Archive for October, 2018

Human Rights Group Calls for Investigation of Giuliani, Trump Money-Laundering Scheme

Prosecutors Asked to Probe Dutch Middlemen Washing Billions in Dirty Kazakh Cash for Real Estate Deals in US and Europe

Courtesy of David Cay Johnston, DCReport Editor-in-Chief

A human rights organization has asked Dutch prosecutors to open a criminal investigation into multi-billion dollar money laundering schemes that they say were aided by Donald Trump’s lawyer, Rudy Giuliani, and his old law firm.

The complaint is clearly aimed at examining how much money stolen from a former Soviet satellite ended up benefitting Trump. He is named 16 times in the complaint’s footnotes.

The complaint describes “one of the biggest fraud cases ever” in which “some of these money flows ultimately ended up in the Netherlands” because “Dutch service providers helped to cover up the money laundering acts.”

“The money laundering network started in Kazakhstan, where a figure of up to USD 10 billion was purportedly embezzled,” the complaint asserts. “This money was subsequently circulated by two Kazakh oligarch families via a worldwide network of shell companies. A number of these companies were established in the Netherlands. The money was subsequently invested in real estate projects in the United States and Europe, after which it was paid out as ‘profits’ via – once again – a network of shell companies.”

Trump with Kazakh President Nursultan Nazarbayev

Netherlands banks and other firms play a significant role in illicit flows of cash around the world through sophisticated techniques to hide income and corporate profits. Many of these techniques appear to push the envelope on legal tax avoidance. When money laundering is involved these aggressive techniques could cross a line into aiding and abetting criminal tax evasion.

The complaint asserts that a small slice of the missing billions was run through Dutch shell corporations with help from Rudy Giuliani’s old law firm, Bracewell & Giuliani. Until 2016, Giuliani was a partner in the 470-lawyer firm.

Neither Giuliani nor anyone at his firm Giuliani Security & Safety LLC responded to requests for his side of the story. Multiple requests for comment prompted


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More than carbon taxes, we need wholescale energy transitions

 

More than carbon taxes, we need wholescale energy transitions

File 20181026 7056 99n6yi.jpg?ixlib=rb 1.1

The renewable energy industry can also create jobs. (David Dodge, GreenEnergyFutures.ca/flickr), CC BY-NC-SA

Courtesy of Emily Eaton, University of Regina

We’ve heard it ad nauseum from our political leaders and the media: We can’t do anything about climate change because it would cost us jobs and jeopardize our future.

We are trade exposed.”

We can’t afford a carbon tax.”

The sun doesn’t shine at night.”

Without oil, how would we pay for education or hospitals?

But we are a drop in the bucket compared to China.”

This is the dominant narrative in Saskatchewan, Canada’s second largest oil-producing province, with the highest greenhouse gas (GHG) emissions per capita. It all points to one conclusion: Dig in and do nothing.

Are carbon taxes too little, too late?

In early October, the Intergovernmental Panel on Climate Change released an urgent warning to the global community. If, as a global community, we allow warming to exceed 1.5? we face widespread species extinction, a climate change refugee crisis and serious threats to our livelihoods, well-being and security.

In order to have a chance at keeping global warming below 1.5? we need to reduce our emissions by 45 per cent from 2010 levels by 2030. It is crystal clear that we need drastic and immediate action in order to rescue a habitable planet.

The federal government announced in October that it will collect a carbon tax on behalf of provinces like Saskatchewan that have refused to implement one on their own.

A household in Saskatchewan should receive a rebate amounting to about $600 per year to offset the federally imposed tax on fuels. That’s double what households in Ontario will receive.

But the truth is we need much more than a carbon tax. We need a wholescale energy transition in every jurisdiction across the globe.

‘Regime of obstruction’

The idea of a renewable energy transition is exciting. It opens up space to think about not just decarbonization (replacing fossil fuels with…
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The $80 Trillion World Economy In One Chart

 

The $80 Trillion World Economy in One Chart

Courtesy of Visual Capitalist

 

 

The latest estimate from the World Bank puts global GDP at roughly $80 trillion in nominal terms for 2017.

Today’s chart from HowMuch.net uses this data to show all major economies in a visualization called a Voronoi diagram – let’s dive into the stats to learn more.

THE WORLD’S TOP 10 ECONOMIES

Here are the world’s top 10 economies, which together combine for a whopping two-thirds of global GDP.

In nominal terms, the U.S. still has the largest GDP at $19.4 trillion, making up 24.4% of the world economy.

