Gambling

Traders Yawn After Fed's "Great Unwind"

One day after the Fed unveiled the "Great Unwinding" the reaction has been largely muted, with S&P futures unchanged, near all-time highs as European and Asian shares rose modestly while the dollar edged marginally lower through the European session after yesterday’s post-Fed surge.

This Fascinating City Within Hong Kong Was Lawless For Decades

There are very few places on Earth that remain ungoverned, and even the tiniest islands and city-states tend to have rules in place for things like taxation and citizenship. Government control is an established reality for most of the world, but what would happen if a neighborhood in your city suddenly became a lawless free-for-all?

Frontrunning: September 1

  • August Jobs Report Expected to Show a Slowdown in Hiring (WSJ)
  • Emotions Swell as Houston Begins Cleanup (WSJ)
  • Fuel shortages to hamper Labor Day travel (Reuters)
  • Harvey’s Made the World’s Most Important Chemical a Rare Commodity (BBG)
  • Economists Consistently Overestimate U.S. August Payrolls (BBG)

Greeks Rejoice - Government Scraps Controversial Wine Consumption Tax

While austerity still reigns supreme over Greek society, amid resurgent refugee arrivals, still near-record high youth unemployment, record-high suicide rates, and a constant brain-drain exodus of young talent, this weekend saw a brief silver lining as the government decided to scrap the controversial special consumption tax on wine.

Eclipse Day Begins With S&P Futures Flat While Industrial Metals Soar

S&P500 futures, as well as Asian and European stocks, started off the week off unchanged after the S&P cash index fell to its lowest level in five weeks on Friday, with the "Bannon rally" fading on growing concerns about the US political situation, while tensions ratcheted up again as the US and South Korea began massive military drills

Some Thoughts On "Long-Term Investing"

Investing just for the sake of having your money in the stock market is a fools bet. As the old adage goes: “If you are sitting at a poker table and can’t figure out who the pigeon is…it is probably you.”

Frontrunning: August 8

  • Tax Overhaul Effort Shaped by Debate Over Corporations (WSJ)
  • Funds target 'unknown' stocks as Wall Street cuts analyst jobs (Reuters)
  • GOP Plans Tax Compromise to Sidestep Democrats (BBG)
  • Few expect Trump's 15-percent corporate tax rate: Deloitte survey (Reuters)
  • Raid on Venezuelan Base Got Help From Active Officers (WSJ)
  • Hackers demand million in ransom for stolen HBO data (AP)