'It could be structured by cows and we'd rate it' … A popular narrative of the ratings agencies' role in the financial crisis goes something like: banks paid ratings agencies a lot of money to rate mortgage-backed securities, so the ratings agencies gave a lot of those securities undeserved AAA ratings, so a lot of investors were deceived into thinking those securities were s...Read More
Looming property default in China raises fears of broader crisis … Nomura said the number of ghost towns has spread beyond the well-known disaster stories of Ordos and Wenzhou to at least eight other sites … China faces the biggest property default on record as credit curbs threaten to break the housing boom, leaving a string of "ghost towns" across the country. The Chinese n...Read More
'It could be structured by cows and we'd rate it' … A popular narrative of the ratings agencies' role in the financial crisis goes something like: banks paid ratings agencies a lot of money to rate mortgage-backed securities, so the ratings agencies gave a lot of those securities undeserved AAA ratings, so a lot of investors were deceived into thinking those securities were s...Read More
Looming property default in China raises fears of broader crisis … Nomura said the number of ghost towns has spread beyond the well-known disaster stories of Ordos and Wenzhou to at least eight other sites … China faces the biggest property default on record as credit curbs threaten to break the housing boom, leaving a string of "ghost towns" across the country. The Chinese n...Read More
George Soros Predicts Ukraine Could Ruin The EU … The billionaire financier says in its tepid response to Russia's Crimea land grab, the EU flubbed a key chance to breathe new life into the stale union. George Soros, one of the world's leading investors, has warned that the European Union is in danger of falling apart if it fails to confront Vladimir Putin's naked aggression in U...Read More
Gold is king, but there may be a better way to store wealth … A great investing mistake is to try to predict the future. Really, an investment decision is more about the price you pay and whether you can afford to be wrong … Bitcoin needs to move past its current use as a payments processing tool to a realistic medium-term store of value. Its chief competitor is clearly gold. – S...Read More
George Soros Predicts Ukraine Could Ruin The EU … The billionaire financier says in its tepid response to Russia's Crimea land grab, the EU flubbed a key chance to breathe new life into the stale union. George Soros, one of the world's leading investors, has warned that the European Union is in danger of falling apart if it fails to confront Vladimir Putin's naked aggression in U...Read More
Gold is king, but there may be a better way to store wealth … A great investing mistake is to try to predict the future. Really, an investment decision is more about the price you pay and whether you can afford to be wrong … Bitcoin needs to move past its current use as a payments processing tool to a realistic medium-term store of value. Its chief competitor is clearly gold. – S...Read More
This video is about Plato's conception of the Four Levels of KnowledgeRead More
2014 Mazda3 Celebrity Challenge - Albert Park - Race 1 - Race Starts at 3:54Read More
John Kerry: Russia has until Monday to reverse course in Ukraine … Secretary of State John Kerry warned of serious repercussions for Russia on Monday if last-ditch talks over the weekend to resolve the crisis in Ukraine failed to persuade Moscow to soften its stance. Kerry will travel to London for a Friday meeting with Russian Foreign Minister Sergey Lavrov ahead of a Sunday referendum vote...Read More
Holder backs plan to ease sentences for low-level drug dealers – Justice department says plan would lower dealer's average sentence by 11 months and reduce size of US prison population …The Obama administration on Thursday threw its weight behind a proposal designed to help reduce the massive US prison population … Attorney general Eric Holder on Thursday endorsed a proposal...Read More
John Kerry: Russia has until Monday to reverse course in Ukraine … Secretary of State John Kerry warned of serious repercussions for Russia on Monday if last-ditch talks over the weekend to resolve the crisis in Ukraine failed to persuade Moscow to soften its stance. Kerry will travel to London for a Friday meeting with Russian Foreign Minister Sergey Lavrov ahead of a Sunday referendum vote...Read More
Holder backs plan to ease sentences for low-level drug dealers – Justice department says plan would lower dealer's average sentence by 11 months and reduce size of US prison population …The Obama administration on Thursday threw its weight behind a proposal designed to help reduce the massive US prison population … Attorney general Eric Holder on Thursday endorsed a proposal...Read More
I own Mines Management Stock; and Mines Management has not paid me, neither in cash, nor stock, to write this article.That means I make money only if the stock goes up in value.Mines Management stock is trading around $1.50/share as of March 13, 2014.Here are three ways to value the stock:1. NPV: price target: $27.5/share2. Resource leverage: 113:1 or 250:13. Expected PE ratio: price target $41/sh...Read More
Bank of England Sharpens Its Claws … There are lots of theories to explain the bubble and bust that wrecked so many people's lives over the past 10 years, but none is pithier than the common attitude of "I'll be gone, you'll be gone" among mid-level finance employees who actually make the big decisions about where to take risk. That's why the Bank of England should...Read More
The political classes have brought UKIP on themselves … In a seminal referendum in California in 1978, the public endorsed Proposition 13, limiting property taxes. It was described as a "primal scream by the People against Big Government". The British public are now delivering a primal scream of their own. Politicians, beware: only 23 per cent of people are satisfied with the way t...Read More
Bank of England Sharpens Its Claws … There are lots of theories to explain the bubble and bust that wrecked so many people's lives over the past 10 years, but none is pithier than the common attitude of "I'll be gone, you'll be gone" among mid-level finance employees who actually make the big decisions about where to take risk. That's why the Bank of England should...Read More
The political classes have brought UKIP on themselves … In a seminal referendum in California in 1978, the public endorsed Proposition 13, limiting property taxes. It was described as a "primal scream by the People against Big Government". The British public are now delivering a primal scream of their own. Politicians, beware: only 23 per cent of people are satisfied with the way t...Read More
AIS files class-action suit against gold-fix banks … A U.S. investment-management firm has filed a lawsuit against the five banks that set the London benchmark gold price, alleging that the banks conspired to manipulate the price of gold for their own gain. – MarketWatchDominant Social Theme: Why would these people file a class-action lawsuit? They're bottom feeders. Gold is not ma...Read More