“There are two ways to enslave a country. One is by the sword. The other is by debt.” – John Adams

The personal savings rate in the US averaged 4.5% in 2025. History since 1959...

The government says inflation is “coming down.” But we’re still borrowing $2-3 TRILLION a year in good times

Year to date performance of S&P 500 market sectors. Source: Apollo

Even with the surge in Korean stocks, the KOSPI remains below its historical average NTM PE valuation. Via Goldman Sachs