"So that’s our world: Stocks, bonds, and real estate – long since acquired by baby boomers who graduated college with minimal student debt – are way up, making us the richest generation ever. Meanwhile our kids and grandkids are going ever deeper in debt with no apparent way out."
"...effectively banning professional journalism from its pages in favor of personal content and opening space for ‘fake news’ to proliferate, Facebook became inhospitable terrain for those who want to offer quality content..."
"The dirty secret of Keynesian central banking is that under current circumstances its interventions have almost no impacton its famous dual mandate - stable prices and full employment on main street."
"The $171 billion in YTD stock buyback announcements is the most ever for this early in the year, and more than all of 2009. It is also more than double the prior 10 year average of $77 billion in YTD buyback announcements."
While Thiel is best known for venture investments like those in Facebook and PayPal, it was his macro strategy that positioned him to make a killing on last week’s spike in market volatility... and Termination Event in XIV.