You are here

Business

99 Problems But Cash Ain't One: Jay Z To Launch Venture Capital Fund

99 Problems But Cash Ain't One: Jay Z To Launch Venture Capital Fund

Offering up the most definitive evidence yet that global markets are in the midst of an epic bubble, particularly the tech market with its multi-billion dollar valuations being handed out to every 20-year-old millennial with moderate programming skills and a dream of snapping selfies that automatically transpose ones face with that of a lemur, Jay Z (a.k.a. Shawn Carter) has decided to launch his own venture capital fund.

Per Axios, Jay Z will be partnering with Sherpa Capital and will focus on "seed-stage" tech investments.

The Hope For A "Greater Fool"

The Hope For A "Greater Fool"

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Last week Frank Chaparro penned an interesting note:

“It looks like this bull market just won’t quit. Friday marked the 2,003rd trading day since the stock market rally began back in 2009, making it even longer than the bull market that preceded the 1929 crash.

 

Mexican Peso Soars To Highest Level Since Trump Election After Banxico Adopts $20 Billion Hedge

Mexican Peso Soars To Highest Level Since Trump Election After Banxico Adopts $20 Billion Hedge

At the start of January, when the Mexican Central Bank spent $2 billion to defend its currency in a rare intervention in the spot market, and which lasted just a few hours before the selling resumed, Goldman analyst Albert Ramos had some advice for Banxico: don't use reserves to defend the Peso as Mexico would have greater need for them elsewhere.

:

Pages