While China’s economy is far behind in nominal terms at $12.2 trillion, you may recall that the Chinese economy has been the world’s largest when adjusted for purchasing power parity (PPP) since 2016.

The next two largest economies are Japan ($4.9 trillion) and Germany ($4.6 trillion) – and when added to the U.S. and China, the top four economies combined account for over 50% of the world economy.

MOVERS AND SHAKERS

Over recent years, the list of top economies hasn’t changed much – and in a similar visualization we posted 18 months ago, the four aforementioned top economies all fell in the exact same order.

However, look outside of these incumbents, and you’ll see that the major forces shaping the future of the global economy are in full swing, especially when it comes to emerging markets.

Here are some of the most important movements:

India has now passed France in nominal terms with a $2.6 trillion economy, which is about 3.3% of the global total. In the most recent quarter, Indian GDP growth saw its highest growth rate in two years at about 8.2%.

Brazil, despite its very recent economic woes, surpassed Italy in GDP rankings to take the #8 spot overall.

Turkey has surpassed The Netherlands to become the world’s 17th largest economy, and Saudi Arabia has jumped past Switzerland to claim the 19th spot.





AI Beats 20 Lawyers In Legal Showdown

Courtesy of ZeroHedge. View original post here.

It’s not just burger flipping and banking; artificial intelligence (AI) is now coming for lawyers.

In a landmark study reported by Hackernoon, 20 corporate attorneys specializing in corporate law and contract review were pitted against an AI in a contest to spot mistakes in five Non-Disclosure Agreements (NDAs) – a commonly used legal document meant to keep people from divulging sensitive information. 

It didn’t turn out well for the lawyers…

The study, carried out with leading legal academics and experts, saw the LawGeex AI achieve an average 94% accuracy rate, higher than the lawyers who achieved an average rate of 85%. It took the lawyers an average of 92 minutes to complete the NDA issue spotting, compared to 26 seconds for the LawGeex AI. The longest time taken by a lawyer to complete the test was 156 minutes, and the shortest time was 51 minutes. The study made waves around the world and was covered across global media. -Hackernoon

And what did some of those attorneys say about the contest? Via Hackernoon

Zakir Mir

“It is crucial to make mundane contract work more efficient, especially when there are 50–100 pages of contracts for some major deals (M&A large tenders with agreements or multinational corporations). It can really help lawyers sift through these documents, and cut down on the sometimes-deliberate verbosity of these documents which can allow one party to mask core issues.”

Zakir Mir, former regional counsel for BDP International, a $2billion global logistics firm, now at Allegiance International

Samantha Javier

“The test pointed out issues that NDA agreements generally contain and issues that lawyers look out for when drafting and reviewing NDAs. As for being automated, I think this would help clients in getting better pricing and allow lawyers to focus on more complex projects. However, I do think the test and AI technology must be very thorough to accomplish this and business clients may prefer to have a human lawyer looking at and taking care of their business concerns.”

Samantha Javier is a Lewis & Clark Law School graduate, licensed to practice law in Oregon. Her experience includes law firm, in-house, and transactional work

Grant Gulovsen

“Participating


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Pittsburgh’s lesson: Hatred does not emerge in a vacuum

 

Pittsburgh's lesson: Hatred does not emerge in a vacuum

File 20181029 76396 1m6yuii.jpg?ixlib=rb 1.1

Vigil held in the Squirrel Hill section of Pittsburgh for shooting victims, Oct. 27, 2018. AP/Gene J. Puskar

Courtesy of Leonard Saxe, Brandeis University

Fueled by virulent anti-Semitism, the Sabbath peace was shattered this past weekend when 11 members of the Pittsburgh Jewish community were murdered in a synagogue where they had gathered to celebrate a birth, to pray and to study.

As a scholar who studies the Jewish community and has close ties to Pittsburgh, the tragedy feels very personal. But it is not just a personal or Jewish tragedy, nor is it an issue solely for those who are part of religious communities.

As a society, we are at risk of becoming inured to a particular kind of violence – the mass shootings and bombings that are occurring with increasing frequency.

From schools and houses of worship to restaurants and nightclubs, this kind of violence is now so frequent that it is no longer surprising. That it could happen in Squirrel Hill, the vibrant center of Pittsburgh’s Jewish community and a neighborhood fully integrated with the rest of the city, is a signal that it could happen anywhere.

Getting to the root

Many explanations for American society’s penchant for violence exist, but they are clearly inadequate.

Most explanations exemplify what we social psychologists call the “fundamental attribution error.” They focus blame on individuals, not on the situation.

