Author Archives: John Thomas

Globalization: Economics No Longer Adds Up

Just when you think you have something figured out the dynamic of change kicks in. Not to worry students, as they probably won’t be re-writing your textbooks just yet. This is mainly because they are not sure what to write. The U.S. economy and those of other wealthy nations have run with a combination of basic supply and demand (firms ...

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Are You the Victim of Chinese Counterfeit Products?

From golf clubs to sneakers, the Chinese have been counterfeiting our patented products for years. The advent of the internet allowed people like me to find what looked to be Ping golf clubs made under a different name in China for a fraction of the price. The same holds true with Nike Jordon’s and Chanel handbags. Most purchasers are unaware ...

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Save Auto Industry? Cripple the American Middle Class

There was a time thirty or forty years ago where the thought of paying for a car with anything other than cash was an illusion. As the Japanese dumped their Datsuns and Hondas into the U.S. in the ’70s and ’80s, American manufacturers had to innovate. Not only with design, style and gas efficiency, but making their brands financially affordable. ...

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Just When you Thought it was Safe to Swim in the Bitcoin Waters

Perhaps you have wet your toes by speculating with bitcoin or its smaller brother on the CME, XBT. After all, the Chicago Mercantile Exchange (CME) offers very legitimate and highly regulated derivatives from energy and interests rates to agriculture. These markets allow producers the ability to hedge their underlying positions on products, such as cotton or a stock portfolio. I ...

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Will your Insurance Company be around for the Next Disaster?

Hurricane Dorian was one of the most unbelievably tragic natural disasters of all time, causing loss of life and financial damage in the billions of dollars. Warren Buffett became one of the richest men in the world utilizing premiums received by his Berkshire Hathaway Insurance company. One has to ask the question if such premiums today will cover the catastrophic ...

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By 2035, 1 Trillion Computers will be Embedded in your Life

I remember seeing the Tom Cruise film Minority Report in 2002 with flying cars and cereal boxes that came alive, and wondered how that could all happen. I still don’t quite get it, but I know it has something to do with computers, 1 trillion of them. The interconnectivity of society will be beyond a scale we can imagine. Even ...

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What Recession? Small Businesses are doing Great!

I was talking to one of my neighbors this week and she asked me about the looming recession and when the stock market was going to crash. I paused for a moment, and then remembered that she is a disciple of fake news, brought to her daily by her favorite alphabet news station. You have two choices of response here. ...

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Don’t Get Screwed by Your Own Bank when Traveling Abroad

This article was written because a friend of mine was traveling overseas and his bank cut him off for ‘security’ reasons. In a third world country and unable to use his usual telephone, he had no recourse. He could have gone to jail if his hotel hadn’t previously charged his card.  Since he was unable to pay credit card accounts, ...

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