In this section I list my personal library, by order of increasing complexity (and sometimes by the chronological order by which I read them) These books span a variety of subjects, from personal finance, economics, and varied investment methods, including paper assets, real estate, commodities and cryptocurrencies. These are just “suggestions”, based on the high […]
Summary: Durable goods orders in the US which measure the cost of orders received by manufacturers for goods that meant to last at least three years, jumped 1% month-over-month in October of 2022, following a downwardly revised 0.3% increase in September and beating market forecasts of a 0.4% rise. It is the biggest rise in
Weekly Review: 21-25 November 2022 Read More »
Summary: Retail sales in the US surged 1.3% month-over-month in October of 2022, the strongest increase in eight months, after a flat reading in September and beating market forecasts of a 1% gain. Sales at motor vehicle dealers were up 1.3% as supply chain constraints have been easing while rising gasoline costs pushed sales at
Week in Review: 14-18 November 2022 Read More »
Summary: This week’s highlights were the US midterm elections, the CPI report and the FTX crypto exchange bankruptcy. The annual inflation rate in the US slowed for a fourth month to 7.7% in October of 2022, the lowest since January, and below market forecasts of 8%. It compares with 8.2% in September. Compared to the
Week In Review: 7-11 November 2022 Read More »
Why gold? Why bother? Gold has no counter-party risk. Gold is a hard asset. You can but you don’t have to keep gold in a bank (it’s portable!). Gold has a lot of history as real money and as a wealth preservation mechanism. That is why many experts advice you to have 5-10 % of
The History of Gold – Why Gold? Read More »
Summary: This was another exciting week, with the release of important numbers regarding the economic and financial situation. Monday and Tuesday everybody was awaiting for the FED decision (FOMC meeting) regarding the FED funds rate increase and, most importantly, the president speech and its tone regarding future monetary policy. The 0.75 % rate increase was
Week in Review: 31 October-4 November 2022 Read More »
Summary: This week the UK gained (another!) new prime minister (let’s see how that goes), and Twitter (the bird) has been freed! In China, Xi has renewed his mandate, with key elements of the CCP on his side. Despite some of the bad news during this earnings season (META and Amazon, for example), the markets
Week in Review: 24-28 October 2022 Read More »
Summary: Another agitated week! Liz Truss went away, together with her minibudget, due to lack of credibility. The bond markets are stressed, with real rates increasing around the world. The economic outlook for next year remains gloomy. China gets its own paragraph. The BIG CCP meeting has been ongoing, and we are waiting for a
Week in Review: 17-21 October 2022 Read More »
The world economic forum (WEF), the International Monetary Fund (IMF), the World Health Organization (WHO), the United Nations (UN) – all of them have a noble mission. But when they conspire together, what you have is world domination. Central planning might be dangerous. The Great Reset: You Will Own Nothing and be Happy Video: WEF
You Will Own Nothing and be Happy – The Great Reset – The Big Planners Read More »
Summary: The week was agitated. The instability of the UK bond market and government, the still-hot inflation, the big market swings… What a week. We can only hope that after the next FED meeting (or the US elections) things get a bit clearer, because right now the markets seem range bound and with aggressive
Week in Review: 10-14 October 2022 Read More »
