mofares

Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom

Jim always hits the nail on the head. Hei s so right about this country, just look at what is happening and how hard people are working to make ends meet. The rich are getting richer because they have education, the ability to invest in hedge funds and other risky investments with great returns which in term takes massive risks are are bailed out by parent company or uncle Sam. With the amount of natural wealth and resources America has, majority of it's naturalized citizens should be very well off and not have to worry about money, education, health care and retirement. The problem is the the government taxes us to death, spends money like a teenager with a open line of credit at a mall and inflation is much higher than income growth across the board during the past 30 years. Credit and litigative society will destroy the country in due time.

Bill Gross: Understated Inflation Means Commodities, Emerging Markets Should Outperform

Most Americans don't have a clue on inflation numbers or what it means to them so our Gov't could put out any number and they would believe it. The numbers are intentionally kept low due to social security payout adjustment. What a bunch of pathetic statisticians and analysts at the Bureau of Labor Statistics!!!