We’re nearing the fifth anniversary of the financial crisis. Over the past five years, so many people in the United States have been arguing about inflation even though we have (probably) been in a state of deflation. And, the arguments about inflation have started from the point that all inflation is bad. A little inflation… [Read More]
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Chad: “A Screaming Man”
Chad is a poor country, with about 11 million people who have a per-capita GDP of about $2000. It received independence from Algeria in 1960 and has suffered almost constant civil war as well as invasions (from Libya and Sudan. It’s one of those stereotypical “basket case” countries that investors think of when they write off… [Read More]
Paying for college: Will you get financial aid?
Will you get financial aid for college? That’s a tough question because it depends on so many things: how much money you make, how you make it, what you owe, how many children are at home, and what college the child attends. Advice on how to structure your personal finances (general savings, retirement savings, paying… [Read More]
The thing about real estate prices and home prices
Over the weekend, the New York Times ran a story about real estate prices that discussed how both home prices and land prices are going up again. The story is very much about how developers are looking for land. But it misses one key point: the house itself goes down in price, not up. If… [Read More]
