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by confoundedinterest The US Congress will never stop giving away money in the form of entitlement promises, etc. Just look at USDebtClock.org if you don’t believe me. Of course, trying to get … Read more
Increasingly some of the extremely wealthy are showing signs of becoming preppers Some ultra-wealthy are eschewing Swiss bank accounts in favor of private safes and storage. t.co/S3P7l0FkTx — CNN (@CNN) … Read more
The rich and famous are preparing for the worst and vying to get their hands on doomsday-proof bunkers Larry Hall is the brainchild behind such luxury developments which he refers … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Why the ultra-wealthy are stockpiling physical gold, … Read more
by WARREN MOSLER You can see from the charts how depressed this cycle has been, and how housing has stalled out overall for the last few years, and all with … Read more
by Frank Holmes, CEO, U.S. Global Investors It’s hard to believe now, but the very first Singles Day in 2009 generated only about $7 million for Chinese mega-retailer Alibaba. No one could … Read more
via Zerohedge: A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, … Read more
By Julianne Geiger Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi … Read more
By Alex Kimani Hedge funds aren’t exactly batting 1,000 these days. And when it comes to their energy bets, it’s largely been a crash-and-burn story. This year is threatening to … Read more
We have described, in the last several days, a fascinating trend that is developing: the dash for cash ahead of the next market crash. The Bank for International Settlements (BIS) … Read more
U.S. Second-Quarter Growth Revised Down to 2% Pace From 2.1% (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Surging prices are a demand killer, but real estate industry laments the medicine didn’t work. The relentlessness of falling home sales is starting to baffle the … Read more
BY JARED DILLIAN President Trump recently nominated Judy Shelton to the Federal Reserve Board of Governors. She is the United States director for the European Bank for Reconstruction and Development, … Read more
via mises: The current boom is heavily built on credit. This is because in today’s fiat money regime central banks, in close cooperation with commercial banks, increase the quantity of money … Read more
Is Canada now a joke for international investors?
by visualcapitalist As of 2018, there is a grand total of 198,342 ultra high net worth individuals (UHNWIs) globally with assets over US$30 million, according to the most recent edition of … Read more