Juggling Dynamite

Panama Papers revelations have stoked global outrage at the entitlement of the super-rich.  The Current goes inside the minds of the one per cent and looks at how money can impact psychology.  Here is a direct audio link.

For further complexion on growing up wealthy, Anderson Cooper and his mother, Gloria Vanderbilt, talk about their new book, “The Rainbow Comes and Goes.” Here is a direct video link.

In 2013 Copper explained to Howard Stern that he does not ‘believe in inheritance’ and is not a beneficiary in his mother’s will. Here is a direct audio link.  Interesting perspective.

Jonestrading Chief Market Strategist Michael O’Rourke discusses his outlook for the markets. Here is a direct video link.

This chart of the S&P 500 since 1996 goes well with this discussion.

Chart source: David Stockman

As does this one of US Profits (blue line) and business investment (yellow) over the same time frame.  Note how the stock market has lagged the profit cycle throughout.  A year over year profit decline of 10% (as seen since 2015) has marked the onset of previous recessions in both 2001 and 2008 even as delirious stock prices (above) were topping out.

Chart source: CNBC

In this video the team is telling more about the project, the work behind it and how the security measures impacted their daily work life over the past year. Here is a direct video link.