“I never bought a car as an investment in my life,” explained Jay Leno back in 2015 when a guy offered him $12 million for a McLaren he had bought twenty years prior for $800k (watch the video below for why he doesn’t sell). Gale Warning During Newport’s Concours and Motor Week “I work, and my money sleeps,” says Leno. But don’t think his money’s not working. His money works. He simply gives it plenty of time and space to compound and to do its thing. Time to Get Your Lazy Cash Off the Couch Now, if you’re a regular here at YourSurvivalGuy.com, you know how frustrating lazy … [Read more...]
Archives for October 2022
Contagion Hits China’s Property Markets
Chinese investors and home buyers are facing a contagion of bad news in China's property markets. The Financial Times reports: Contagion is spreading into the deep tissue of China’s political economy. What began as a property crisis — characterised by slumping apartment sales and a rash of debt defaults by developers — is now morphing into a financial crunch at the local government level. A new world of difficult choices looms before Chinese policymakers as a crucial congress of the ruling Communist party this month looks set to award another term in office to Xi Jinping, China’s … [Read more...]
Gale Warning During Newport’s Concours and Motor Week
Happy Monday from Your Survival Guy. What a weekend. Weather-wise a rainout, which is a shame because it was Newport’s Concours & Motor Week—celebrating the history of sportsmanship and motoring. Your Retirement Life: The New Mustang Arrives Here was the forecast Sunday morning: “Gale Warning in Effect through Monday Morning, at 7:02am EDT Sunday Oct. 2, 2022. Northeast winds 25 to 30 knots with gust up to 40 knots, seas 6 to 9 feet, a chance of showers, mainly this morning.” Trying to Reason with Hurricane Season Not exactly the weather you want to showcase your … [Read more...]
Is China’s Looming Population Decline Going to Cripple Its Ambitions?
Just as China seems poised to inherit global leadership, it's facing a massive demographic challenge—it has too many old people. China's long-running one-child policy achieved its goal and turned China's population charts into an upside-down pyramid, with a small young population, and a large older population. Now the results are catching up to the Middle Kingdom. Elanor Olcott reports in the Financial Times: China’s president Xi Jinping is poised to secure an unprecedented third term as leader at a congress of his Communist party this month, but behind the political theatre a broader shift … [Read more...]
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