Global Market Commentary, Analysis and Investments
“Most people want to be rentiers,” said Elizabeth. “I know I do.”
Rentiers are people who collect “rentes” – that is, they are people who live on their investments. If you have an investment in an apartment building, for example, you collect rents. That’s why you own the building. You want the income.
[Read more...]In this thought-provoking clip, The Colbert Report’s Stephen Colbert dissects the real reason behind the mortgage meltdown. It wasn’t a matter of predatory lending, or irresponsible borrowing… it was actually a matter of honor:
“When you signed that mortgage you gave your word, and your word is who you are…
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Don’t Turn Out the Lights on Commodities Just Yet
The prices for many commodities suffered the worst week in recent memory last week. Oil prices dipped below $100 per barrel, gold fell below $1,500 an ounce and silver gave back much of the past month’s gains by falling to the $35 an ounce level. The prices for other commodities such as sugar, tin, nickel, aluminum, lead and copper also pulled back.
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