Three Kinds of Operations There are three types of businesses, from a purely financial standpoint. There are hard money profitable businesses. They spend money on raw materials, and turn those raw materials into higher order goods, and make a profit. Then there are businesses based on debt. These are businesses that […]
Echo Bubble
Real Estate Research The other day I was watching a very interesting news report on what is called or what they were calling a echo bubble from the first housing bubble. If you look back in history at all the previous bubbles, the tulip bubble, the South Sea bubble, the Mississippi bubble, all of […]