We are beginning to observe institutional investors withdrawing from bonds issued by companies whose credit ratings are in question. Many are also selling off other classes of bonds in anticipation of higher rates. The trend toward investing in high yielding debt mainly by pension funds has begun to reverse albeit gradually. Because of the low yields, […]
The symbol of medicine comes from a small town located on the Peloponnese in Greece known as Epidaurus. People would travel there to pray for their health to Asclepius (Greek: Ἀσκληπιός) who was the god of medicine in ancient Greek religion and mythology. Asclepius represented the healing aspect of the medical arts. They would pray to his […]
I want to thank everyone for all the flowers, cards, and donations in my mother’s name. It was very touching and the funeral home never saw someone with such a response from around the world. Maggie always asked me about my mother all the time. I hope my mother and her sister are having an […]
Source: Wikipedia QUESTION: Vitalik Buterin, the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.” Do you agree with him? It seems […]
QUESTION: Mr. Armstrong, My father was ______ the banker who commissioned you to do the Turkish lira hedging project in 1983. He passed away as you know. I found this material in his files on Turkey that you apparently published back in 1985. Some articles are saying that Turkey is the epic center of debt. […]
We are witnessing the rebuke of career politicians by career politicians. The California Democratic Party took a vote and it concluded it will not endorse Senator Dianne Feinstein’s re-election bid this year. Feinstein is 84 and the oldest politician there who wants to run for another 6-year term. The delegates at the party’s annual convention […]
Private Blog for the Week of February 26th, 2018 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
QUESTION: You are not in favor of banning all guns? ANSWER: Absolutely not. If that were the case, the only people with guns will be government and criminals who buy them on the black market anyway. This is as absurd as outlawing prostitution and expecting nobody will do it anymore when that practice they say […]
We must always remember that one person’s perspective results in them looking at a decline as a buying opportunity and another looks at it as a time to sell. Perspective is everything and there will never be a 100% accord.
