Let’s get the scary stuff out of the way upfront: Cybercrime costs the global economy $575 billion annually, according to reports. The United States takes a $100 billion hit, the largest of any country, according to Politico. A report from former U.S. intelligence officials counted 40 million people whose personal information was stolen within the past year.Online theft…Read More
This week, our Masters in Business radio podcast features Alan Krueger, former chairman of the U.S. Council of Economic Advisers. Krueger served as Chairman of the President’s Council of Economic Advisers, was a Cabinet Member from November 2011 to August 2013. He was Chief Economist of the U.S. Department of the Treasury in 2009-10, and as Chief Economist at the U.S….Read More
Pour yourself a strong mug of Côte d’Ivoire coffee, and enjoy our longer form weekend reads: • Curtis Macnguyen Is a Former Hedge Fund Star. And That Is Not Acceptable (Bloomberg) • How Do You Solve a Problem Like Consulting? (Chief Investment Officer) • The Pursuit of Beauty: Yitang Zhang solves a pure-math mystery (New Yorker) • Can civilisation reboot without fossil fuels?…Read More
Category: Financial Press
Succinct Summations week ending April 17th Positives: 1. The Hang Seng Index crossed 28,000 for the first time since 2007 2. Initial jobless claims rose to 294k vs the 280k expected (bellows 300k for 6 straight weeks). 3. Core CPI rose 1.8% vs expectations of a 1.7% rise. 4. The NAHB index rose to 56,…Read More
Every year, right after the April 15 tax deadline, the U.S. Census releases its data on the prior year’s state tax collections. It is a fascinating document, filled with great data points for tax and policy wonks. It reveals a good deal about the state of local economies, economic trends and results of specific policies. In…Read More
Stan Druckenmiller is betting on the unexpected. With one of the best long-term track records in money management, he is anticipating three surprises: Improving economy in China, Rising oil prices, and no Federal Reserve interest rate increase in 2015.
Stan Druckenmiller: Zero-Interest Rates Unnecessary