Forever blowing bubbles

Be fearful when others are greedy and greedy when others are fearful. – Warren Buffett Buffett uses this mantra every day, along with his two other ground rules for running his investment firm Berkshire Hathaway: So why does the 90-year-old legendary investor hold these core mantras? One possible answer can be found by considering the history of investment bubbles. One of the first recognised “bubbles” … Continue reading Forever blowing bubbles

Credit card debt is the next big threat to the US economy

In June, US credit card debt reached record levels. The $1.02 trillion in outstanding credit card loans passed the pre-crisis peak set in 2008. Although the US economy is seen to be strengthening in most sectors, some see this as a genuine threat to the stability of the economy, and one which, if realised, would have a disastrous effect on everyone involved. Excessive credit card … Continue reading Credit card debt is the next big threat to the US economy