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This morning as I glanced at the headlines, I had to sit back and wonder– when did the world get so crazy? Interest rates across the West are at zero or negative. Bankrupt governments are selling 100-year bonds with tiny interest rates, while others have convinced investors to pay for
The year was 1999. I was 20 years old. And like most 20 year olds, I knew EVERYTHING. Or at least I thought I did. I was a young West Point cadet at the time, and I’d just received a bank loan of more than $22,000. This is something that
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] “Suffice it to say that volatility and risk are not the same thing, but that for reasons which remain obscure most of the investment world chooses to treat them as if they are. The only one that
In a bizarre story disclosed over the weekend, we learned that Belgium’s Princess Astrid was robbed by two assailants on a motorbike. The thieves apparently approached her while she was sitting in traffic, smashed in her window, snatched the Royal Handbag, and sped off with over 2,000 euros in cash.
On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that, “We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might
“Offshore”. It’s practically a dirty word now. The O-word. The mere concept of “offshore” is automatically associated with criminal activity, tax evasion, and terror financing. Consider the notion of offshore banking. The immediate image that comes to mind is some moustache-twirling billionaire tax cheat hiding his ill-gotten gains in a
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