Business

Retail may be hurting, but fashion seems to be thriving: just ask Victoria Beckham - the luxury empire, not the woman - who just got a $40 million investment from Neo Investment Partners, a firm run by a former Goldman banker. According to the NYT, "after years of speculation that her fast-growing namesake fashion brand was a prime takeover target, it was announced on Monday that Ms. Beckham had received £30 million, or almost $40 million, from the private equity firm Neo Investment Partners in exchange for an undisclosed stake in the business."

Everywhere one looks, inflation is roaring.

Oil is about to hit $60 a barrel, having risen 10% this year alone.

Moreover, home prices have hit new all-time highs, surpassing even their 2006 peaks.

Don't forget that inflation expectations are breaking out to the upside as well.

Put simply, inflation is appearing all over the economy. And yet, the Fed continues to peddle the ridiculous assertion that inflation is "too low."

Why then... are they pushing to hike rates again, for the fourth time in the last 12 months? What do they see?

The price of the largest cryptocurrency soared 16% over the weekend, bursting through $8,000 and $9,000 at a record pace and nearing the Maginot Line so many predicted at $10,000.

image courtesy of CoinTelegraph

$0000 - $1000: 1789 days$1000- $2000: 1271 days$2000- $3000: 23 days$3000- $4000: 62 days$4000- $5000: 61 days$5000- $6000: 8 days$6000- $7000: 13 days$7000- $8000: 14 days$8000- $9000: 9 days

Bitcoin highs over the weekend at $9,721...

While many have repeatedly warned over the past year that the record gains in credit are simply too good to stay - especially in Europe where yields and spreads have collapsed largely thanks to the ECB's relentless purchases of corporate debt, with the central bank announcing on Monday it held a record €127.7bn in bonds under its CSPP program - few are as bearish on credit as Morgan Stanley, which today issued ots 2018 US Credit Outlook which is, in a word, "dire."

BRICS Gold Trade Settlement To Begin in 2018?

Posted with permission and written by Rory Hall, The Daily Coin