John T. Reed’s news blog

Reed’s rule #1 in my Reed’s Rules of Real Estate Finance Is “Simple is better than complex.” Those rules are in my book Fundamentals of Real Estate Finance. Many readers of my book How to Protect Your Life Savings from Hyperinflation & Depression, 2nd edition, have asked what I think about using ETFs to hedge against USD hyperinflation. I said I did not like them because they are unnecessarily complicated and because they have a higher degree of political risk—maybe huge political risk. I was also concerned that they are relatively new and have not been tested in multiple crises....

Pundits who ought to know better are defining anchor babies as babies born to illegal alien couples who come to the U.S. late in their pregnancies for the sole purpose of having a baby to make the baby an American citizen. Parents often here legally Some are, but many, maybe most, are born to LEGAL aliens called tourists—tourists who have not yet overstayed their tourist visas. The legal status of the non-U.S.-citizen parents is irrelevant. If I were a foreigner, from any country, not just Latin America or China, I would deliberately bring my pregnant wife to America late in...