Authored by Joe Withrow via InternationalMan.com,
Eli’s mother was dying from cancer.
Eli is 33 years old. He owns a shoe store in Caracas, Venezuela. His mother has bone cancer.
Venezuela’s currency is the bolivar. It lost 62% of its purchasing power in February. (It lost 67% the month before that.)
That means prices for everything (food, water, and utilities) increased 62% over a month.
Eli couldn’t afford his mom’s medication. So he turned to bitcoin.
US stock market investors as the debt ceiling deadline looms... (if you just looked up, you'd see it coming)
Surveying the post-Trump damage...
Authored by Mohamed El-Erian via Bloomberg.com,
"Everybody has a plan...until they get punched in the face."
-Mike Tyson
Paul Alster has an interesting story this month in The Jerusalem Post. It begins by informing us that...
"A fierce battle is being waged in the north of Israel."
Then goes on to say...
Yesterday, when stocks surged at the market open following Politico's report that Trump is unexpectedly "making strides" on tax reform, we warned that "it can all be wiped away as soon as tonight, when Trump will deliver a speech to his "base", in which he may promptly burn any of the goodwill he created with capital markets following his far more conventional Afghanistan speech last night."Well, that's precisely what happened, because on Tuesday night, in another fiery campaign rally, Trump fiercely defended his response to violence in Charlottesville, made passing remarks from a