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Hong Kong has for decades been one of the most stable places in the world. When the British took Hong Kong over in the late 1800s, it was nothing more than an irrelevant backwater made up of fishing villages and illiterate fishermen. But after a few decades, it became one
According to the latest jobs report, averages wages for US workers increased 3.1% – the strongest growth since 2009. Median individual income in the US is now around $31,000, which means the typical American put an extra $1,000 in their pocket last year. That’s solid extra cash. But if you
Something strange happened in the markets last month that signals trouble ahead… When stocks fell from their September highs, you would have expected investors to run for cover in the world’s safe-haven asset – US Treasurys. But that’s not what happened. While stocks were plunging, Treasurys also fell. Yields on
Buffett’s holding company, Berkshire Hathaway, just announced a blockbuster quarter, earning nearly $7 billion. And Buffett’s still sitting on over $100 billion of cash. That means he’s got enough money to buy almost any company he wants, anywhere in the world. But the only move Buffett made in the last
“Between now and November 6, you better put a catcher’s mask on your face because I’m going to stomp all over your face with golf spikes.” Unfortunately this isn’t trash talk from some middle school bully… it’s a public threat made by a Pennsylvania gubernatorial candidate to his incumbent opponent.
It wasn’t that long ago that IBM was easily the most dominant tech company in the world… the king of its industry. Back in the 1980s nearly every large company, government, and institution used IBM’s products and services. It was the ultimate. Yet over the last 30 or so years,
This one is pretty disturbing. In January 2016, Detroit police were tipped off that someone was selling small quantities of marijuana out of their home. Given that the City of Detroit’s murder rate exceeds that of Mexico, you’d think that the Police Department would have had bigger fish to fry.
In July 1996, flight TWA 800 exploded in mid-air, 12 minutes after taking off from JFK International Airport in New York. All 230 passengers on board were killed. It would be four years before an investigation concluded the likely cause of the explosion was a short circuit in the plane’s
[Editor’s note: Sovereign Man’s Chief Investment Strategist, Tim Staermose, is filling in for Simon today.] The year was 1999. I was working for a small newsletter company with its Asian research offices based in Manila, Philippines. The dotcom boom was in full swing. And, just like today, companies with no
Tell me this isn’t crazy– A few days ago the creator of the most famous consumer ‘credit score’ in the United States announced a major overhaul in how it rates borrowers. Consumers live and die by this ‘FICO score’. A high FICO score means that it’s easy to obtain loans
Apollo Robbins is better at what he does than anyone else in the world that I know is at what they do… He calls himself a gentleman thief… Apollo is a renowned pick pocket, magician and mentalist who has entertained crowds for years. But I think he’s so much more
Meital took one simple, legal step to save about $30,000 in taxes every year. She used to be an international photographer based in NYC, making about $100,000. But despite that income, she was still living paycheck-to-paycheck. As a self-employed person, she often forked over some $30,000-$50,000 in taxes to Uncle
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