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Investor’s Business Daily recently reported that just four investors made $491 Billion On 'Magnificent 7' Stocks This Year. Referring to the Magnificent 7, Matt Kranz at Investor’s Business Daily (IBD), notes that, “the top owners of these seven winning stocks, including Mark Zuckerberg at Meta Platforms, Jeff Bezos at Amazon.com, Elon Musk at…
How meaningful the election of Javier Milei’s as president of Argentina will be remains to be seen but noteworthy is that a number of important commentators took up the subject of Argentina’s economic decline over the last 100 years or so with great enthusiasm. And consider the larger effect on trade and domestic economic growth during this…
“Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.” Aleksandr Solzhenitsyn “Our Enemy, the Government,” is the title of an article by Ramesh Thakur (Thakur, is a former UN Assistant Secretary-General), which I read with delight since it agrees with my deep belief that…
Last month, we discussed among others how important the BRICS meeting in South Africa had been. More recently, I was reflecting about the importance of the BRICS meeting in contrast to the just completed UN General Assembly meeting in New York City, where when the Green/Communist German Chancellor Olaf Scholz addressed the assembly, hardly anyone…
A recent Bloomberg Opinion piece by Matthew Brooker caught my attention. Its title read: Women's Football Is Just Starting to Roar. According to Brooker, “Australia’s semi-final defeat was the country’s most-watched television show on record, with 11.15 million viewers at its peak" - astonishing in a nation where rugby union, rugby league,…
A recent Bloomberg article entitled The Super Rich Are Snapping Up Tokyo’s New Ultra-Luxury Homes states that, “The lack of uber-luxury apartments in Tokyo, a city otherwise full of indulgent shopping choices, has long baffled foreign investors. But that’s starting to change as new developments with sweeping views, swimming pools and 24-hour valets…
America Still Leads But Its Allies Are Uneasy, is the title of a recent Bloomberg opinion piece by Niall Ferguson. I have some reservations about Ferguson as an historian but to be fair to him, he is extremely knowledgeable and he is well connected around the world. In his essay he writes, “An essential ingredient of leadership is an inspiring…
Bloomberg recently reported that Bernard Arnault who controls LVMH - which holds a portfolio of about 75 luxury brands, including Louis Vuitton, Tiffany & Co., and Christian Dior - took the hit to his wealth the same day LVMH shares fell 5% in Paris. “However, Arnault still ranks No. 1 in the Bloomberg Billionaires Index’s ranking of the world’s…
According to New York Post, “Nearly third of New Yorkers want to move out, fed up with crime, housing costs, poor schools and more” (see New York Post, April 12, 2023). In recent reports I have described how both commercial and residential property prices in American and Canadian urban centers had been declining from admittedly inflated levels The …
A recent article in the Financial Times by Terry Smith made me laugh because it read, Why I never invest in bank shares - Silicon Valley Bank and Credit Suisse collapses prove my point. [Terry Smith was the Number 1-rated banking analyst in the Reuters and Institutional Investor surveys 1984-8.] In other words, here we have a banking analyst who…
Marc Faber