Elon Musk Returns to Twitter to Endorse Meme Crypto Dogecoin
02/04/2021 7:51 AMTesla Inc. co-founder Elon Musk returned from his self-imposed Twitter break to send a series of tweets about joke cryptocurrency Dogecoin. “No highs, no lows, only Doge,” Musk wrote. He also posted a meme from the Disney movie The Lion King, showing the monkey...
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The ‘Index Of The Volume Of Speculation’ Blows Off
02/04/2021 7:45 AM“Even the most circumspect friend of the market would concede that the volume of brokers’ loans—of loans collateraled by the securities purchased on margin—is a good index of the volume of speculation.” -John Kenneth Galbraith, The Great Crash 1929 There are all...
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As Deficits Increase – Our Choices to Avoid the Consequences Shrink
02/04/2021 7:19 AMWhat do you think would happen if the Bank of Canada stopped financing the government's borrowing by buying...
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Schachter’s Eye on Energy – Feb. 3rd
02/03/2021 12:54 PMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with...
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Watch Out Bezos, Washington State Mulling ‘Billionaire Tax’
02/03/2021 7:59 AMUnder a bill proposed by Democratic Rep. Noel Frame of Seattle, a 1% tax would be levied on "extraordinary" intangible financial assets held anywhere in the world - including cash, stocks, bonds, publicly traded options and futures contracts, according to ABC News....
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The Game Stop Fairy Tale And Its Lesson
02/03/2021 7:41 AMThe Fed has charged the investment atmosphere. Today’s investors view markets as get rich quick schemes. Stories of investors turning thousands into hundreds of thousands litter social media. The problem is that such behavior is not natural nor sustainable. It...
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Michael Levy: Definitely Not a Business Model to Follow
02/03/2021 7:07 AMThe federal government announced yesterday that the yet to be approved Novavax vaccine will be manufactured in Canada. By promised a vaccine would be available to all Canadians by September do they mean this year or...
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Michael Levy: Unintended Consequences of the COVID-19 Pandemic
02/02/2021 7:50 AMOne of the secondary reactions to the COVID-19 pandemic is how a group of bored and at home day traders took on Wall St Hedge Fund managers resulting in a frenzied market that produced spectacular gains. But are they prepared to see the other side which will most...
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Silver or Red Hot Chilli Peppers?
02/02/2021 7:13 AMSo John (and Jack2343 and Jane1928273) went long, and silver went up, and physical silver split from paper - because if you are going to nail yourself to a cross of precious metal then do it properly, right? At least it made a change from the social media meme of...
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Market Jenga: At some point… it’s going to come crashing down…..
02/01/2021 8:14 AMThis is going to be an interesting Month. We’ve going to get it all: emotion, manipulation, the behaviour of crowds, what people want to believe, what is true, and fundamental facts about markets; primarily that any financial asset is only worth what people believe...
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