Author: Capitalist

Live From Davos: Ray Dalio, Christine Lagarde And Larry Summers Discuss How To Fix The “Middle Class Crisis”

How do you know with certainty that Davos has not only jumped the shark, but has become a parody of itself? One answer: when you have a handful of semi, and not so semi, billionaires – perplexed by the populist backlash of the past year – sit down and discuss among each other how a “Squeezed and Angry” middle-class should be fixed. As Davos puts it, “once the lynchpin of developed economies, it’s now threatened by job losses and stagnant wages, paving the way for the rise of populism. In emerging markets, middle class growth rates are stalling. Have...

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Trump Could Go Down As The Worst President… (But It Will Not Be His Fault)

Submitted by Nick Giambruno via, History books remember Herbert Hoover as one of the worst American presidents. Hoover, a Republican, was a rich and successful businessman with investments all over the world. He was also somewhat of an outsider, having never held elected office until he was inaugurated in March 1929. Today, people associate him with massive infrastructure projects like the Hoover Dam, as well as the Mexican repatriation program, which deported over 500,000 illegal Mexican immigrants. Hoover also placed tariffs on foreign products entering the US and established other protectionist trade policies. Of course, when people think...

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Trader Warns: The “Cure-Through-Greater-Inequality” Paradigm Just Snapped

Investors won’t be able to trade markets if they can’t settle on a base-case scenario, and, as Bloomberg's Richard Breslow warns, they have to accept that some unknowns are less unknown than others. Every tweet that restates what Donald Trump has been saying consistently for many months shouldn’t come as a surprise to traders and send global asset prices into a tizzy.   The same goes for today’s speech by U.K. Prime Minister Theresa May.   If people are on edge waiting for the next installment on protectionism or a hard Brexit, it should be because their positions would...

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