{"id":69911,"date":"2021-11-27T02:15:46","date_gmt":"2021-11-27T10:15:46","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=69911"},"modified":"2021-11-30T13:01:59","modified_gmt":"2021-11-30T21:01:59","slug":"black-coffee-27-nov-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id69911-black-coffee-27-nov-2021.html","title":{"rendered":"Black Coffee: A Deer in the Headlights"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a wonderful week. And with that, let’s get right to this week’s commentary, shall we?<\/p>\n

Deer, in my opinion, are rats with antlers; roaches with split hooves; denizens of the dark primeval suburbs.<\/em><\/p><\/blockquote>\n

— John McPhee<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? After news broke that US inflation hit a 31-year high in October, billionaire investor Ray Dalio quickly took to social media to sound the alarm<\/a>. “The US now is spending a lot more than it’s earning, and paying for it by printing money that is being devalued.” Thanks for that, Captain Obvious.<\/p>\n

\"\"<\/a><\/p>\n

Credit:<\/strong><\/span> After Mr. Dalio finished pointing out what most people with a pulse already knew, he then added this ominous truth: “History shows that when an individual, organization, country, or empire spends more than they earn, misery and turbulence are ahead<\/a>.” As you can see, billionaires wear tin foil hats too. Well … at least the ones who pay attention:<\/p>\n