Source: Wikipedia Dear Diary, Dow down 99 points yesterday. Gold fell $28 an ounce – its fourth straight day of losses. Stock markets have been slipping all over the world, especially in Europe. But outside of Russia, and maybe Greece, so far there is no sign of real panic. That will come later. We’re spending this…
In Part Two of my interview with storied hedge fund manager and bestselling author, Jim Rogers, we talk about what Jim calls the “most hated market in the world.” The country’s currency is in free fall. Its president is functionally insane. And the supply glut in oil could tip the populace into chaos. Yet despite the…
Regulators Are Getting Worried About their Own Handiwork Readers may recall a remark we made when we discussed the dangerous boom in low grade corporate debt. This was in connection with one of the weak links in the chain, if you will. We noted among other things in passing that: “…new regulations have forced the banks…
Where will the most important commodity in the world halt is fall, the House of Saudi says $40. In 1985 Saudi (OPEC) did a similar sell off to protect their market share when the UK North Sea oil came on line. World oil prices plunged 69%. Lets face it, oil above $100 with all the…
The list of companies working with Apple Pay continues to grow. On Tuesday, Apple (AAPL) announced that in recent weeks the company had signed up dozens more banks, retail stores and start-ups to adopt Apple Pay, the company’s new e-commerce product, which allows customers to buy things with little more than a wave of their…
Shares of Arrowhead Research Corp (ARWR) jumped 10% today, after the news that the company has filed an IND to the FDA to begin testing two phase 2b trials using its drug ARC-520 in patients with the Hepatitis B virus. The company had run an initial phase 2a trial using ARC-520 against Hepatitis B using only a…
Bulls and bears trading left jabs, and the black boxes just doing what they do, churning the market based on inputs of geopolitical and geo-financial (it’s not a word, I know) angst and inflammatory headlines. All while a group of interest rate manipulators huddle to try to find the ‘just right’ (ref: Goldilocks) statement to…
Swedish based Bitcoin exchange, Safello announced that a new banking partnership will now allow U.K. customers to hold deposits. According to Safello this is a huge opportunity, considering many start-ups in the U.K. have to conduct their Bitcoin banking outside of the country, as British banks do not allow Bitcoin deposits from start-ups due to…
This is a graph of global consumer spending produced in 2012 by ATKearney. As you see, the figure for 2010 was $28 trillion which is projected to rise to $40 trillion by 2020. I’ve no idea if these figures are realistic or not, but what impresses me about them is the gargantuan size of global consumer…
When it comes to energy and how you power your home… fear not, the government has you covered. That is, until it’s no longer financially beneficial to do so. Take the solar industry, for example. With all the tax credits, subsidies, and risky government-backed loans to solar companies and consumers, you’d think the government wants…
