Submitted by Mike Shedlock via MishTalk.com,
Former Italian prime minister Matteo Renzi announced today that he would call a PD party congress, effectively putting his role as party leader into question.
In his speech, Renzi stated “Some people wanted a party congress to find an alternative to Renzi-ism. It needs to be done as an alternative to Trump-ism, Le Pen-ism and even Grillo-ism.”
One of the most important traits that an investor can have is patience. Everyone knows this and it makes perfect sense. Patience allows you to be opportunistic and only choose the best opportunities for your portfolio. Despite this common knowledge nearly all investors ignore the most important asset in their portfolio. The most important asset in every portfolio is Cash. Cash is an asset that gives investors optionality and helps improve returns in the future.
Submitted by Thorstein Polleit via The Mises Institute,
The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.
Submitted by Damir Kaletovc via OilPrice.com,
Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their mafia reach is said to extend as far as the Coast Guard - and even into Europe.
Submitted by Jared Dillian via MauldinEconomics.com,
The FOMC recently held its first meeting since Trump took office. But before I get to that, I want to talk about the backdrop to the meeting… Trump’s relationship with Yellen and Yellen’s relationship with Trump.
Trump