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The Fading Scent Of The American Dream

"This dynamic has yet to fully play out, but it will. Whatever you think of Trump, his election isn't the problem; it's merely a symptom of much deeper forces that will sweep our corrupt and rotten-to-the-core status quo into the dustbin of history."

Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes

World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.  Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in the green, as both European and Asian stocks are higher.

Is Bend, Oregon In A Bubble?

"Bend is a bubble built on a bigger bubble that is still inflating. Bend's continued appreciation is a bet on a few cities' property values (alongside general financial assets) continuing to rise indefinitely and those wealthy folks continuing to flock to Bend. So far, so good but the clock is running."

How Socialism Ruined Venezuela

"As Venezuelans, our poor understanding of the importance of freedom and free markets has created our current disaster... when we enjoyed high levels of economic freedom, we allowed the destruction of political and civil rights, and when we finally established a democracy, we allowed the destruction of economic freedom."

Mike Rowe: It's Time To Make Hard Work Cool Again

"When you start calling vocational arts 'shop', it’s pretty easy to take shop class out back and put a bullet in its head... That's what we did; we killed shop class, which sends an undeniable message to millions of kids in terms of what is valuable."

The Curious Case Of Missing The Market Boom

"I don’t want to kill your dream, and I don’t have to. The dream will kill itself. You’ll hear a monumental ‘POP’ go off, and then you’re back in reality..."

Three Big Threats To Small Caps

In addition to the concern that tax reform and/or tax cuts may get stalled, there are three other factors that we think investors should consider when evaluating small caps in the US.