Well, not paying you that is… THERE are at least three serious impediments that prevent fund managers from doing their job – to make the best possible return for their clients – properly, writes fund manager Tim Price on his ThePriceOfEverything blog. The first, and the most critical, is that the main commercial driver of fund management organisations is …
But new interest in buying gold holds ‘bear market’ lows… GOLD BUYING among private investors rallied in June as prices fell hardest in over 18 months, writes Adrian Ash at BullionVault. Last Friday completed gold’s worst monthly price drop since Donald Trump won the US presidential election in November 2016. As gold prices fell 4.2% across the …
A big source of EM instability… The U.S. DOLLAR constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions, writes Jim Rickards in The Daily Reckoning. So the Dollar’s strength or weakness can have an enormous impact on global markets. Using the Fed’s broad real trade-weighted Dollar index (my favorite foreign …
Not quite Heraclitus, but hey… WE CAME to Paris for a meeting…and to celebrate a wedding anniversary, reports Bill Bonner in his Diary of a Rogue Economist. “Doesn’t Paris make you feel young again?” asked the person with whom we were recalling 34 years of married life, much of it spent in Paris. “I see the little children …
Lira’s currency failure easy to fix… TURKEY is in the headlines again for the falling value of the Turkish Lira, writes Nathan Lewis at New World Economics in this article first published at Forbes. We get the same old story about how the central bank is “doing everything it can” to support the Lira’s value, including an increase in policy …