ACC Archives

Month: May 2015
McDonald’s & The Minimum Wage (Video)

As we’ve said before, raise the minimum wage above what the real wage should be for an unskilled worker and one is just creating havoc in the economy. Margins are closed or erased. Stores close. Prices go up. Jobs are...

CNBC: When it can be illegal to withdraw your own money

Capital controls are already a reality in some places on the western periphery. There is talk among some economists about abolishing cash. How long until the Federal Reserve notes in your account are there permanently or semi-permanently? You already can’t...

A Tale Of Two Bubbles: China vs Nasdaq

Sometimes 2 trends will look eerily similar for a good long while and then the 2 trends will diverge. We’ll see in this case. However there is a very good case to be made for a Chinese stock bubble, hell,...