Earlier today, MarketWatch highlighted the rather blunt investing advice that the 'highly reputable' investing newsletter, The Prudent Speculator, and its editor, John Buckingham, recently offered up to millennial investors:
“If you are 50 or younger, or have 10 years before taking money out, and do not have 100% in equities, you are crazy.”
Former Obama adviser David Axelrod dropped a little more truth on the hosts of CNN's New Day this morning than they were expecting when they asked him to weigh in on Hillary blaming her 2016 defeat on Comey and WikiLeaks. Rather than knocking the softball out of the park by blasting Comey and 'Russian interference," Axelrod decided to say what most people are thinking when he concluded: "If I were her, I would move on."
Authored by Charles Hugh-Smith via OfTwoMinds blog,
You may have seen these charts before, but they tell the story of a middle class in decline.
For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback.
Sterling slumped overnight, and tensions between the UK and Europe escalated after EU negotiators hiked their initial demand for Birtain's Brexit bill over recent weeks, widening the divide between Brussels and London, which in turn questions whether it owes anything at all before Brexit talks start next month.
Several times over the past couple of weeks we've written about various Trump 'flip-flops' on several key issues that took center stage during the 2016 campaign (see: "Trump Flips On Five Core Campaign Promises In Under 24 Hours").