Archive - Nov 20, 2013 - Blog entry

3 Senators with Top Secret Clearance “Have Reviewed This Surveillance Extensively and Have Seen No Evidence That The Bulk Collection of Americans’ Phone Records Has Provided Any Intelligence of Value That Could Not Have Been Gathered Through Less Intrusive Means”

Crowdfunding now going mainstream in SouthEast Asia

The Law demands that we atone;

When we take things that we don't own;

But leaves the lords and ladies fine;

Who take things that are yours and mine... (Anon.)

The Fed’s economic models, and 99% of the economic models employed by Central Banks in general, believe that monetary easing can bring about an economic recovery. The primary argument for this crowd if QE has thus far failed to produce a recovery is that the QE efforts have not been big enough. And then there’s Japan...

“This is different" and "this location is different" is the mantra of every property bubble. We will soon see if the London property bubble is truly different or will suffer the fate of the bubbles throughout history. Of the four charts in our market update today, which ones do you think show characteristics of a bubble? Those diversifying and buying gold in the UK will be rewarded in the coming years. The smart money is reducing exposure to overvalued London property and increasing exposure to undervalued gold. 

Five years ago it was worth $0. Then, a month and a half ago it went to $150 a piece. On Monday it shot to over $600.