These incidents are seen as the work of psychologically disturbed individuals who can only be constrained by physical force and threats of punishment.

To be sure, those who commit heinous crimes of violence are disturbed individuals. But to overlook how our society has allowed violence to become unexceptional, and hateful ideas acceptable, is to ignore a root cause.

The murderous rampage that took place in Pittsburgh is not the first incident of violent anti-Semitism in America but appears to be the worst. For Jews, it is a painful reminder that physical violence ignited by anti-Jewish hatred – which we thought had been eradicated in the wake of the Holocaust – is still a…
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San Diego Home Sales Collapse To Lowest Level In 11 Years 

Courtesy of ZeroHedge. View original post here.

A combination of rapid mortgage rate increases and decreased affordability, San Diego County home sales collapsed 17.5% to the lowest level in 11 years last month, in the first meaningful sign that one of the country’s hottest real estate markets could be at a turning point, real estate tracker CoreLogic reported Tuesday.

In September, 2,942 homes were sold in the county, down from 3,568 sales last year. This was the lowest number of sales for the month since the start of the financial crisis when 2,152 sold in September 2007.

CoreLogic said median home prices dropped in the region to $575,000, the first decline since January, after hitting a record high of $583,000 in August.

Some experts blamed the slowdown on rising mortgage rates, which have drastically increased the per month debt servicing payments for potential new homebuyers.

“The double whammy of higher prices and rising mortgage rates has priced out some would-be buyers and prompted others to take a wait-and-see stance,” said Andrew LePage, a CoreLogic analyst, in the release. “There was one caveat to last month’s sharp annual sales decline — this September had one less business day for recording transactions. Adjusting for that, the year-over-year decline would be about 13 percent, still the largest in four years.”

On a monthly basis, sales declined 22% in September compared with August. Cyclically, sales tend to drop 10% from August to September, but this time, it seems that industry is experiencing late cycle stress.

The report also said sales of newly built homes are suffering more than sales of existing homes because homebuilder production remains below the historical mean. New home constructions come at a premium. Sales of newly built homes were 47% below the September average dating back to 1988, while sales of existing homes were 22% below their long-term average.

The S&P CoreLogic Case-Shiller San Diego Home Price NSA Index (data via Reuters Eikon) shows a potential double top with 2005 high. Lifetime high occurred in July 2018 of 259.69, with the index now fading into the Fall period.

Additional S&P CoreLogic Case-Shiller San Diego Home Price data 

“Price growth is moderating amid slower sales and more listings in many markets,” LePage said. “This is welcome news for potential homebuyers, but many still face a daunting hurdle – the monthly…
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Bond Bear Bull

Courtesy of ZeroHedge. View original post here.

Some lessons for bond bears from the land of the rising sun…

Authored by Jeffrey Snider via Alhambra Investment Partners,

On February 12, 1999, the Bank of Japan announced that it was going full zero. Japan’s central bank would from that day forward push the overnight uncollateralized lending (interbank) rate to the zero lower bound. Further, it pledged to keep it there until Japan’s economy recovered.

The economic slump in the nineties had been by 1999 almost a decade in length. As the Japanese economy ground to a halt, unmovable and completely resistant to being restarted by any of the orthodox techniques tried up to that point, there came to be an institutional bid for government paper. It was the perfect illustration of Milton Friedman’s interest rate fallacy – low interest rates signal tight money in the real economy. The bid was pure liquidity risk, having nothing to do with the “fundamentals” of bonds.

ZIRP was intended to try and change that condition. The mere rumors about it all the way back in 1998 had kicked off a BOND ROUT!!! From September 1998 through February 1999, it seemed as if the so-called bond bull market had finally been broken. Central bankers would ride to the economy’s rescue with non-standard “accommodation.”

The bond market for a brief time operated in the same misconception as Japanese central bankers. We are taught from Economics 101 that central banks are central; that when confronted with stubborn economic circumstances they need only use the tools they have available.

In nineties Japan, then, what was missing was the will to deploy all of the various methods at the disposal of uninhibited central bankers. The world’s first zero interest rate policy seemed like a change in at least official mindset. The bull market would be history.

Except, there is no such thing as a bond bull. It just doesn’t happen, at least not that way. The term has been conjured by bond shorts as a way to make it seem there is no value, therefore no justification, for interest rates staying ridiculously low.

We can all agree on at least that idea; interest rates should never,…
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Mostly Suicidal Group Of Trauma Victims Kick PTSD With Help Of MDMA: Study

Courtesy of ZeroHedge. View original post here.

