Foreign Interest in U.S. Homes Cools (WSJ) Ex-ECB Banker Stokes Europe's Banking Panic (ZeroHedge) Gross to Central Bankers: Take a Lesson in Credit From Monopoly (Bloomberg) Walmart has an entire campaign to help shoppers cut the cord (MarketWatch) How This Fortune 500 Company Got NASA's Juno to Jupiter On a Low Budget (Fortune) … [Read more...]
Archives for July 2016
Big Money, Big Costs
Great piece by Jason Zweig of the WSJ on the trouble with private equity funds: Trying to get your money out. For years now, big banks and brokerage firms have been urging their wealthiest individual clients to get into private-equity funds. Buying such a prestigious fund can make you feel like a big cheese with privileged access to the high returns corporate deal making can generate. Trying to sell one, however, can make you feel like a tiny mouse in a giant glue trap. Consider J.C. Flowers II L.P., once one of the most glamorous of the buyout funds. By July 1, investors must decide … [Read more...]
The Pound Loses 31 Years of Value
Brexit fears have driven the pound-dollar exchange rate back to levels not seen since 1985. … [Read more...]
Worthy Reads: The Shale Boom’s New Winner: Propane
The Shale Boom’s New Winner: Propane (WSJ) This economist thinks China is headed for a 1929-style depression (MarketWatch) Italy’s Banks Loom as Europe’s Next Crisis (WSJ) Gold Miners Celebrate Marvelous Year With ETFs (FoxBusiness) Loan Market Pulls Back (WSJ) A Prime Minister, a Referendum and Italy’s Turn to Get Worried (Bloomberg) … [Read more...]
“So I Thought I Would Teach Myself About…”
The Newport Daily News had a wonderful feature on Middletown, RI resident, Pete Babcock, whose 42-year career in the NBA culminated in a championship with the Cleveland Cavaliers. Babcock got his start when he dropped out of law school. “I always was enamored with the NBA, and the Phoenix Suns were a relatively new team,” Babcock said. “They started in 1968 as an expansion team. In those days you could buy a general admission ticket for $3.50 and there were like 3,000 people at the game, so you could go sit anywhere you wanted to sit. I just thought if there were anything in the world, this … [Read more...]
Happy Independence Day!
Worthy Reads: Fed’s Fischer: We have no plans to try negative interest rates
Fed's Fischer: We have no plans to try negative interest rates (CNBC) Puerto Rico to Default on Guaranteed Debt (WSJ) Spain Runs Out of Workers With Almost 5 Million Unemployed (Bloomberg) Fed’s Mester doesn’t want to wait too long for next interest rate hike (MarketWatch) Futures Stumble As Global Bond Yields Drop To All Time Lows, Precious Metals Spike (ZeroHedge) … [Read more...]
New Record Low Yield for 30-Year Treasury
Thirty year Treasury rates are the lowest they've ever been at 2.25%. … [Read more...]
Help Isn’t Coming!
“Help Isn’t Coming!” heads the introduction to The Ultimate Situational Survival Guide. “It may sound harsh, but the reality of most crisis situations is that you’re going to have to be your own first responder.” And that in a nutshell is how I want you to think about your money and your investments. As your survival guy I’m taking full responsibility to provide you with all of the information I believe is necessary to help make you a better survivalist. The minute you start thinking this way, as a survivalist, the minute your entire view of the world changes. It happens that fast. Your job … [Read more...]
Van Morrison’s Keep It Simple
Van the Man’s Keep It Simple: Whoa we got to get back to something simple just to save yourselves Well got to get back to something simple just to save yourselves Well you got to keep it simple, keep it simple just to - and that's that … [Read more...]
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