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[Editor’s Note: Sovereign Man Chief Investment Strategist Tim Staermose is filling in for Simon today.] Hong Kong’s total population is around 7 million. The workforce is 3.75 million. So generous are the tax breaks and allowances, only about 1.5 million people pay any tax at all. A single person can earn HK$108,000 a
February 6th, 2012 Santiago, Chile In one of the most shamefully disingenuous reports we’ve seen in years, the US Labor Department released the latest employment figures on Friday showing that the headline US unemployment rate had fallen to 8.3%. Champagne and sound bites were pre-positioned in Washington as the self-congratulatory praise flowed like
February 3rd, 2012 Talca, Chile After a week away, I’m really happy to be back down on the farm in Chile. This is one of the most peaceful places I’ve ever been on the planet… and each day, it’s becoming more and more a place where all of the fiat bubble kleptocratic nonsense
February 2, 2012 Undisclosed location If you’re like almost every single Internet user on the planet, you probably use Google for something. Maybe Gmail, maybe Google search, maybe Google Docs, maybe Google Voice… or maybe all of the above. Google recently began circulating a new privacy policy that will take place effective March
February 1st, 2012 Location Undisclosed The latest Case-Shiller numbers released yesterday showed that the US residential housing market is still very weak. After three straight months of declines, home prices are now at 2003 levels. Duh. To some, it was a shocking revelation. The pundits I saw discussing it yesterday practically had a
