Twenties!
“A wise trader never ceases to study general conditions.” — Jesse Livermore, “Speculator-King” (“Maxims of Wall Street,” p. 64) “Too much of a good thing can be wonderful.” — Mae West We’ve just witnessed one of the most successful money-making opportunities in our lifetimes in 2023-24, with record gains in stocks (due to the tech […]
This Hollywood Story Could Not Be Told Until Now
“When I die, there are two people I want to meet, and one of them is Cleon Skousen. Have you ever read a book that literally changed the course of your thinking and your life? God bless Cleon Skousen for his untiring efforts to bring Constitutional principles back to this promised land.” —Glenn Beck Happy […]
Have You Seen This Amazing Chart? Bitcoin Rules!
“Government is not reason, it’s not eloquence, it is force. Like fire, it is a dangerous servant and a fearful master.” — George Washington (attributed) Happy birthday, George Washington! It’s not often that a chart sends out a shocking message. This one does: The Ideal Inflation Hedge: Stocks, Gold, Real Estate or… Bitcoin? Over the […]