Tag: 2019

Where were 2019 Holiday sales so great exactly?

We do not think the “sales reports” about Black Friday and other 2019 holiday sales figures are at all accurate. In general, it is our belief that “spending” as a whole this Christmas season is DOWN.

Each year, season, or whatever period of time – news outlets, media publications, and other propaganda-spewing entities “report” the state of the economy or retail industries. They say “up” or “down” depending on what will benefit them the most. Much of these so-called reports, we believe, are utter fabrications (for whatever reason).

As you will surely remember many examples of “fraud” over the years. Accounting fraud. News fraud. Economic fraud. People, in general, have no problem lying, if it benefits them or those who pay them. We live in a fraudulent society across the board now.

So a properly cynical person will take nearly all “mainstream” news – and almost automatically assume it is something different than what it portrays. “Cui Bono?”

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2018-2019 Is Not The Same As 2008-2009

Authored by Charles Hugh Smith via OfTwoMinds blog,

The story of the 21st century is debt is soaring while earned income is stagnating for the bottom 95%.

Best wishes to all my readers and correspondents for a safe, healthy and productive 2019. Thank you, longstanding supporters, for renewing your financial support at the new year without any pathetic begging on my part. (The pathetic begging will commence shortly.)

While I don’t have any predictions for 2019 (why look any dumber than I have to?), I do have a couple of thoughts on the economy, markets, globalization, etc. Here are a few of the key issues confronting humanity:

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35 years ago, Isaac Asimov was asked by the Star to predict the world of 2019. Here is what he wrote

Via The Star

Guest Post by Isaac Asimov

Originally published Dec. 31, 1983

lf we look into the world as it may be at the end of another generation, let’s say 2019 — that’s 35 years from now, the same number of years since 1949 when George Orwell’s 1984 was first published — three considerations must dominate our thoughts:

In 1983, American writer Isaac Asimov wrote that by 2019, “It is quite likely that society, then, will have entered a phase that may be more or less permanently improved over the situation as it now exists.”n 1983, American writer Isaac Asimov wrote that by 2019, “It is quite likely that society, then, will have entered a phase that may be more or less permanently improved over the situation as it now exists.” (Mondadori Portfolio)

1. Nuclear war. 2. Computerization. 3. Space utilization.

If the United States and the Soviet Union flail away at each other at any time between now and 2019, there is absolutely no use to discussing what life will be like in that year. Too few of us, or of our children and grand· children, will be alive then for there to be any point in describing the precise condition of global misery at that time.

Let us, therefore, assume there will be no nuclear war — not necessarily a safe assumption — and carry on from there.

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Where to Put Your Money in 2019

Guest Post by Dan Denning

Diversification and asset allocation can help you reduce your risk as an investor.

For your kids and grandkids, a depression could be just the tonic they need. In a world where real wage growth is stagnant and the robots are taking all of our jobs, your best chance to build a fortune is to buy assets when they’re cheap. You can only get them at that price after a crash.

Do you think it’s a coincidence that famed investor and economist Benjamin Graham wrote his investment classic, Security Analysis, in 1934, just five years after the Great Crash of 1929?

The Dow Jones Industrial Average fell by 89% between September 1929 and July 1932, dropping from 386 points to 41. Stocks and bonds weren’t just cheap… they were destitute and unloved.

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