Authored by David Stockman via Contra Corner blog,
We have previously noted the massive market cap inflation and then stupendous collapse of the Delirious Dozen of 2000.
The latter included Microsoft, Cisco, Dell, Intel, GE, Yahoo, AIG and Juniper Networks - plus four others which didn't survive (Lucent, WorldCom, Global Crossing and Nortel).
Authored by Bill Bonner via InternationalMan.com,
Salvator Mundi, said to be by Leonardo da Vinci, is the world’s most expensive painting.
Last Wednesday, at auction, each square inch was valued at nearly $1 million – including the bummed-up, restored, and damaged parts.
Authord by Alastair Crooke via The Automatic Earth blog,
Robert Kagan first called attention to the fact that America would need to awake from its ‘dream’ a decade ago in End of Dreams: The Return of History, and would have to manage the rise of ‘other’ powers, (some greater than others), with adroitness, if it were to avoid a bad road-crash as emerging competitors clashed with the waning dominant power.
When he was named special counsel in May, Robert S. Mueller III was hailed as the ideal lawman - deeply experienced, strait-laced and nonpartisan - to investigate whether President Trump’s campaign had helped with Russian meddling in the 2016 presidential election.
Nearly two weeks after the Duma, the lower house of Russia’s parliament, approved legislation allowing authorities to designate US-backed media organizations as foreign agents, Russian President Vladimir Putin has officially signed the bill into law.
The law allows Moscow to label foreign media outlets as “foreign agents” in response to Washington’s decision to force Russia Today, a media organization funded by the Russian government that has been operating in the US since 2005, to register as a foreign agent.