The additional sets of problems added as “solutions” only guarantee that the third and final crash of asset bubbles just ahead will be far more devastating than the crashes of 2000 and 2009. The conventional view tacitly assumes the global economy is dealing with one problem: recovering from the Global Financial Meltdown of…
It did not end with Crimea, but then again, nobody thought it would. In the face of further Russian aggression in eastern Ukraine, the European Union and the United States should no longer consider financial and political support for the Ukrainian government an option. It’s now a necessity. NATO, on the other hand, should…
Submitted on 03/31/2014 PITCHFORKS COME OUT AS CHINESE BUST KLEPTOCRATS By RUSS WINTER Unlike in the West, being a kleptocratic crook in China is now becoming a higher risk proposition. One gets the sense that as the credit monster collapses in China, and as auntie’s wealth management product is shown to be a loss, out will…
The Terrifying Target Data Breach Is Even Worse Than We Thought Up to 70 million Target customers are now believed to have had their data stolen, up from an original estimate of 40 million. The massive Target data breach is much larger than first reported last month and has hurt sales, the company announced Friday….
In one more week I was going to be a millionaire. At least, that was the rumor circulating around my wife’s family. One more week on Amazon’s best-seller list and I would have seven figures in the bank, easily. Her cousin had looked this fact up on the Internet, so it had to be…
Cheapest Place Today Worldwide to Buy Gold Coins Jim Rogers: It’s Going To Get Really “Bad After The Next Election” By Terry Weiss, Money MorningIn a riveting interview on CNBC, legendary investor Jim Rogers warns Americans to prepare for “Financial Armageddon,” saying he fully expects the economy to implode after the U.S. election….
It’s a small open-air factory, impossible to spot from the road. You have to go into Thabong, the township in Welkom, three hours south of Johannesburg, to discover it in an old mining town in the G-Hostel, where a dozen workers are clustered, busy transforming rocks into gold. Behind the apparent disorder hides a…
What would you do for free food? More than 200 naked shoppers flocked to a German supermarket in hopes of snagging some free groceries last week. The store, located in the city of Süderlügum, offered to treat the first hundred shoppers to up to $276 worth of items if they came wearing only their birthday…
Fine Art as a Percentage of Ultra High Net Worth Individuals’ Spending Has Remained Stable Adam Davidson has a good take on the art market in his New York Times Magazine column and offers an interesting take on art as an investment: Art is often valuable precisely because it isn’t a sensible way to make…