I am not certain I agree 100% with everything being said but the overall thrust is positive. The emphasis added is mine. Charles Hugh Smith Readers often ask me to post something hopeful, and I understand why: doom-and-gloom gets tiresome. Human beings need hope just as they need oxygen, and the destruction of the Status…
As the New Year approaches we begin to get our usual raft of predictions for the coming year. This is a a corker – someone clearly has a firm grip on their crystal balls.
This article has apparently been around for some time but I have only just stumbled across it (note to self pay more attention) Apparently the I/B/E/S database that is maintained by Thompson Reuters is subject to extensive rewrites designed to portray analysts in a much better light. Comparing two snapshots of the entire I/B/E/S analyst…
If you want a neat encapsulation of how financial markets work and the inanity of much of what goes on and the post-dictive rationalisation that everyone employs. Then you should treat yourself to a New Years present from KAL a cartoonist for Economist
Its funny how things never really change – I used to know people like this in the 1980s when I was a broker. In fact it was decision to try and throw one of them out of a window that made me seriously consider my career in the sell side of finance. Did I mention…
I am not a big motivational type of guy – in fact I think that motivational speaking is largely a load of bollocks. It is a akin to loading a two year old every preservative known to mankind and then watching them zoom around like a fly in a bottle. However, I think people who…
“Can you eat gold? No. You can eat and barter Spam” Nouriel Roubini, economist, Dec 14 2011 I do note that bread may actually have been a better investment than Gold as well. In 1980 the average cost of a generic loaf in Victoria was $0.54 – today this price can be as high as…
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