RUDE AWAKENING: Powell Slaps Congress – “DO YOUR JOB!”
It was right after my three-year mandatory stint as a combat soldier in the IDF that my friend and I decided to backpack through New Zealand and Australia.
Like Riding a Bicycle, JOE: WORST MARKET SINCE 1932!
President William Howard Taft, who presided over one of the worst banking shocks in U.S. history, was explaining to Woodrow Wilson, the incoming president, who got America its Federal Reserve and made the call to get America involved in WW1, that the job at the White House would isolate him greatly. “This is the loneliest place in the world,” Taft said. Wilson was stunned by the warning, but was even more shocked by the reality of it: “I never dreamed such loneliness and desolation of heart possible.”
CATASTROPHE STRIKES: My Bear Market MASTERPLAN!
The stock market is comprised of very different types of investors. For example, pension funds or sovereign wealth funds get a constant inflow of money and are mandated to deploy it and put it to work. These fund managers are dealing with tens of billions of dollars and even more.
BITCOIN Drops BELOW-$20K: GOLD SAYS HELLO!
Not many have heard the name Sam Zell, but the billionaire real estate tycoon is a well-known figure in his circles. When Sam's daughter was working with Stephen Schwarzman on Wall Street in the early 1980s, she told her dad that Schwarzman had left the investment bank he was with and founded a private equity firm called Blackstone.