North Korea is where China was in 1980. It is very, very exciting what is happening now in North Korea.
Related: iShares MSCI Emerging Markets Indx (ETF)(NYSEARCA:EEM)
November 30, 2015
November 26, 2015
We have not had an economic slowdown for over 6 years in the world, we are overdue. As you know, every 4 to 7 years we have them, no matter what. It is coming, wether it is next year or in 2017. I do not know, but I know it is coming. And the next time it comes it is going to be a disaster because the debt is so much higher.
Economics is pretty simple. If you spend money you do not have you either pay it back or go bankrupt and suffer the consequences.
If you had to do was to pile up debt and print money, Zimbabwe would be the richest country in the world right now. Many countries would be extremely rich. It does not work!
I did buy more Chinese stocks recently but even China is now going up a lot. As I said before, it is up nearly 50 percent year to date.
November 23, 2015
November 20, 2015
November 17, 2015
America is now the largest biggest debtor nation in the history of the world. So if you give me a few trillion dollars I will show you a very good time. But in the end someone is going to pay for it.