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Richard's Remarks


The world’s consciousness is rising, particularly in terms of women and the elderly. General Motors now has a woman CEO – an engineer instead of a finance person – who has been with the company for 33 years. I believe this trend of women in power will be lasting. It strongly suggests that Hillary will be our next president. In another ten years two-thirds of the US population will be over 65 years of age. They will be voting goodies for themselves, but who's going to support all these elderlies? Ah, questions ...


I note that everybody is planning to sell their stocks when the Fed first actually tapers. What happens when everybody tries to do the same thing?


In 1980 debt started to increase much faster than GDP. This has continued and has been a big factor in offsetting deflation. But it cannot continue, since the expanding debt (credit situation) must ultimately ... Log in or subscribe to continue reading.

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