Statista.com told us this week (as if we already didn’t know) that US inflation has hit cars, meat and lodging. Last week, Jason talked a lot about shrinkflation and lodging is a prime example of this. At many hotels right now, even luxury ones, you are getting zero...
Some countries are privileged to have stable currencies. As the reserve currency of the world, the U.S. dollar has enjoyed an enviable position that most countries would die to have. Except for the 1970s stagflation scare, the U.S. has cruised along without many...
America is a lucky country. If you live in the US, you’re part of the globally privileged. The select 300+ million who have the luxury of living in the most prosperous society on this rock. The US’s wealth and economic opportunities are second to none. Migrants all...
History is replete with examples of countries enjoying shocking levels of prosperity to later transform into basket cases decades later. That’s how civilizational cycles work out. But it’s not just confined to the West. The African continent has had its fair share of...
If I had a penny for every time I heard someone say that this “can’t happen here”, I’d be on the Bloomberg Billionaire Index within a year. No questions asked. America is a fantastic country with a business culture that is second to none. But it’s still a nation of...