Fail

In Epic Letter, Elliott's Singer Rages Against Everything From Passive Investing To "Safe Spaces"

"...passive investing is in danger of devouring capitalism.  Government manipulation of securities prices has created the illusion that simply holding stocks and bonds in their index weights and sitting back arms folded is the perfect investment strategy.  What may have been a clever idea in its infancy has grown into a blob which is destructive to the growth-creating and consensus-building prospects of free-market capitalism."

Aussie 'War On Cash' Tsar: "Consumers Are Part Of The Problem"

"Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts. Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is, and suggests that cash should expire after a designated period of time."

Europe's Banking Dysfunction Worsens

Investors who think that Europe is close to adopting an effective approach to dealing with failing banks may want to think again....

How To Destroy An Economy - India's New Tax System Is "Mind-Bogglingly Inane"

"...India's new Goods and Services Tax is mind-bogglingly inane...Modi has been able to mesmerize voters to an extent that he can make even pain appear as something that is pleasurable and he has been able to conquer state after state and has an invincible aura about him now. Such acts always bring Goebbels to my mind."

TDB's picture

Anyone who thinks they are witnessing Trump’s unraveling or downfall is sorely mistaken. This is exactly what Trump wants. This is his marketing strategy. This is the reality TV show environment in which he thrives. Not as an effective leader, but as a celebrity, a star, an entertainer, a villain, a martyr, whatever.