Back in December 2015, Myanmar, a Southeast Asian nation formerly called Burma, opened a new stock exchange in its main city of Yangon. The Yangon Stock Exchange (YSX) was founded, after a 20-year wait, at a cost of $24 million, by the state-owned Myanmar Economic Bank, Daiwa Securities and Japan Exchange Group, a company that operates…
Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do we explain this: After World War…
Author and real estate mogul Robert Kiyosaki, better known as “Rich Dad“, is predicting a stock market crash starting in 2016. Unlike others who perpetually predict crashes, Kiyosaki made his crash claim in his 2002 book “Rich Dad’s Prophecy”. Kiyosaki’s most recent prediction is based on demographics. He now says we are “right on schedule”…
Last week, when looking back at consensus economist forecasts for Japanese growth as of 1995, we compared what the pundits thought would happen, and what actually did happen: the result was what may have been the worst forecast of all time, leading to a 25% error rate in just five years later. It also unleashed the start of Japan’s three…
On March 10, the European Central Bank announced an eagerly awaited new round of stimulus measures. This fell flat, and it has left some people wondering whether the bazookas of the central banks have become pop guns. As Andrew Bosomworth put it, in PIMCO’s blog, the ECB ”ticked all the boxes”: targeted long-term refinancing operations (TLTROs); rate…
Gold embarked on an aggressive recovery in the first quarter of 2016, buoyed by a slump in Federal Reserve rate hike expectations. A dovish shift in investors’ policy bets reduces the opportunity cost to owning gold versus interest-bearing assets while boosting demand for alternative stores of value to hedge against increased inflation risk. Prices traded…
Insider buying decreased significantly last week with insiders buying $38.86 million of stock compared to $269.24 million in the week prior. Selling also decreased significantly with insiders selling $635.25 million of stock last week compared to $1.33 billion in the week prior. This muted activity is not unusual as we approach the end of the quarter and most companies…
The theme for Single Country ETFs over the last month is either countries that produce a lot of natural resources (commodities) or countries in which sane people don’t invest. Okay, maybe sanity isn’t the proper metric but surely investors who can’t afford to take a loss shouldn’t be investing in Russia, Peru or Turkey, all…
I just looked up the term “gig”. Merriam-Webster provides 4 definitions: “Something whirled, someone of grotesque appearance, a rowboat, and a two-wheeled one-horse carriage”. Clearly that’s not what we are talking about. Even the Urban Dictionary is behind the times with its description “A live performance, either musical, theatrical, or physical.” Curiously, the Urban Dictionary managed to misspell…
In this video we explain how we researched Valeant Pharmaceuticals before its big earnings dive. Valeant Pharmaceuticals PDF here, video below of the details behind our research that led us to publish multiple warnings on Valeant Pharmaceuticals (VRX) stock, which dropped 50% on March 15. (The following was published on March 15) Valeant Pharmaceuticals (VRX: $36/share)…
