News Story of the Day: For years, investors have been told to diversify their portfolios rather than putting all of your eggs in one basket. Is this common advice even accurate? Jim Rogers, the billionaire investor, says no. Speaking in an interview with the Economic Times, Rogers noted that investors need to put all of […]
Archives for December 2016
Do you still believe the Federal Reserve after second rate hike in 10 years?
By: Tho Bishop It finally happened. The Fed raised interest rates a quarter of a percentage point for the first time in 2016, after forecasting four rate hikes a year ago. The decision was highly anticipated following the market’s surge post-Trump election (Paul Krugman’s biggest miss since the success of the internet). Of course this […]
Video: Celebrities suddenly care about U.S. constitution, electoral college
American politics is funny. Democrats and Republicans only care about the United States Constitution when it suits them. For instance, President Obama pretty much ignored the constitution for the past eight years, and liberals cheered him on. Now, all of a sudden, liberals care about the constitution and are even citing the wisdom behind the […]
David Stockman urges Trump to ask for Yellen’s resignation over ‘massive market bubble’
Federal Reserve Chair Janet Yellen has said that she will not step down before her term expires. United States President-Elect Donald Trump, despite both his praise and criticisms, doesn’t seem to have any intention of firing her. That doesn’t suit one former White House official and contrarian investor. Speaking in an interview with the Fox […]
War on Cash: Australia wants to ban the $100 bill
The Australian government has proposed abolishing the nation’s highest-denominated banknote: the $100 bill. This is just a step further in the war on cash. As part of efforts to clamp down on the black economy and tax evasion – the two most popular excuses among governments and politicians – Australia’s Revenue and Financial Services Minister […]