The world is governed more by appearance than realities so that it is fully as necessary to seem to know something as to know it. ~Daniel Webster Update: This article was featured in the Carnival of Wealth #13 posted at Personal Dividends. Thanks! I used to think that accounting principles were sort of set in… Continue Reading
Tag Archives: bubbles
Time to Stop the Bubble Machine?
Debt and deficits are not inventions of ideology. They are facts of arithmetic. ~Paul Martin, Canada’s finance minister at the start of the country’s “Redemptive Decade” Update: Thanks to The Financial Blogger for choosing this article for the #1 spot in the Best of Money Carnival – My Favorite Money Quote Edition. Usually our Friday… Continue Reading
The Law of Diminishing Returns
You can never get enough of what you don’t need to make you happy. ~ Eric Hoffer Remember when you were a kid and you begged, pleaded with, and nagged your parents to buy you something for months on end? You wanted it so badly. It would solve all of your problems and provide you… Continue Reading
No Respite in Diversification
Invest a few moments in thinking. It will pay good interest. ~ Author Unknown Update: This article appeared in the Canadian Personal Finance and Investing Carnival posted at Investing Thesis. Thanks! We’ve been talking about bubbles all week. So far, we’ve outlined 5 financial bubbles and 5 socioeconomic bubbles that could affect your money and… Continue Reading
5 Financial Bubbles: Are We Facing a Bubble of Bubbles?
Economic advance is not the same as human progress. ~ John Clapham Update: This article was included in the Carnival of Personal Finance #267 at Beating Broke. Thanks! We’ve heard a lot about bubbles in the economic world over the past decade – so much, in fact, that it seems like we might be facing… Continue Reading