Real Estate, Reflexivity, and Second-Order Effects
“Reflexivity” is a strange word. For investors, it’s important to know what it means. This is because markets are reflexive — that…
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Bitcoin’s Volatility is a Red Herring
Deutsche Bank has a new report out on digital payments, covering the long-term migration of payment mechanisms from cash to cryptocurrencies. The report is…
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Reality isn’t a Simulation, but the Simulations are Coming
Is reality actually real? What if it’s all just a simulation? For technology enthusiasts and science fiction fans, the question is fun…
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Three Signs Market Sentiment Has Reached Dangerous Extremes
Investors are starting to believe — to really and truly believe — in the power of the Federal Reserve. This is centered around a…
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The China Coronavirus and Deadly Echoes of SARS
Wuhan, China is a city of 11 million people. That makes it bigger than any U.S. city, including New York and Los Angeles. Huanggang,…
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Interest Rates Have Been Falling for 700 Years
Here is a finding that will bake your noodle: Interest rates have been falling for 700 years. From the early 1300s onward, the long-term…
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Jeff Bezos Wants to Read Your Palm
Jeff Bezos, the founder of Amazon, wants to read your palm. He doesn’t want to tell your fortune though. He wants to…
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Never, Ever Attend this Crypto Conference
There is a big crypto conference from Feb. 22 through 29. No matter how much you like cryptocurrency, you shouldn’t attend. Why?…
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Man Who Oversees $160 Billion Forecasts 30% Upside for Gold, Disaster for the Dollar
Bridgewater Associates is the world’s biggest hedge fund. It has assets under management of more than $160 billion. Bridgewater is also the most successful…
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The U.S.-China Phase One Signing is Bullish for Emerging Markets — and Bearish for the Dollar
As this article goes to press, the United States is preparing to sign a “phase one” trade deal with China. This is a…
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