This Cool Video was posted on You Tube by Josip Sulj. It shows the history and location of nuclear tests from 1945 through 1998. Apparently it was first created by a Japanese scientist and Mr Sulj sped it up and posted it. A scary and provocative video in a little more than 7 minutes.
Legendary investor Peter Lynch (formerly of Fidelity’s Magellan Fund) sat down for a rare interview with Charlie Rose. In it, he talks about philanthropy, what makes good management, and more.
Lynch notes that he’s now working with some young analysts but the only investing he’s doing now is for himself and for charity.
He joked that he was a “bottom down” investor. He likes to invest in the second or third inning of a story, noting that you could have bought Walmart (WMT) ten years after it went public and still done extremely well on that investment.
He identified the three C’s in investing: complacency, concern, and capitulation. He said complacency is the worst one.>> Read More
“Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.
In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn’t. I think that’s what’s happening with commodities now.”
On the next crisis:
“2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits…
debt has gone through the roof, the next one’s gonna be really bad“
“I guess so,” Greenspan said, adding, “You really have to stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. But if you ask me, ‘Is this a bubble in Bitcoin?’ ‘Yeah, it’s a bubble.”
People are baffled by this remark.
That’s because Greenspan refused to call the housing bubble a bubble, and presided over the dot-com bubbledespite seemingly having recognized it as such as far back as 1996, when he made his “irrational exuberance” speech.
FRANKEN: Well, let’s use the “P” word here. This is propaganda when it comes from the White House: government covering the government. It’s not what you’re supposed to do in the United States of America. But we have an administration, every president gets to the point where he dislikes the press. It’s that simple. And every administration tries to manipulate the press. But this is the most hostile to the media that has been in United States history. Not only do we have this thing where they’re…
[Interviewer]: Wait, you would go that far?
FRANKEN: I would go that far.
[Interviewer]: The most hostile in history?
FRANKEN: The most hostile because first of all, we have the situation where they are in fact shutting out the press. And by the way, when they say you can’t have every photographer in, they know full-well that there’s a thing called a pool, which is to say you have one representative from each of the media that represents all of them and shares the pictures and the sound and all that kind of thing. So that’s totally disingenuous, which is a polite word.>> Read More
In this SGTReport roundtable discussion which also includes the Doc from Silver Doctors, we examine the strange recent purchase of gold contracts with a $3,000 strike price in 2015. We cover the PROVEN Gold and Silver manipulation with the London fix, we chat about the new gold-backed crypto-currency known as e-gold, and we finish with the gripping story of the very real drain of PHYSICAL from the Comex. According to Turd, ‘We know that for the first time anyone can remember, the US banks are net long Comex gold futures, US banks meaning JP Morgan. And net long to the point of having CORNERED the paper gold market in New York because the position is so large. I’m talking the extent of 20% of open interest. And now we’re heading into the December delivery period…