Is this what we have to look forward to?
1. Ban cash2. All-digital currency3. No more crime4. -10% rates5. 70% deposit tax6. 20% "Bail-In" Charge7. You're broke8. Unicorns
Because less (freedom) is more, right?
h/t @RudyHavenstein
Last month, in our latest profile of the $2.8 billion Horseman Capital, we said that not only has that fund which some have called the "most bearish in the world" generated tremendous returns almost every single year since inception (except for a 25% drop in 2009 after returning 31% during the cataclysmic 2008), but more notably, it has been net short - and quite bearish on - stocks ever since 2012. In that period it has consistently generated low double-digit returns, a feat virtually none of its competitors have managed to replicate.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Wow…things are certainly happening faster than I expected. As January kicked off the new year, I posted my outlook for 2016 in which I discussed why, despite views of Goldman Sachs and many others, interest rates were going lower rather than higher.
And all of this on a Dudley statement (that said nothing), an oil rumor (repeatedly uttered with no actual news), a billionaire bank CEO buying some more stock in his firm, and a seasonal adjustrment (which made retail sales 'appear positive')...
Public Service Announcement:
Submitted by Martin Armstrong via ArmstrongEconomics.com,