Featured Article

DraftKings’ sports betting launch in New Jersey has been immensely successful and the company is eyeing consistent growth as it launches into more states.

Since the company launched legal sports betting in New Jersey in August of 2018, CEO Jason Robins says the state now makes up nearly a third of DraftKings revenue despite making up less than 3% of the U.S. population.

Continued Expansion

As the company expects to launch in Indiana, West Virginia, Pennsylvania and Iowa over the course of the upcoming NFL season, DraftKings could see sustained growth for years as more states allow for legal sports betting….CLICK for complete article

Another Massively Important Financial Story That’s Being Overlooked

I think most understand that record low interest rates are welcomed by borrowers but what about the devastating impact of negative interest rates on pension funds’ ability to pay benefits to retirees.

SNC Lavalin Scandal Tells Us a Lot About Ourselves

Some people will care about the Ethics Commissioners report regarding the made in Liberal land SNC Lavalin scandal – some won’t and no Facebook post or tweet is going to change that.

Superforecasting A Bear Market

There’s an ongoing debate about whether or not the U.S. is approaching a recession. As an investor, this question is of utmost importance. It is precisely at these times when fortunes can be made and lost. There’s no shortage of pundits with strong opinions in both the affirmative and negative camps armed with plausible narratives and supporting data sets. How to decide which side to take? Applying some proven forecasting methods to historical data can help bring clarity to this question.

Forecasting is tricky business. It’s really hard to do well consistently, especially in investing.

Fortunately for us, Philip Tetlock has made a study of forecasting. In the book Superforecasting: The Art and Science of Prediction (aka Superforecasting) he and coauthor Dan Gardner share their findings of a multi-year study aimed to discover the best forecasters, uncover their methods, and to determine if forecasting skills could improve. There are many great lessons conveyed in the book. We can thus apply them to our problem at hand: the question of whether or not the U.S. will enter a recession….CLICK for complete article

Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad

The bank of mom and dad may be undergoing an aggressive expansion. Teranet, Canada’s largest land registry operator, conducted an analysis on ownership in Ontario. First-time buyers scoring a place on their own is on the slide. Most aggressively taking its place, is buying with a second owner at least 20 years older. The firm believes this may confirm what you already know – more people need help from mom and dad.

Fewer Homes Have One Owner On The Title

Higher prices mean fewer first-time buyers are pursuing homeownership alone. The rate of condo apartments with only one person on title was 57.1% in 2012, and fell to 48.4% by 2018. For all home types (the general market), the rate fell from 40.2% to 33.9% over the same period. Double income households? Shocking… not. What is interesting is who they’re buying with….CLICK for complete article