Authored by Alberto Gallo via WEForum.org,
The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life."
Yet the idea that every American has an equal opportunity to move up in life is false.
In a whimsical, 100+ page report, meant to literally drum up interest in investing in an entirely new frontier, Bank of America tries to address the untapped "space" opportunity from the perspective investors. The Primer "sets out the challenges and opportunities posed by Space" and, predictably, concludes that lots of money is to be made, just call now to book your piece of timeshared monorail equity as "we are entering an exciting era in Space where we expect more advances in the next few decades than throughout human history." More:
Blain's Morning Porridge, Submitted by Bill Blain of Mint Partners
Why we should be very nervous about corporate bonds
“Before the fiddlers have fled, before they ask us to pay for the bill and while we still have the chance.…”
Authored by James Howard Kunstler via Kunstler.com,
It must be exciting to wake up on a gilded bed somewhere in Riyadh and realize that you are Saudi Crown Prince Mohammad bin Salman, mover and shaker of Middle East order. Actually, exciting just to have woken up at all.
Perhaps Prince MBS checks to make sure that there aren’t seventy-two virgins in the room before he rises to prayers, state business, and the prospect of World War Three.
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated.