Let us start with talking about bad money, by which I mean the US dollar, the euro, the Japanese yen, the Chinese renminbi, the British pound, the Swiss franc, and basically all official currencies. Q1 hedge fund letters, conference, scoops etc jaydeep_ / Pixabay They all represent fiat money. The term fiat [...]
Jan Koum had a rough upbringing. At 16, he immigrated from Europe to the United States with his mother and grandmother, who were fleeing political unrest and religious persecution. Jan’s mother got a job as a babysitter in California while Jan went to school and worked at a grocery [...]
If you enrolled at university today, you would find economics modules filled with mathematics and statistics to explain economic phenomena. There would also be next to no philosophy, law, or history, all of which are much more important to understanding the way our world works and how it impacts [...]
Peter Schiff took to Twitter the other day to blast Bitcoin yet again. This is hardly new for the Gold Evangelist, as Schiff has essentially made his entire living promoting the return of the gold standard and investing in the precious metal. This time, however, Schiff pointed to the [...]
The Social Security trustees issued their annual report on the program’s financial condition earlier this year, along with their companion report on Medicare. As in previous years, these reports contain sobering news that lawmakers and the public need to know. Q1 hedge fund letters, conference, scoops etc The trustees who authored [...]
For an agency that shies away from consumer guarantees and on-time deliveries, the United States Postal Service (USPS) is insistent that their business plan will be released by June 15. However, taxpayers and consumers shouldn’t be too confident that USPS will actually deliver this report (it’s probably best if they [...]
This summer, thousands of moms and dads will load their children onto buses and hug them goodbye as they head off to camp to pursue their childhood dreams. Many of these kids will devote their time to practicing their curveballs and base stealing on the diamond. Undoubtedly, all of [...]
I learned late last night that my boss for two years at the Council of Economic Advisers, Marty Feldstein, died yesterday. He was only 79. Q1 hedge fund letters, conference, scoops etc Image source: Bloomberg/YouTube Video Screenshot Marty, who was probably the world’s foremost health economist in the 1960s, took a risk [...]
As federal marijuana prohibition slowly fades away into the depths of history, the burgeoning legal recreational cannabis market is poised to usher in a green rush for the US economy. And while many are excited about the fiscal implications of this entirely new economic sector, and rightfully so, there [...]
While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk, Cuba is now implementing a rationing program to combat its very own shortages of basic goods. A CBC report indicates this program would cover basic items such [...]
The latest jobs report showed a lackluster gain in jobs in May that was worse than economists had predicted. Q1 hedge fund letters, conference, scoops etc Free-Photos / Pixabay While the sudden slowdown in jobs growth after many months of strong numbers is worrying and signals a weakening economy, a more long-term [...]
Despite the accumulation of nearly ten years worth of evidence that the U.S. government cannot make money from its student loan business despite having a near monopoly in it, it may soon get into a whole new lending racket. Q1 hedge fund letters, conference, scoops etc Photo by stevepb (Pixabay) Disguised Taxpayer [...]
I've been listening to Mark Spitznagel’s The Dao of Capital, which is three parts philosophy, two parts history, and one part investing advice, so if you’re into that sort of thing and don’t mind the same concept hammered home in a dozen different examples across multiple categories, you will [...]
Platform or publisher? Private or public? Q1 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay On May 15, the White House tweeted, No matter your views, if you suspect political bias has caused you to be censored or silenced online, we want to hear about it! The tweet linked to a 16-part form [...]
Back when the great Phil Knight was building Nike from the ground up, liquidity was a persistent worry for him. More realistically a nightly one. Blue Ribbon’s (the original name for Nike) bank didn’t trust its sales, so it kept a tight credit leash on Knight. On the other [...]
In her work The Voice of Reason, Ayn Rand once taught that Q1 hedge fund letters, conference, scoops etc Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, [...]
Today, conventional discourse leads us to believe that the Great Depression was created by a failure of laissez-faire economics—by a failure of the free market and an unregulated economy. This is the narrative that has been constructed and is now perpetuated in all classes of political science and history [...]
Earlier this week the US Census Bureau released a report that reveals how much US school districts spend per-pupil. Here are seven figures from the report you should know: Q1 hedge fund letters, conference, scoops etc borevina / Pixabay The amount spent per-pupil for public elementary and secondary education (pre-kindergarten through 12th [...]
What do the companies in these three groups have in common? Q1 hedge fund letters, conference, scoops etc Group A: American Motors, Brown Shoe, Studebaker, Collins Radio, Detroit Steel, Zenith Electronics, and National Sugar Refining. Group B: Boeing, Campbell Soup Company, Colgate-Palmolive, Deere & Company, General Motors, IBM, Kellogg Company, Procter and [...]
Criticizing the euro and the monetary policy of the European Central Bank (ECB) is often left to opponents of the EU today. Being unquestionably pro-euro is among the prerequisites in political discussions to be seen as pro-European; any doubts are not part of allowable opinion. Q1 hedge fund letters, conference, [...]
The truce in the U.S.-China trade war is in tatters. Q1 hedge fund letters, conference, scoops etc geralt / Pixabay China said on May 13 that it will impose new tariffs on a range of American goods in retaliation for President Donald Trump’s decision to raise duties on US$200 billion in Chinese [...]
When I was your age, I used to go to the movies for a dime. I’d get a big bag of candy for a nickel. Q1 hedge fund letters, conference, scoops etc RitaE / Pixabay I still remember my father saying those words as I headed off to the movies in the [...]
