There is a crisis unfolding in hedge funds. Many are incapable of providing consistent performance, and they are really just following the talking heads if not adding to the nonsense. Now Jake Gottlieb, the founder of Visium, announced that they are shutting down their $8 billion hedge fund. Besides poor performance, they are under […]
Europe is experiencing a very cold summer. Meanwhile, believe it or not, there was a dusting of snow reported at Mauna Kea in Hawaii, according to the National Weather Service, on June 14. We are heading into, not global warming, but a natural cycle of climate change that comes about every 300 years or so. […]
The Federal Reserve pushed back plans to raise its benchmark short-term interest rate, which was widely expected following the Jobs Report. Yet, this was not a credible day for the Fed in the least as they are starting to appear confused and schizophrenic. Fed credibility is beginning to create a crisis behind the scenes that is […]
Russia has reportedly hacked Hillary’s server. The energy magazine Oilprice.com reported that Russian intelligence informed Western intelligence agencies that the government in Moscow is now planning to publish the emails from Hillary Clinton. If this proves to be true, then this will confirm that she placed national security second to her personal self-interest. The emails are widely expected to reveal how […]
The U.S. Department of Labor, acting on a directive of President Obama issued back in March 2014, has announced changes in the Fair Labor Standards Act (FLSA). Beginning this fall, the act will basically double the amount of money workers must make to be exempt from federal overtime pay requirements. Essentially, employees with gross salaries […]
Goldman Sachs is in a lawsuit for allegedly using prostitutes, fancy meals, and hotels to swindle the Libyan government in a $1.2 billion lawsuit. Now, before you condemn them, let me explain that New York City is not just the Big Apple — New York is the most unethical place, perhaps on Earth or at least in […]
One of the eye-opening shocks I experienced after I was thrown in contempt was that nothing was what it seemed. Numerous suicides occurred but the press did not report on them, and the few that received coverage were spun to the government’s favor to portray them as having some remorse. The truth is that those […]
Janet Yellen’s remarks today confused the people who think the world turns on the Jobs numbers since they remain clueless with respect to the changing trend in employment. They do not take into consideration the technology shift, so they are still trying to trade from 20th-century concepts. Yellen gave an outlook of the U.S. economy […]
Well if you live in Portland, you better get your kids out of school. The Portland school board is against free speech. Portland public schools have banned all textbooks that cast any doubt on climate change. They are tampering with free speech and denying any scientific examination by converting climate change into dogma and propaganda. This illustrates […]
The Nonfarm Payrolls came in substantially lower than expected. The dollar dropped with gold rising, but the Dow did not crash on the open in the same percentage move. So what is really going on here? The economy is in a transition phase that is the same as what took place during the 1920s. Back […]
