The Inconvenient Truth About Electric Vehicles

Electricity is a specialty product. It's not appropriate for transportation. It looks cheap at this time, but that's because it was designed for toasters, not transportation. Increase the amount of wiring and infrastructure by a factor of a thousand, and it's not cheap.

Hedge Fund CIO: What Central Banks Have Done Is "Stunning, Unprecedented"

"... volatility suppression at the lows is much easier in many ways than at the highs. In a crisis, our central banks simply go full-throttle. At the highs though, they seek the unattainable, which is perfect economic balance in a world that is inherently unstable - they attempt to crystallize the entire ecosystem. Which is as arrogant as it is impossible."

Central Banks' Obsession With Price Stability Leads To Economic Instability

The Fed’s monetary policy that aims at stabilizing the price level by implication affects the rate of growth of money supply. Since changes in money supply are not neutral, this means that a central bank policy amounts to the tampering with relative prices, which leads to the disruption of the efficient allocation of resources.

Trump On Election Hacking: "Could Have Been China"

"If you don't catch a hacker, okay, in the act, it's very hard to say who did the hacking," Trump said in an interview with CBS "Face the Nation." "(It) could have been China, could have been a lot of different groups."

Russian Oligarch Suffers 50% Loss On Singapore Real Estate Sale

A Russian national suffered a 52% loss on a recent purchase of a Singapore apartment, bought from the developer at $12.8 million or $3,146 psf in June 2010, and which was subsequently sold for $6.2 million or $1,524 psf by a private treaty.

Homeownership Among US Millennials At All Time Low

The homeownership rate for Americans 35 and younger slumped from 34.7% as of December 2016 to 34.3%, in line with the lowest rate reported by the Census Bureau going back nearly a quarter century.

Eric Peters: If Rates Ever Rise Above 3.5% "It Would Spark Massive Defaults"

"if we tested the Fisher Model by raising interest rates meaningfully, we’d spark massive defaults. Unemployment would jump dramatically. In the 30yrs since Greenspan became Fed Chairman, borrowers have learned this lesson and responded by leveraging up. And that’s why US interest rates will never rise sustainably above 3.5%."

And The Worst-Performing Currency Since Trump's Election Is...

Putting aside the hyperinflationary collapse of Venezuela's black market Bolivar, the Mexican Peso continues to languish since Donald Trump was elected President in Nov 2016 as trade wars and border wall discussion weigh the currency down. On the other hand, amid economic stumbles and nuclear armageddon on its doorstep, the Korean Won is outperforming...

The Relentless Push Towards War

"The only real constant to be found in both European and US politics is war. It doesn’t seem to matter who’s in office in the US - Republican/Democrat, conservative/liberal - there’s a war machine constantly running. My concern is that there's a building risk that one day that war machine is going to bust apart."

Iranian TV CEO Assassinated In Istanbul

The founder and CEO of Iran's satellite TV network Gem TV, Saeed Karimian, 45, who in 2016 was tried in absentia and sentenced to six years in prison by a Tehran court for "spreading propaganda against Iran", was shot dead in Istanbul.