9
May
2016
OpiaTalk out of funding and shuts down
Screen-Shot-2016-05-20-at-3.57.52-PM-1024x854.png Self-described “Hyper-Conversion Company” OpiaTalk, which made some javascript thingy to induce buying trances has shut down due to lack of funding. Will now seek to “create value through liquidation”.   Read More
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1
May
2016
Stupid Indebted People

lending_tree_guy This morning I posted the story on my Facebook timeline about Deutsche Bank recommending that savers be penalized with negative rates and wealth be taxed (since Central Bank intervention has, in a word, failed). After a few hours I posted a comment “Sure is quiet in here…” since nobody had reacted and Unemployed CEO sent me the following rant:

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18
Apr
2016
Capitalism isn’t broken, democracy is

The following is a guest editorial from a reader in response to yesterday’s “Was Justin Trudeau’s Quantum Computing coup staged?”

Hi Mark,

Like you, I was infuriated when I saw the press about this farce. He can barely tie his shoelaces let alone understand what quantum computing is. While reading your article on your website “rebooting capitalism” it struck me that capitalism is not what needs to be rebooted but rather democracy is what needs a reboot.…

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17
Apr
2016
Was Justin Trudeau’s “Quantum Computing press coup” staged?

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Justin Trudeau has been basking in the smug glory of a media coup all weekend, seemingly having “put a sarcastic reporter” in his place at a presser before the weekend who tried to “stump” the PM with a question ostensibly about ISIS but segued (or perhaps teed up?) what is being touted as a “brilliant” “lecture” on the basics of quantum computing to an adoring gaggle of media sycophants.…

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15
Mar
2016
First there was Brown’s Bottom, now we have Morneau’s Miscue

“Sooner or later, everybody sits down to a banquet of consequences” 
– Robert Louis Stevenson

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Gordon Brown, back when he was the UK Chancellor of the Exchequer, distinguished himself by selling off approximately one-half of Great Britain’s gold reserves at what turned out to be a near-bottom at the end of the secular bear market in gold which lasted from 1980 to 2000-ish.…

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14
Jan
2016
Trapped inside the zero bound: What it means now that we’ve crossed the economic event horizon

A friend of mine, a very successful tech CEO who is also profoundly astute in matters of finance, once asked his economics prof during a lecture on interest rates in his university days “could interest rates ever go negative?”.

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The professor, gazing over his glasses and down his nose at what obviously had to be an imbecile in his lecture hall calmly set aside a second of his podium time to shoot the idea down: “No.”,…

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