1.

I go to San Diego for 8 days and go out every night for dinner. Every night I asked for a summer beer. How many times did the establishment have a summer beer? The answer is zero. More proof that So. Cal. does not have 4 seasons…

2.

Here’s a very simple rule of thumb: If your used car is appreciating in value, there is something very wrong with the monetary system…

3.

Who do you think wins this battle? A decentralized cryptocurrency or centralized digital currencies controlled by the most indebted governments in history?

4.

My daughter has an internship with an acquisition firm that’s #1 priority is to get “big.” 2nd priority is to purchase companies at a reasonable multiple, which hardly exist. She’s involved in every transaction, even penning Letters of Intent and listening to acquisition conference calls. Is she learning a lot? Well yes; and no. She is learning, but she is learning in a world with a fake backdrop. Companies borrow funds at an artificial 1.5% to purchase companies. I ask her would the transaction still work if the funds were borrowed at 5%? No they wouldn’t. No one would sell at the lower valuations. Again, just another consequence of a Fed-controlled world. She now understands the world. It must be so fun being my daughter…

5.

Will your clients know when to get out of these crazy markets? Will you simply remind them that markets bounce back to higher highs just like they’ve done since the Great Depression? Or will this time be like Japan 1990? Maybe you can call senior clients and move some appreciation to safety?