Came across this gem of an interview of Michael Burry the other day. Read Full Article Here. Burry is a special kind of investor. He wasn’t just a doomsday predictor waving a placard on the streets saying “the end is near”, no, Burry bet big on his prediction with not only his own money but…
There are few books that I would outright outline as evil, but this makes the list. “How on earth could book about tactics for stimulating social action for the poor and underprivileged be considered evil?” you might say. I believe that the book embraces a philosophical abandonment of principles for the sake of progress. “What…
Without going into too much detail, what this book outlines is largely historically accurate… that is regardless of whether or not Perkins really was an “EHM” (Economic Hit Man). Having studied The Washington Consensus in quite a large degree of detail (not trying to brag but I have read many many papers on it and…
Over the past 2 years or so, I may have been described as a little on the bearish side… I know shocking! Especially when I thought that some of my doomsday predictions have been on the optimistic side. With the constant trickle of troubling social, political and economic news. It is easy to build a…
A few weeks back I posted an article titled “Is Bitcoin a Bubble or the Future?“. Despite some zealous pushback from cryptocurrency fanatics on social media, I have to admit that my initial conclusions haven’t changed at all, rather, due to recent price fluctuations in bitcoin, they’ve become more cemented. Jonathan Sterling of toptal.com brilliantly…
The retail sector is incredibly important to the Australian Economy. Retail roughly makes up 60% of economic activity with huge flow on effects to other sectors. That’s why when retail struggles, everyone is watching. 2017 Marked a year of a retail slump with poor figures throughout July to October. However, hopes for growth in the…
Major collapse of a construction giant is set to leave the UK government billions out of pocket and paying off 3rd party beneficiaries for years to come. Even though the UK government has refuesed to pick up the bailout tab, the costs to the tax payers for decades to come will be immense, all the…
We made it through 2017. And if you look at the stock and asset markets, as Donald Trump tends to do (and as Barack Obama did, too), you’d think all is fine with the world. The Dow Jones Industrial Average rose about 24% last year. The Dow Jones U.S. Real Estate Index rose 6.20%. The…
According to no less an authority than the United States Treasury, projected tax revenues to fund Social Security and Medicare over the next 75 years fall $46.7 trillion short. “Unfunded liabilities,” they’re called. But even these $46.7 trillion of unfunded liabilities may tell a mere fraction of America’s true indebtedness… Economist and Boston University…
Previously we wrote about the pros and cons of the rapidly expanding cryptocurrency market. One of our conclusions was that since the market was bullish with no underlying value, the potential for investors to invest with other-peoples-money was high. This new report suggests that the percentage of bitcoin investors borrowing to fuel the market could be…