A new study has reached a promising conclusion in an experiment that measured the effects of MDMA, (a.k.a. Ecstasy) on mental well-being among suffers of PTSD. While the experiment was limited by no control group and just 28 participants – over 95% of whom had considered suicide at least once - 76% of participants fell below the criteria for PTSD within one year after "MDMA-assisted psychotherapy." 

Twenty-eight people with chronic posttraumatic stress disorder were randomized in a double-blind dose response comparison of two active doses (100 and 125 mg) with a low dose (40 mg) of MDMA administered during eight-hour psychotherapy sessions. -Journal of Psychopharmacology

The study, sponsored by the Multidisciplinary Association for Psychedelic Studies (MAPS) and conducted by licensed professional counselor Marcele Ot'alora in Boulder, Colorado, found that the mean PTSD scores (CAPS) for each test group fell by up to 28%. 

The subjects who received the low dose in the first two sessions were later given an opportunity to take active doses, after which their mean CAPS score fell by another 47 percent. All three groups of subjects showed continued improvement at the one-year followup, when the average CAPS score was 31, down from 92 at baseline. That's a drop of 66 percent. The highest possible CAPS score is 136, and the cutoff for a PTSD diagnosis is 50. By the end of the study, 19 of the 25 subjects (76 percent) were below that threshold. -Reason.com

While study does not separate the effects of the psychotherapy from the benefits of the MDMA – a 2005 meta-analysis of PTSD sufferers reveals that 62% of those who have undergone psychotherapy alone fell below diagnostic thresholds for the condition. In short, MDMA may be an effective method of maximizing the impact of psychotherapy for PTSD sufferers. 

The theory behind MDMA-assisted psychotherapy

"(MDMA)-assisted psychotherapy is a novel approach that combines psychotherapy with limited administration of MDMA in a controlled setting to enable people suffering from PTSD to process trauma more effectively," reads the study. "MDMA’s unique subjective and therapeutic effects induce an optimal state that complements the process of working through traumatic memories while reducing the fear response.  Trauma theorists have asserted…
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Luxury Home Prices In Singapore Soar 13% As Vancouver Prices Crash 11%

Courtesy of ZeroHedge. View original post here.

Singapore has now overtaken Hong Kong as the top city for luxury home price gains in Q3.

Luxury home prices in Singapore were up 13% in the third quarter from the year prior, according to Knight Frank LLP’s Prime Global Cities Index. The rising prices were partly the result of limited supply of higher end properties.

Hong Kong instead fell to 14th place, with just a 5.5% year-over-year gain during the third quarter.

And the rise in Singapore does little to offer a picture of what the luxury property market looks like globally. Worldwide, luxury properties rose by just 2.7% on average across the 43 cities that make up the index – this is the weakest performance in annual terms in almost 6 years.

Cities like Edinburgh and Madrid found themselves in the top five, while London wound up moving into negative territory, watching prices fall 2.9% as a result of the continuing uncertainty around Brexit. Cities like Paris and Berlin posted steady gains of 5.6% and 5.4%, respectively.

Also among the decliners was Dubai, where prices fell 3.8% resulting in the middle eastern city being the fifth worst on the list. Stockholm, Istanbul and Taipei all registered 6.3% year-over-year declines, tying them all for second worst place.

Finally, pulling up the rear is Vancouver, where we have spent time documenting a collapsing real estate bubble over the last couple of months. Vancouver saw its luxury home prices down 11% as more affluent pockets of the city, like West Vancouver, saw a pronounced slowdown in sales.

At the beginning of October, we asked readers what happens when prices rise so high that a chasm forms between bids and asks in Vancouver? The market grinds to a halt.

That’s what happened in September, when according to the Real Estate Board of Vancouver (REBGV), residential property sales tumbled by 17.3% from August 2018, and a whopping 43.5% from one year ago. In fact, a total of only 1,595 transactions took place as both buyers and sellers continue to sit on their hands amid confusion whether the recent torrid price gains will continue or whether the housing bubble has burst.

Sales of detached properties in July was just 508, a decrease of 40.4% from the 852 recorded in September 2017, and the 812 apartments sold was a 44% drop compared to…
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Facebook Approves Political Ads From 100 Out Of 100 Fake Senators

Courtesy of ZeroHedge. View original post here.

Facebook approved political ads by journalists pretending to be political candidates 100 out of 100 times, according to a report by VICE

One of Facebook’s major efforts to add transparency to political advertisements is a required “Paid for by” disclosure at the top of each ad supposedly telling users who is paying for political ads that show up in their news feeds.

