The Future Of The Third World

"...the hope among people in the World Bank, the IMF, and other armchair intellectuals was that once the correct incentives were in place and institutions were organized, these structures imposed from on high would put the third world on a path to perpetual growth. They couldn’t have been more wrong..."

FX Week Ahead: Jackson Hole, And A Chance For Yellen To Fend Off Some USD Bashing

Coming off a mixed week for the USD, traders focus their attention on the Jackson Hole symposium which starts on Thursday, running through to Saturday.  Within this, Friday's address by the Fed chair will take centre stage, and for all the 'will she, won't she' talk about monetary policy, the market will be hanging on Janet Yellen's words, as the third rate hike for 2017 remains in the balance. 

Problems Too Big And Too Many To Fix: Trump Will Be The Fall Guy

"We are in this mess because Obamanomics, war-mongering, Fed policies, and social handouts created a budget mess but did not solve any problems. People revolted, and Trump got elected... So here we are, with everything broken, and we still cannot get anything done.. To the victor, goes the blame. Trump will be the fall guy when this mess blows up..."

Marc Faber: In The Age Of Cyber-Terrorism, Every Investor Must Own Gold

"...the biggest geopolitical risk for Americans today is not a conventional war but rather cyber-attacks that could take down the US power grid...In such a scenario, gold would become an irreplaceable medium of exchange. But it’s not the only reason to own gold today..."

Which States Have The Most Mortgage Fraud

Florida led the way by a large margin, with eight times the number of expected mortgage fraud investigations. Nevada came in second, with just more than 2.5 times the number of expected investigations. Those two states showed some of the worst declines during the collapse of the housing bubble.