Pure Corruption

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In December 1999, Princeton Professor Ben S. Bernanke wrote a relatively obscure paper largely denouncing the Bank of Japan’s shyness. Japan’s economy had by then been mired in its first Lost Decade, one which at that moment not everyone was sure should have been lost. It was fashionable at the time to pile on the… Read More

A Bullish Bond Argument That Hides in Plain Sight

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It’s been awhile since I advised anyone to load up on long Treasuries. The bearish bond narrative has been too strong for that, thanks largely to fiscal policy but also to near-4% unemployment rates, quantitative tightening and—maybe most threatening of all—tit-for-tat tariffs. In fact, I challenge anyone to think of a time during the past… Read More

Ugly China’s American Mirror

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Yesterday, we spotlighted Brazil’s economy as perhaps a leading indicator for where things stand. Today, it’s China’s turn. Neither are very encouraging. Both offer instead only growing concern. The reason isn’t just the possibility of the world economy rolling over in 2018, rather it’s from what level any deceleration might have begun. Despite the characterization… Read More

Ramaphosa appoints Silas Ramaite as Acting National Director of Public Prosecutions

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Presidency media statement President Cyril Ramaphosa has appointed Dr Silas Ramaite as Acting National Director of Public Prosecutions (NDPP) following this week’s ruling by the Constitutional Court on the appointment of Advocate Shaun Abrahams. On Monday, 13 August 2018, the Constitutional Court declared as invalid and unconstitutional the appointment of Adv. Abrahams as NDPP, as… Read More

Users Guide for SA expats – UK money matters sorted

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*Sponsored content For many South Africans moving to the UK the devil is in the detail when it comes to settling in and setting up a home. Learning and understanding the nuances of a new country can take time and be frustrating, but can also be costly.  As an SA expat myself, these tips from… Read More

Meet Dark Money’s Secret $68 Million Donor

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Meet Dark Money’s Secret $68 Million Donor By Pam Martens and Russ Martens: August 14, 2018 ~ In 2010 we broke the news that a secretive nonprofit called Donors Capital Fund (with the fingerprints of billionaire Charles Koch all over it) had forked over $17,778,600 to fund a widely distributed race-baiting film in the weeks… Read More

Curro learner numbers hit 50,000 as half year headline earnings rise 25%

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Curro media statement Curro Holdings, the listed independent education provider, has today released its results for the first six months ending 30 June 2018, showing an 18% boost in revenue from R1,051 million to R1,242 million. Curro’s EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 31% from R255 million to R335 million, while headline… Read More

8 Myths About the Wilshire 5000 Index & Workplace AI

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Most investors are probably more familiar with the S&P 500 Index which is the go-to index for large-cap stocks…[with the] largest publicly-traded U.S. stocks by market capitalization, as well as other criteria. Today’s infographic comes to us from Raconteur and it helps paint a clearer picture about the nature of AI, while attempting to debunk… Read More

Overshadowing The Multi-year CPI High

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Overshadowed by the “dollar” last week was the Bureau of Labor Statistics. The BLS reported the US CPI had increased in July 2018 by the highest rate since December 2011. Running at 2.95% year-over-year, consumer prices accelerated a little from June’s pace. Not only that, the CPI’s core rate of inflation sped up to 2.35%.… Read More

Unwelcome August

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There is just something about August. It is irresistible, apparently, in all the wrong ways. For starters, there are big ones and small ones but somehow they all line up against liquidity and plentiful eurodollar money. In the former class there was, of course, August 9, 2007, August 9, 2011, and August 10, 2015. Even… Read More