A very informative and insightful video by Ron Insana. He was able to see the real estate bubble building up during end of 2002, which was probably the early stages of the real estate bubbble, which peaked 5 year later by end of 2007, followed by crash in 2008. A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation. Continue reading
As is often the case with any form of government, there are only so many resources to go around, especially in a country as large and diverse as the United States of America. Naturally, in a country where the government determines where and how its resources are divided amongst the many causes and interests of its people, there are various special interest groups and corporations that try to influence the government in its decision-making. This process is known as lobbying, and for better or worse, it plays a major role in American politics.
Controversial in nature, lobbying is typically carried out by well-connected advocates, lawyers, or ex-government officials, who are paid to use their influence with politicians and other public officials to sway political favor one way or another. The connections these lobbyists have with said bureaucrats is often of a very personal nature, and in some cases these relationships span the course of several years or decades, if not their entire life. Continue reading
In business, advertising is often critical to success and companies will go great lengths to promote their product(s) or service(s). These days, no matter where consumers are, advertisements are everywhere. From billboards to buses and even their own phones, consumers are constantly barraged by advertisements, whether they like it or not. With the dawn of social media in an age of information, companies have found ways to incorporate themselves into consumers’ very lives, with their incessant need to promote as strong as ever. Continue reading
Adversity is defined as a state, condition, or instance of serious or continued difficulty or adverse misfortune. That said, adversity can mean a lot of things to a lot of people.
“To be, or not to be, that is the question– / Whether ’tis Nobler in the mind to suffer / The Slings and Arrows of outrageous Fortune, / Or to take Arms against a Sea of troubles, / And by opposing end them?” — Shakespeare’s Hamlet, Act III, Scene I
For Shakespeare, adversity meant nothing more than the world around him, the only obvious end to it being suicide. However, suicide is a very permanent solution to the often temporary troubles of the world, and Shakespeare understood this to be true. In the aforementioned quotation, his character Prince Hamlet broods over that which is unfair and unpleasant, offering his critique of the human experience but eventually coming to the realization that the alternative isn’t much better. Continue reading
When crafting a business partnership, it’s important to take a number of things into consideration, especially if a partnership is expected to stand the test of time. Business partnerships are established for many reasons, but of course when going into business with someone, it’s important to trust them. Trust can be a hard thing to develop, but a partnership isn’t much of a partnership without a degree of trust.
When forming a partnership, both parties should spell out exactly what their expectations are and what they’re contributing, and more importantly get all of that in writing on a legally binding partnership agreement. This way if either party steps out of line, they can hold each other accountable. Continue reading