Remember when bashing central banks and predicting financial collapse as a result of central bank manipulation and intervention was considered "fake news" within the "serious" financial community, disseminated by fringe blogs?
Good times.
Submitted by Danielle DiMartino Booth via Money Strong,
Mention Preppies and visions of Izods with popped collars and boat shoes may come to mind. The Official Preppy Handbook, published in 1980, regaled readers with the “merits of pink and green,” instructing that, “socks are frequently not worn on sporting occasions or on social occasions for that matter. This provides a year-round beachside look that is so desirable that comfort may be set aside.”
Submitted by Brittany Hunter via The Mises Institute,
Cheering for the home team can unify communities divided by politics, economics, and personal differences. However, this unification can come at a high cost, one that will inevitably fall to the taxpayer. While it is typical for professional athletic associations to use tax dollars to pay for their stadiums, arenas, or other venues of choice, public subsidies are not the only means to this end, nor are they the most efficient.
Below we present an insightful, if disturbing, anecdote from Eric Peters, CIO Of One River Asset Management, who shares his view in his traditional "third-person" style about what life may be well be like for traders over the next 4 years under the Trump administration.
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Beep Beep
The financial world is awash with claims that the Gold bull market is over.
For certain the sell-off in the precious metal has been brutal with Gold taking out critical support.
However, worries about the precious metals’ bull market are overdone.
First of all, Gold is a very volatile asset class. This is obvious, but you’d be amazed how many investors forget this. It is not uncommon for Gold to move 3% in a single day. And 5% weekly moves are not uncommon.