Even Warren Buffett Must Be Getting Concerned At This Market

I’ve recently taken on the challenge to work through various indicators that I believe are part of the giant con that America is still enjoying growing economic prosperity.  The basis for doing this is that I have a very difficult time…

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“I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want”

When we first covered the Carmen Segarra lawsuit alleging the capture of the NY Fed by Goldman Sachs back in October 2013, we didn’t have much hope for justice to get done. We said that “while her allegations may be…

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Jack Ma: If You’re Poor At 35, You Deserve It

You are poor because you have no ambition. Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have…

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What’s The “Best” Way To Make A 10% Return?

Aside from the “sure thing” of buying the Alibaba IPO, achieving a 10% yield return in the new normal world requires leverage and excess risk-taking. To compare the risk/reward of various assets, Citi accounts for haircuts and leverage costs of…

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The Next ‘Nail In The Coffin’ For The US Dollar

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms…

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