Constantly challenging the accepted financial narratives.
Advocate for technical analysis, Liberty, Free Markets and Whisky.
Bon vivant and agent provocateur
With the conclusion of what was a very memorable Europa League final (and really, the entire competition was the best it’s been in years) we present to you the top 10 goals of this year’s Europa League season!
Which one was your favorite?
or, watch everything!
With the German elections looking more perilous by the day come September, the future going into 2016 could be a massive rally in the dollar coupled with rally in the Dow Jones Industrials that could reach 17330, 18900, or 23,388 by 2015.75. If the central bankers screw it up as usual, they could create a Japanese type bubble on this one.
so, 123^2 is 15129 for the next Dow Jones INDU top?
seems 2000 and 2007 tops were square numbers too…dont know why it works, or even if it is predictive, but curious
He doesn’t sound as bearish as he used to be - but it is good to see him adaptable to the technical signals and not be dogmatic. The dollar bull will catch so many people off guard, moreso than the US stock bull would
Support levels and history of the cycles in gold trade. Good quote on the European Union (I might add that even Alexander hamilton got thi right 150+ years ago…)
…has even been a successful monetary union? Yes. The Zollverein Monetary Union in Germany among the various German states of which there were 25 effective central banks.
How did it succeed? In the federalization of Germany creating one nation. Likewise, the US was a monetary union among the colonies. That too succeeded only with federalization and a single debt. This is the weak link in the entire design of the Euro.
That catastrophe (will be) part of the entire collapse in Socialism
PS - I think auto-complete changed the last word of his title…
always been interested in the standing desk…
…This particular desk you see can be electrically adjusted so I can still sit when I feel like and I also had them install wheels so I can change its orientation when I need to. Pretty neat.
But standing is not as easy as you might think, so I read. Capt. Morgan position and in general, how bartenders handle the long hours behind the counter are things to keep in mind, as well as the 10 Tips & Things You Should Know About Using a Standing Desk
Barry Rithholz rips the cover off the ball by applying investor “confirmation bias” to the political process.
Did Reinhart and Rogoff persuade many politicians to forgo stimulus and embrace austerity? I am unsure that their error-laden, cherry-picked data really convinced any one who wasn’t already leaning in that direction.
Indeed, the fact that their magnum opus was never peer reviewed tells you much about how serious it was as an academic work.
That is much more revealing about the people who championed the paper than it is about the paper itself. We now know it was little more than junk science, but it fit the pre-existing narrative of those who favor smaller government. They adopted it not despite of its flaws, but rather because of them. It said exactly what it was (the authors) wanted to hear, so why bother having it peer-reviewed?
If the thinking process of investors is flawed, filled with cognitive errors and biases, imagine what the process is like for ideologues and political types. The bottom line is that, just as investors seek out those articles, research reports and commentary that support their existing portfolios, so too do politicians look for similar writings that confirm their pre-existing notions.
Nigel Farage: “This EU is the New Communism. It is Power without Limits.” (by europarl)
Mr. Farage compares the European confiscation to Soviet style tyranny, and he reminds the Parliament that they have the power to put a stop to this.
With his years of calling out the EU and ECB, part of me is shocked he is still alive.