When I was a kid, I was stupid. Like really stupid. Let me explain… My friend’s dad worked at a Texaco refinery in south Louisiana in some kind of quality-control role, and he was always bringing home chemicals and stuff as sort of a show-and-tell project. One day, he brought home some variety of Jet-A, the fuel that planes use. He told us that Jet-A, a form [Read More] …
Video: Why I Don’t Believe the Fed’s New Inflation Forecast
Yesterday, the Federal Reserve concluded its much-anticipated two-day meeting. Afterward, it revealed a plan to end its bond-buying program and raise interest rates, potentially three times, in 2022. So early this morning, I sat down with Field Notes Managing Editor Ciaran Madden to discuss what this means for us as savers and investors, and to [Read More] …
Weekly Digest: Physical Dollars Are About to Disappear
Plus Rich Insiders Dump Tons of Stock Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. First up this week…something big. A few days ago, I stumbled across one of the most important news stories I’ve seen in a long time. This story [Read More] …
Video: Why Living Overseas Opens Up New Investment Opportunities
A little over three years ago, I made the decision to leave Los Angeles and begin a new life in Prague, in the Czech Republic. For today’s video edition of Field Notes, I sat down with Managing Editor Ciaran Madden to discuss why I made that decision, how difficult the move was, and how I [Read More] …
One of the Best Financial Decisions I’ve Ever Made
My Wife Thinks I’m Crazy… All politics are local, the old saying goes. I might add, so too are everyday expenses. My wife recently tagged along as I visited the dentist for a toothache. There was drilling involved. A needle. Some grinding. Some back-filing and polishing. And a seven-day prescription of antibiotics handed to me by the dentist as I was [Read More] …