Patricia W. Chadwick has had more than 35 years of investment experience. She is the founder and president of Ravengate Partners LLC, a consulting firm that provides advice on financial markets and global economics.
If you are in the market to buy a house, this is as good a time as you may find in the next twenty years to do so.
The markets around the world are rattled silly this morning by the first ever downgrade of the U.S. Government’s debt by Standard & Poors. That is understandable but not, in my mind, rational.
This season, the Republicans seem to be timid – dancing around the arena but not throwing their hats in the ring. Only Mitt Romney has been bold enough to ‘test the waters’ with an ‘exploratory committee’.
There is one valuable card that the Government holds and is using as a gargantuan source of capital: it owns all the land in China. It has developed a sophisticated profit system as the national landlord, reaping cash flow from a long term asset while not relinquishing its ownership.