QUESTION: Are ETFs really better than a mutual fund for tax purposes? HS ANSWER: The primary difference between mutual funds and ETFs (exchange-traded funds) is that while an open-end mutual fund is priced once based upon the market closing, ETFs as well as a closed-end mutual funds trade all day. This actually goes back to […]
COMMENT: Marty; I just wanted to say that this WEC in Rome was one of your best, NOt that Nigel Farage was there calling you the alternative to Davos, but you really do your research and your contacts behind the curtain become self-evident. Nobody in the audience every knew that the German people were denied […]
QUESTION: So is there any difference between a Robot and a person trading if they just follow the same system on a single market? ANSWER: Any system that is created which claims to be some robo-trading system is vulnerable to a contagion that impacts a given market from external sources. We are entering a highly […]
Recent years there has been a shift in how various assets classes are trading. There is emerging a high degree of positive correlation among various financial asset classes that have many concerned since it is not conforming with the perceived historic norms. Many are reading into this as a warning of what is to come. […]
Trump wrote on Twitter over the weekend that tariffs on $200 billion in Chinese goods could rise to 25%. He said that a 25% tariff will soon be assigned to a selection of $325 billion in presently untaxed goods. The tweet sent the Dow Jones Industrial Average down sharply while the yield on the 10-year […]
Macrone just signed a law where Italian will no longer be taught in France. The idea that Europe is one big happy family is so far from reality that this is part of the backdrop behind the bearishness of the euro. The old resentments remain. There has always been a strong resentment between the Italians […]
QUESTION: How were ancient coins placed into circulation? DR JB ANSWER: That is actually a very interesting question. As the legend goes, the Gauls (French) attempted to invade the city of Rome quietly, but had frightened the sacred flock of geese that made a lot of noise. This alerted the Romans to the surprise attack giving […]
24,26,367,391.603394 This year’s World Economic Conference was most interesting. We really had to put our thinking caps on because we have entered the Great Unknown where Keynesian Economics has crumbled to dust. We have to reassess the future and how this will unfold as the central banks are beside themselves in many countries and the […]
The Rome 2019 World Economic Conference was a lot of fun. We have a very diverse crowd from around the world including central bankers, hedge funds, pension funds, and private investors. Nigel Farage was great and he calls our conferences the “alternative to Davos,” which inspired applause from attendees.
QUESTION: Do you see this new age of the internet destroying jobs that result in a Great Depression as you have illustrated with the advancement of the combustion engine in altering the agricultural economy as we move into the future? What is the future for our children? Thank you KL ANSWER: Society historically moves through […]
