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Move Over Entrepreneurs, Make Way for Speculation!

  Wealth and Income Once upon a time, before banks and before even private lending, there was only one way to prepare for retirement. People had to hoard something durable. Every week, they would set aside part of their wages to buy salt (later, it was silver). Assuming it didn’t get wet, the salt accumulated […]

Panic Now! Avoid The Rush

How many times have you heard or read this in Big Media the past few days? “Don’t panic. It’s just a correction.” Since it’s, “As seen on TV!” it must be good advice, right? “10% is an official correction,” the big media pundits tell you. Apparently, the 10% Rule was passed by Congress, signed by the…

A Perfect Storm?

  Greece is Still Lying in Wait … We haven’t written much about Greece recently, but there have actually been a few developments worth paying attention to. Several easily foreseeable things have indeed happened in the meantime: Prime minister Tsipras felt forced to call a snap election after securing the first bailout tranche, the radical […]

Senator Chuckles Schumer——Warmonger From Way Back

Schumer’s insistence on maintaining economic sanctions against Iran supports the undisguised neoconservative agenda of regime change in Iran. Critics of Schumer’s position have demonstrated that his arguments against the deal are disingenuous and misleading. So were his arguments for regime change in Iraq, starting with his bogus claim that Saddam Hussein’s “vigorous pursuit of biological, chemical and nuclear weapons” made him a “terrible danger to the people to the United States.”

Contra Club

Move Over Entrepreneurs, Make Way for Speculation!

  Wealth and Income Once upon a time, before banks and before even private lending, there was only one way to prepare for retirement. People had to hoard something durable. Every week, they would set aside part of their wages to buy salt (later, it was silver). Assuming it didn’t get wet, the salt accumulated […]

Panic Now! Avoid The Rush

How many times have you heard or read this in Big Media the past few days? “Don’t panic. It’s just a correction.” Since it’s, “As seen on TV!” it must be good advice, right? “10% is an official correction,” the big media pundits tell you. Apparently, the 10% Rule was passed by Congress, signed by the…

A Perfect Storm?

  Greece is Still Lying in Wait … We haven’t written much about Greece recently, but there have actually been a few developments worth paying attention to. Several easily foreseeable things have indeed happened in the meantime: Prime minister Tsipras felt forced to call a snap election after securing the first bailout tranche, the radical […]

Perfect Storm Of Worldwide PMI Slippage

Today was, apparently, the perfect storm of downbeat PMI’s. As usual, sentiment surveys have limited value except in cases of outliers or in unanimity. There was some of both across the world’s manufacturing updates. First, which was certainly most watched, China’s PMI fell to a three-year low below 50, further suggesting that there isn’t yet…

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