Daily Archives: July 15, 2013

Inequality is real, it’s personal, it’s expensive and it was created. Today, 1% of Americans are taking home nearly 20% of the country’s total income and own nearly 35% of the country’s wealth. This didn’t happen by accident. As former … Continue reading →

This morning Asian stock markets staged a relief rally of sorts apparently on news that the Chinese economy (the world’s 2nd largest) expanded at an official annualized rate of 7.5% in the second quarter. This number although higher than some … Continue reading →

Mean reversion cycles are a constant through the market history of every single asset class. Campbell Harvey, professor of international business at Duke University, explains that the fair price of gold is $800 per ounce and argues that the precious … Continue reading →