But on the eve of the 2018 midterm elections, a VICE News investigation found the “Paid for by” feature is easily manipulated and appears to allow anyone to lie about who is paying for a political ad, or to pose as someone paying for the ad. -VICE

To test Facebook’s system, VICE News applied to run ads on behalf of all 100 sitting US senators, “including ads “Paid for by” Mitch McConnell and Chuck Schumer.” Each and every one was approved, suggesting that anyone can buy a political ad and pretend to be a major US politician

While VICE didn’t actually buy any advertising, Facebook granted permission for the fake senators to share ads from fake political groups such as “Cookies for Political Transparency,” and “Ninja Turtles PAC.” 

Last week, VICE conducted a test in which they sought and received approval to run political ads pretending to be Mike Pence, DNC Chairman Tom Perez and the Islamic State Group. An attempt to place an ad posing as Hillary Clinton was not approved

But these tests show that compliance with the feature is entirely voluntary, meaning a tool that Facebook introduced to increase trust in advertising can also be used as a vector for misinformation, and another way bad actors can game Facebook’s platform. -VICE

“If Facebook is going to claim to verify who’s paying for political ads, they need to actually do the work,” said Oregon Senator Ron Wyden (D), who added “Clearly it needs to do far more to combat fraudulent and false content, both in paid advertisements and viral posts.”

Facebook confirmed their approval of the 100 “Paid for by” disclosures by fake Senators, adding that they never should have been approved. Hilariously, they argued that the feature has brought a new level of transparency to political advertisements, suggesting that we should focus on the big picture. 

“We know we can’t do this alone, and by housing these ads for up to seven…
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Zero Hedge

WeWork Board, Softbank Officials Push For CEO Neumann's Ouster

Courtesy of ZeroHedge View original post here.

The odds of WeWork co-founder and CEO Adam Neumann becoming "the world's first trillionaire"  maybe about to take another major hit.

In what appears to be the latest attempt to salvage the farce that is the WeWork IPO (and the massive hole it will leave in Masayoshi Son's balance sheet and credibility), ...



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Insider Scoop

Notable Insider Buys In The Past Week: AbbVie, Kraft Heinz And More

Courtesy of Benzinga

Insider buying can be an encouraging signal for potential investors.

A packaged food giant and two drugmakers saw notable insider buying activity this past week.

Some of this insider buying occurred alongside insider sales.

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. So insider...



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Phil's Favorites

Peloton IPO Guide... And Why It Makes No Sense

Courtesy of ZeroHedge

By Scott Willis via Grizzle.com

BOTTOM LINE

At the end of the day, Peloton is a gym membership pretending to be a tech company.

We fully admit the product is exciting and unique in the market, but Peloton still faces the same problem...



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Digital Currencies

Buyer beware: How Libra differs from Bitcoin

 

Buyer beware: How Libra differs from Bitcoin

Recent revelations about the lack of privacy protections in place at the companies involved in Facebook’s new Libra crytocurrency raise concerns about how much trust users can place in Libra. (Shutterstock)

Courtesy of Alfred Lehar, University of Calgary

Facebook, the largest social network in the world, stunned the world earlier this year with the announcement of its own cryptocurrency, Libra.

The launch has raised questions about the difference between Libra and existing cryptocurrencies, as well as the implications of private companies competing with s...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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The Technical Traders

Is A Price Revaluation Event About To Happen?

Courtesy of Technical Traders

Skilled technical traders must be aware that price is setting up for a breakout or breakdown event with recent Doji, Hammer
and other narrow range price bars.  These types of Japanese Candlestick patterns are warnings that price is coiling into
a tight range and the more we see them in a series, the more likely price is building up some type of explosive price breakout/breakdown move in the near future.  The ES (S&P 500 E-mini futures) chart is a perfect example of these types of price bars on the Daily chart (see below).

Tri-Star Tops, Three River Evening Star patterns, Hammers/Hangmen and Dojis are all very common near extreme price peaks and troughs.  The rea...



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Kimble Charting Solutions

India About To Experience Major Strength? Possible Says Joe Friday

Courtesy of Chris Kimble

If one invested in the India ETF (INDA) back in January of 2012, your total 7-year return would be 24%. During the same time frame, the S&P 500 made 124%. The 7-year spread between the two is a large 100%!

Are things about to improve for the INDA ETF and could it be time for the relative weakness to change? Possible!

This chart looks at the INDA/SPX ratio since early 2012. The ratio continues to be in a major downtrend.

The ratio hit a 7-year low a few months ago and this week it kissed those lows again at (1). The ratio near weeks end is attempting to...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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