PE4FAMs Blog

If you think the real estate excesses in the US housing markets in 2008 leading to the Big Recession were epic, the possible carnage from defaults in the debt based China property market are historic. According to an article in “The Wall Street Journal” written by Quentin Webb and Stella Yifan Xie on October 10, […]

The good news is the “pork” panacea from ARPA provides about 100 times more than anyone needs. This should spur a line up of organizations trying to fund their WANTS from real and phony non-profits, to school systems and public venues and parks. Do you think the money may end up in some strange places?

Contrasted with the state regimen, balanced budgets based on federal tax revenues are optional for running the country.  Since the four-year period 1989-2001when Bill Clinton produced budget surpluses the federal budget has run a deficit. This is not a funding problem because the Federal government can pay for its deficits by having the Treasury issue

Bitcoin gets all the attention because it is the rock on which all other cryptocurrencies are made possible. Supporters believe BTC will always have value because it is like collectible art. It has attracted intelligent investors who are willing to buy and hold a decentralized digital currency not backed by anything other than its compelling

In 1971 I was married while in college. I distinctly remember inflation in gasoline and food prices. I also remember wage and price controls because our landlord made us “rent to buy” furniture from his cousin as a way of increasing our rents. I have no recollection of what was happening with wages, but my

In the late 1960s a large population cohort, the so-called “Baby Boomers”, had an existential choice between fear of loss and the hypnotic call from Woodstock. Here is the first verse of Joni Mitchell’s epic song ” Woodstock” that captured the moment: I came upon a child of GodHe was walking along the roadAnd I

Just when you are about to give up on the American people’s ability to make sound financial decisions they surprise you. Conventional wisdom suggests when you win the lottery three times in a 12-month period you buy a car, a house, and a boat. That was what the economists thought would happen when they recommended

I am sure all of you have noticed man’s best friend is one of the most popular trades during the Pandemic. My brother’s family now has four dogs. My sister has three. My daughters have multiple pets.  Research shows Gen Z and the Millennial cohorts are buying up pets as fast as real estate is

I am thrilled for the true believers in the Reddit crowd who have learned to manipulate the stock market. Their formula appears to be working well with notable successes like Hertz, GameStop and now AMC. In almost every case the cookbook recipe reads like this: Find an asset that is essentially worthless from a fundamental

If you explore the history of money, you begin to understand why crypto currencies are beginning to compete with monopolistic monetary systems dominated by central banks. First Money Was Jack And the Beanstalk Model The first system was a “Jack and the Beanstalk” economy where a farmer could physically trade a cow for something else