Well, You Know, I Was A Human

The Lower Interest Rates Fueled Housing And Consumption Booms In Countries Such As Spain And Ireland. At The Same Time, Germany, Struggling With The Burdens Of Reunification, Tightened Its Belt And Became More Competitive. All This Led To A Wide Divergence In Economic Performance. Europe Became Divided Into Creditor And Debtor Countries.

What Works For Germany Can't Work For The Rest Of Europe: No Country Can Run A Chronic Surplus Without Others Running Deficits.

The Ultimate Asset Bubble Is Gold.

To Others, Being Wrong Is A Source Of Shame; To Me, Recognizing My Mistakes Is A Source Of Pride.

Investors Operate With Limited Funds And Intelligence, They Do Not Need To Know Everything. As Long As They Understand Something Better Than Others, They Have An Edge.