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On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that, “We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might
“Offshore”. It’s practically a dirty word now. The O-word. The mere concept of “offshore” is automatically associated with criminal activity, tax evasion, and terror financing. Consider the notion of offshore banking. The immediate image that comes to mind is some moustache-twirling billionaire tax cheat hiding his ill-gotten gains in a
All governments make absurd claims. But North Korea definitely wins the award for the most comical. Kim Jong-Il, North Korea’s “Dear Leader” from 1997 through 2011, had some priceless gems, including: He never once in his life needed to urinate or defecate He wrote over 1,500 books for North Korea’s
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] JW: “..Someone like Neil Woodford, star investor, who set up his own fund; he says the fundamentals of the economy will be unmoved [by Brexit] either way.. RA: “Well I’m afraid that every, every serious economic forecaster
Shocking. Astonishing. Jaw dropping. There’s just no other way to describe how cheap South Africa is right now. Between the worldwide decline in commodities prices, and a major crisis of confidence in the national government here, the local currency (South African rand) remains at the lowest level it’s been… ever.
Very few people know this about me. But, despite me being 37 years old, I actually have a little sister who recently turned 18 and just graduated from high school. Technically she’s my half-sister– after my parents got divorced, my father remarried and had another child when I was 19.
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