US 49th On World Press Freedom Ranking

Peter's Commentary: I never thought I'd see the day when South Africa ranked above the USA for freedom of the press! When I lived in Johannesburg, The Star newspaper used to have a lot of its text blocked out, indicating how many lines and words were blocked out by the censors. World Press Freedom Rankings   … [Read more...]

The Top 1% Worldwide

Peter's Commentary: The top 1% of the world's population have 48% of the world's total wealth. The top 20% of the world's population have 94.5% of the world's wealth. Which leaves the remaining 80% with just 5.5% of the world's wealth. And if you're not rich, the trend is in the wrong direction. From Chen Weihua, China Daily USA, January 27, 2015: "Income inequality was a … [Read more...]

Ron Paul’s Predictions For 2015

Peter's Commentary: Ron Paul has published his predictions for 2015: From the Ron Paul Institute: January 8, 2015 Inner City Turmoil and Other Crises: My Predictions for 2015 If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all … [Read more...]

Bill Gross Warns Good Times Are Over

Peter's Commentary And now Bill Gross warns about returns for most asset classes being negative for this year: From Bill Gross, Janus Capital Group, January 6, 2015 A January Investment Outlook should normally be filled with recommended “do’s and don’ts,” “picks and pans” and December 31, 2015, forecasts for interest rates and risk assets. I shall do all of that as usual when I travel to … [Read more...]

Student Mugged At Gunpoint Understands Why

Peter's Commentary An  unusual viewpoint. But I do understand it having lived and traveled in countries with vast inequalities of wealth. From The Hoya, Georgetown University, November 18, 2014 Last weekend, my housemate and I (Oliver Friedfeld) were mugged at gunpoint while walking home from Dupont Circle. The entire incident lasted under a minute, as I was forced to the floor, handed … [Read more...]

Traveling today and tomorrow

Traveling today to Memphis and will be in meetings today and tomorrow. Will keep in touch with the markets and will try to post any significant items.  Peter. … [Read more...]