I’d Put My Money On The Sun

“We are like tenant farmers chopping down the fence around our house for fuel when we should be using Nature’s inexhaustible sources of energy — sun, wind and tide. … I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”

Thomas Edison, inventor (1847-1931)

You’d Be A Fool To Hold Anything But Cash

“You’d be a fool to hold anything but cash and a few bars of gold.”

David Stockman

You may recall David Stockman being President Reagan’s Budget Director. Since then, he’s had a checkered business career, with the leveraged buyout firms The Blackstone Group then Heartland Industrial Partners, where he made, and sometimes lost fortunes. 

In this Business Insider interview, Stockman discusses his long-held opinions on our current economic situation, and why he doesn’t currently hold any stocks or bonds.

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Economic Indicators For Dummies

My New Book — Economic Indicators For Dummies — Is Available

Even if you don’t pay attention to the business news, you know the economy is in bad shape.

If you could correctly interpret the countless complex economic indicators, you’d know how bad it is. But these economic reports seem to vex even the saviest investors. Can you hope to make sense of these reports when the pros never seem to agree?

In a word, yes.

Economic Indicators For Dummies is written for people who have no intention of becoming economics experts. [Read more…]