The Submerging Market Economies

Renewed currency weakness in Argentina and Turkey should be raising red flags about the risks that the emerging market economies could pose to the global economic recovery in the year ahead. Q1 hedge fund letters, conference, scoops etc Edu_Ruiz / Pixabay This would seem to be especially the case considering the disappointing [...]

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Amazon Has No Business Building The Pentagon’s Cloud

Amid growing concerns that Amazon improperly influenced the bidding process for a Pentagon cloud computing contract, the Department of Defense recently announced that it has agreed to review the charges. These damning allegations must be investigated to the fullest extent, and if proven true, Amazon must be held accountable with more than a [...]

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Modern Monetary Theory, A Bad Number

Some valuable advice was given to me when I began talking to policymakers almost 40 years ago: Elected officials have flytrap minds. Never put in a number that might turn out to be wrong, because you will never be able to pull that number out again — especially if [...]

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A Currency Straitjacket For China

Proposing a currency straitjacket for a highly unbalanced economy is not a good idea. Yet that is precisely what the Trump administration is insisting on for China in its continuing trade negotiations with that country. This does not bode well for China’s long-term economic growth outlook. It also could [...]

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Italy’s Threat To The Global Economy

Something is going very wrong with the Italian economy, the Eurozone’s third-largest economy and the world’s third-largest sovereign bond market. Q4 hedge fund letters, conference, scoops etc Hans / Pixabay After the briefest and weakest of economic recoveries, the Italian economy has again succumbed to an economic recession for the third time [...]

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How Severe Will The Next Recession Be?

Calling the precise time of the next global economic recession is notoriously difficult. However, the same might not be true of calling how severe the next recession might be when it eventually occurs. Q4 hedge fund letters, conference, scoops etc geralt / Pixabay This would particularly seem to be the case in [...]

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For 12 consecutive years USPS has lost money, accruing cumulative net losses of $69.0 billion And Losses are accelerating despite strong economy

Imagine if a one-week partial government shutdown led to plunging stock prices with calls to close the markets, panic among businesses that were not getting paid and a presidential declaration of a national emergency, including mobilizing the National Guard. This happened during a U.S. Postal Service strike in 1970. Q3 [...]

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Economic Policymakers Ignore Risks At Their Peril

In 2008, on the eve of the Great Economic Recession, world economic policymakers were overly complacent about the global economic outlook. That left them totally unprepared for the economic and financial market crisis that subsequently occurred. Q3 hedge fund letters, conference, scoops etc geralt / Pixabay Today, 10 years on, one has [...]

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America’s Wealth Dynasties Are Getting Even Bigger

Most people work hard to provide for their family hoping to generate enough money to afford the basics. Their only chance at vast fortune is a lottery ticket. Q3 hedge fund letters, conference, scoops etc ColdSmiling / Pixabay For other families, they need only wait patiently for their fortunes to come — [...]

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Saudi-Funded SoftBank Throwing Money At U.S. Fintech Firms

The Securities and Exchange Commission (SEC) just released an investigative report warning public financial companies against cyber fraud, but for budding financial technology (fintech) companies there is a more pressing problem. Q3 hedge fund letters, conference, scoops etcMany prominent fintech firms like Kabbage, Lemonade and Social Finance (SoFi) are funded by SoftBank, which [...]

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Wall Street, Banking And The Rise Of ‘Ocasio-Cortez’ Democrats

Everybody knows that New York City firebrand — and future Congresswoman — Alexandria Ocasio-Cortez supports hot-button progressive causes like the #AbolishICE movement and impeaching President Trump. But how many people are aware that she’s in favor of restoring the Glass-Steagall Act? Or that she believes “we also should make [...]

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Finding A Fix For Fannie And Freddie

It’s been 10 years since Fannie Mae and Freddie Mac, government-sponsored enterprises (GSEs), entered conservatorship and, as of today, there are no set plans in action to unwind them. [REITs] Q2 hedge fund letters, conference, scoops etc By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia CommonsThe longer they sit in conservatorship, [...]

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Unregulated Fintech Could Be The Source Of The Next Market Crash

Ten years after the start of the Great Recession, the U.S. economy is currently booming. But some industry experts fear that, without regulation, financial technology (fintech) companies like Biz2Credit, Fora Financial, Kabbage, LendingClub, Lendup and OnDeck Capital, Inc. could bring about the next market crash.   So why aren’t governments acting? [...]

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Stop BEZOS And A Lesson In Economics

Every few months Bernie Sanders goes to the well to find another bogeyman. The current villain has so captured the senator’s attention that Sanders named a piece of legislation after him: the “Stop Bad Employers by Zeroing Out Subsidies,” or Stop BEZOS. Jeff Bezos is, of course, the CEO [...]

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Emerging Market Meltdown Is More Than A Tantrum

As the emerging market currency meltdown spreads from Argentina and Turkey to Brazil, India, Indonesia and South Africa, the optimists — who did not anticipate this meltdown in the first place — now dismiss it as a mere tantrum. By this, they mean that it is likely to be [...]

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