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“Gold Is A 6,000 Year Old Bubble” – Citi’s Dutch Strategist Throws Up All Over Gold, Days After Dutch Gold Repatriation

“Gold Is A 6,000 Year Old Bubble” – Citi’s Dutch Strategist Throws Up All Over Gold, Days After Dutch Gold Repatriation

Citigroup may have been unable to prevent the Netherlands from repatriating some 122 tons of “a fiat commodity currency with insignificant intrinsic value“, or in the words of Ben Bernanke, “tradition”, but it sure won’t stop that erudite expert on the timing of Greece’s exit from the Eurozone, Willem Buiter, from doing all in his […]
A Flawed Analysis Of What Ails The Economy

A Flawed Analysis Of What Ails The Economy

A Popular Meme, that Remains as Wrong as When it Was First Conceived A recent article in the Guardian mocks JC Juncker’s latest scheme to produce some €300 billion in “investment” with a magical money multiplication scheme. Naturally, we agree that Juncker’s plan is deeply flawed, to put it as politely as possible. We have pointed this out […]
USD/JPY Forex Signal – November 27, 2014

USD/JPY Forex Signal – November 27, 2014

USD/JPY Signal Update Yesterday’s signal was not triggered and expired, as the price never hit 117.03. Today’s USD/JPY Signal Risk 0.75% Trades may only be entered between 8am London time and 1pm New York time; and then after 8am Tokyo time. Long Trade 1 Go long following bullish price action on the H1 time frame immediately […]
Depreciating Equipment For Tax Purposes: What’s Required?

Depreciating Equipment For Tax Purposes: What’s Required?

Depreciation is a very complex element of the tax code. It’s best you don’t try to tackle it on your own.   From time to time, you may buy a piece of equipment for your business. This can be anything from a small computer to a large machine that makes little washers to use in […]
Black Friday Finally Takes Place For Mastercard & Visa

Black Friday Finally Takes Place For Mastercard & Visa

CLICK ON CHART TO ENLARGE Black Friday is fast approaching, are you ready to spend some money? Thinking of spending and Black Friday, credit cards came to my mind. Even though the S&P 500 finds itself at all time highs, Mastercard (MA) & Visa (V) have struggled to move higher, the majority of 2014. Of […]
Two Things You Must Do To Improve Your Portfolio’s Return

Two Things You Must Do To Improve Your Portfolio’s Return

The following is an excerpt from Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. by Douglas Goldstein and Susan Polgar.  Imagine if someone summarized your whole financial picture on one page. Wouldn’t that be great? Not only would it present all of your holdings, but it would also show you […]
Oil Slumps To 4 Year Low Ahead Of OPEC, Eurozone Yields New Record Lows: Summary Of Overnight Events

Oil Slumps To 4 Year Low Ahead Of OPEC, Eurozone Yields New Record Lows: Summary Of Overnight Events

While the US takes the day off after another near-record low volume surge to a new all time high in the S&P500, a level which is now just 125 points away from Goldman’s year end target for 2016, the rest of the world will be patiently awaiting to see if oil’s next move, as a […]
“The Stimulus Program Was A Smashing Success” – Gary Burtless

“The Stimulus Program Was A Smashing Success” – Gary Burtless

This Burtless Brookings Blog post really is a must read. Burtless notes that taxes and transfers (including both ARRA and automatic responses to the recession) prevented huge income declines for the lower 60% of US households during the great recession. In contrast high income households were hammered. Federal policy actually worked. The post is a guided tour […]
Netflix Down As It Airs Dirty Laundry

Netflix Down As It Airs Dirty Laundry

Netflix, Inc. (NFLX) is in the midst of legal proceedings against Mike Kail, its former vice president of information technology operations, accusing him of fraud, breaching his fiduciary, and a host of other charges. Kail was responsible for buying computer accessories, as well as other services from outside companies. It is alleged that during his […]
How Do You Find A Billion Dollar Startup?

How Do You Find A Billion Dollar Startup?

Photocredit: Shutterstock  The secret is out that startup investing is binary, with the majority of VC industry returns concentrated on a few winners. And while Angel investors have addressed this power law via diversification, top tier US VCs have been more proactive, trying to predict breakout successes early and betting big. In other words, if we knew […]