Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s been a month since the election and here’s what’s clear: crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s cabinet picks.
How To Save For Retirement (reflector, satire)
Remove extraneous expenses from your superfluous lifestyle by adopting the sparse, contemplative life of a Theravada Buddhist monk.
“If the site is flagrantly false with respect to things that can be checked, why pray tell did the Washington Post and its fellow useful idiots in the mainstream media validate and amplify its message? Strong claims demand strong proofs, yet the Post appeared content to give a megaphone to people who make stuff up with abandon. No wonder the members of PropOrNot hide as much as they can about what they are up to; more transparency would expose their work to be a tissue of lies.”
Top Hedge Funds Predict How It All Will End (pinecarr)
For instance, the Bank of England is buying the debt of firms it deems make “a material contribution” to the U.K. economy. That has led some investment banks and companies to create new debt especially for it to buy. The ECB has bought €48.2 billion ($51.2 billion) of corporate debt since June, but the hoped-for private-sector investment hasn’t materialized.
“What does a market do? It’s a voting mechanism,” said Michael Hintze, billionaire founder of hedge fund CQS, which runs around $12 billion in assets. “Instead you’ve got this 800-pound gorilla out there who’s hoovering up assets. “There’s a misallocation of capital and an opportunity cost to the real economy,” added Mr. Hintze, whose portfolio is up 30% this year, ranking it one of the world’s top-performing hedge funds. “It means GDP is not growing as much as it might.”
A state-funded 2011 report on one Chicago hospital found “woefully inadequate” staffing levels, a “repeated and willful failure by UHS officials to ensure that their staff were properly trained,” and a pattern of admitting more patients than it had room for “in an effort to maximize financial profit.” Investigators also flagged broader concerns, citing “troubling reports suggesting a pattern of quality of care issues, harm to patients, or major healthcare fraud charges involving UHS-operating facilities in a dozen other states.”
Gold Versus Dollar Devaluations (GE Christenson)
The reserve currency status of the dollar is vulnerable. The euro and the pound are weak but eventually the miserable fundamentals for the dollar will manifest as a weaker dollar versus most other fiat currencies. Confidence in the U.S. government and the dollar could weaken considerably.
Crude Rises Ahead Of Non-OPEC Meeting (Josh O.)
The KRG controls ~550,000 bpd, and has indicated that it doesn’t plan to scale back on production. Iraq needs to cut production by 210,000 bpd to meet its OPEC cut quota, but 90 percent of the crude produced in the non-Kurdish controlled areas is operated by international oil companies. The state-run oil company controls some 440,000 bpd of Iraq’s production, with 280,000 bpd of this in the south. These fields are the ones that are expected to feel the brunt of the OPEC production cut:
When Fuller was growing up in the 1960s, his family’s farm had seven cash crops plus cattle, pigs and chickens. In the 1970s, the operation doubled in size, partially with rented acres, and began moving along with the mainstream to corn, soybeans and feedlot cattle. Fuller left his family’s operation and started his own farm in 1981. By the mid 1990s, he managed a combination of 3,200 owned and rented acres, mostly corn and soybeans, and enjoyed good yields.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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