[According to analyst Charlene Chu], by the end of 2017, bad debt in China could hit 51 trillion yuan, or $7.6 trillion. Or about 68% of GDP! It would take the bad-debt ratio to an astronomical 34% of all loans, and way above the 5.3% that the...
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Ellen Zentner, the chief U.S. economist at Morgan Stanley. She explains why Texas came through the financial crisis so well, courtesy of its rainy day fund. Her career took her from the Texas...
The weekend is here! Pour yourself a mug of Kicking Horse coffee, grab a seat by the pool, and get ready for our longer form weekend reads: • Inside The Partisan Political Fight For Your Facebook...
Succinct Summations for the week ending August 18th, 2017 Positives: 1.White House Strategist Steve Bannon is fired, giving hope for some policy stability in the future. 2. Initial jobless claims...
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The collusion allegedly ran...
Some of my readers were skeptical of this scenario. But I researched it carefully and provided solid evidence that this plan is...
The Real Reason Markets Swooned Yesterday It’s the same one that explains why they are rising today and might fall the day after. Bloomberg, August 18, 2017 In the 1927 book “Security...
25 Years ago today, Larry Bird retired from basketball. Bird was a 12-time NBA All-Star and was named the league’s Most Valuable Player (MVP) three consecutive times (1984–1986). He played his...
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Tension between Bannon and other top advisors to Trump, including Chief Economic Advisor Gary...
We are thrilled to announce a great addition to this November’s 2nd annual Evidence-Based Investing Conference in New York City. There are few people more plugged into the world of ETFs’...
Finish the week strong with our pre-weekend morning train reads: • The perils of calling the peak of the equities bull run (Financial Times) see also Seven Strategies for Investing at Market Peaks...
I’ve only seen a few of these rare DB11s around, mostly valet’d at restaurants or out on the East End of Long Island. The photos fail to capture just how gorgeous the sheetmetal — or should I say...
Two hundred and fifty years ago, a few miles south of here, Adam Smith began working on the Wealth of Nations. It was published a decade later, in 1776. So there were (at least) two revolutions...