How to lose less if there is inflation?
no money in Bonds & deposits, cash etc... most in stocks (some stocks can do very well), Gold, houses, bitcoins, commodities etc...
what could ruin my way of life fast?
besides lack of health if oil price doubles that would ruin my way of life, not my life of course but I would do much less. Mobility is key for my way of life.
I need to make money when there is inflation because all sort of bad things happen when inflation exists, insecurity, robbery, etc...
Is there a reason to think inflation might come back? YES
How can USA be competitive?
they can't
USD must fall
We have control over the way we react to what happens to us, yes we can control this. Only this. The rest is out of our hands.
Of all men's miseries the bitterest is this: to know so much and to have control over nothing.
Herodotus
“The strength that comes from human collaboration is the central truth behind civilisation’s success and the primary reason why cities exist we must free ourselves from our tendency to see cities as their buildings, and remember that the real city is made of flesh, not concrete.”
— Edward Glaeser
Cities don't make people poor; they attract poor people. The flow of less advantaged people into cities from Rio to Rotterdam demonstrates urban strength, not weakness. A wealth of research confirms the importance of face-to-face contact. Edward Glaeser.
From John Brokman
And in fact, one of the great things about cities is that it supports crazy people. You walk down Fifth Avenue, you see crazy people. There are always crazy people. Well, that's good. Cities are tolerant of extraordinary diversity. ...
This is in complete contrast to companies. The Google boys in the back garage so to speak with ideas of the search engine, were no doubt promoting all kinds of crazy ideas and maybe having even crazy people around them.
Well, Google is a bit of an exception, because it still tolerates some of that. But most companies start out probably with some of that buzz. But the data indicates that at about 50 employees to a hundred that buzz starts to stop. A company that was more multi dimensional, more evolved, becomes uni dimensional. It closes down.
Cities nurture anonymity, which liberates people to pursue their dreams. they are magnets for individuals and business.they are diverse, in terms of activities they support, skills they generate, and populations they attract. They create economies of scale and scope. They produce complex networks of exchange, including with other cities. Not least they can supply transportation, communications, water supply, sewerage, energy, health and other services far more efficientely than either rural or sprawling suburban areas.
Martin Wolf
