Nightmare On Wall Street: Markets About To Become A Roller Coaster Without A Track?

From Business Insider Australia: “ALBERT EDWARDS: The Markets Will Become Locked In A ‘Freddy Kruger-Like’ Nightmare That Takes Stocks Down To Levels Not Seen In A Generation.” Profits and profit expectations are ultimate what drive stock prices. And the worry is that fragile and weak profit growth is about to make a big turn for the worse. “One thing [SocGen’s Andrew Lapthorne] has been highlighting for some months is just how incredibly anemic profits growth has been in both the developed Read more […]

What Do The Rich Know That No One Is Telling Us?

Think the stock market is going to go higher? I suspect some people may disagree with you. A new survey of family offices by Citi finds that the wealthy are cash heavy—meaning they may fall short of the investment returns they’re expecting. Wealthy families have about 39 percent of their assets in cash, according to a recent poll of more than 50 large family office representatives from 20 countries conducted by Citi Private Bank. Stocks represented about 25 percent of portfolios on average. Read more […]

Keep Obama’s Drones Away From US Airports!

Drones are a known danger to their targets, and anyone else within the blast radius of the missiles they fire. But the Washington Post reports that they are a menace to civilian airports! “A review of thousands of pages of unclassified Air Force investigation reports, obtained by The Washington Post under public-records requests, shows that drones flying from civilian airports have been plagued by setbacks. Among the problems repeatedly cited are pilot error, mechanical failure, software bugs Read more […]