The first thing I heard when I got in the business, not from my mentor, was bulls make money, bears make money, and pigs get slaughtered. I’m here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being […]
And… we have first round of [long-expected] capital controls in Greece.
Despite the massive expansion of The Federal Reserve’s balance sheet, average wage growth is low and real median household income is still below 2007 levels.
According to CoreLogic, cash sales made up 38.9 percent of total home sales in January 2015, down from 41.4 percent in January 2014.
The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance.
Japan’s Economy Minister Amari, “pressed the U.S. to further open its car-parts market.”
Breuer asserted that the SDIs are too big to prosecute even when they commit massive frauds for many years
At the end of last October the Bank of Japan announced a large stimulus increase which was followed by a sharp decline in the yen. In 2015 however the declines have stopped as USD/JPY remains range-bound.Source: barchartMoreover, the trade-weighted yen…
It does not matter whether Greece remains in the Euro or not.
Another brick in the wall. The Fed’s zero interest rate policy has really benefited the wealthy relative to the middle class. Now we learn that new start homes have hit a brick wall.