CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
Evidence That Iran Attacked Oil Tankers In Gulf Of Oman (video, left), Fox Business
Wells Fargo Strategist Breaks Down Mid-Year Market Strategy (video, right), CNBC
What Facebook’s Cryptocurrency Means: 6 Predictions, Caitlin Long, Forbes
Rising Rents For Millennials Give Rise To New Type Of Lender, Will Parker, WSJ
Market Experts Consider Low Inflation and Future Fed Rate Cuts (video, left), Bloomberg
Oil Tankers Attacked And Catch Fire In Gulf Of Oman (video, right), CNBC
This Time It’s Different, Howard Marks, Advisor Perspectives
The Three Largest Cryptocurrencies, Jill Mislinski, Advisor Perspectives
Gold, 2002 Through June 2019
S&P 500 Index Through This Week
The Seven Most-Googled Financial Topics In The U.S., Patrick Donachie, Wealth Management
Why Are The Central Banks And Billionaire Investors Accumulating Gold? Faisal Khan, Medium
Stretch Your Retirement Savings The Most In This State, Darla Mercado, CNBC
Editor’s Choice
No, Renting Isn’t Throwing Your Money Away (video, left), Bloomberg
Embrace Reality And Deal With It: Principles #2 (video, right), Ray Dalio; Also see, Think For Yourself About What Is True: Principles #1, Ray Dalio
CS Commentary: Ray Dalio is one of the richest people in the world and built the most successful hedge fund of all time, Bridgewater Associates.
The Use And Misuse Of The CAPE Ratio, Larry Swedroe, Advisor Perspectives
Ray Dalio Is Kinda, Sorta, Really Wrong, John Mauldin, Advisor Perspectives
Fly Inside Uber’s New Air Taxi Cabin (video, left), CNN
CS Commentary: According to an Uber Rep on Fox Business recently, Uber will be launching tests of this program in Dallas-Fort Worth and Los Angeles sometime in 2020-21 and may cost as little as below $100. Eventually they will fly fully autonomous but in the beginning there may be one pilot.
Uber Air Taxi Future Of Transportation? (video, right), ABC7, WJLA
Schwab: Fight Over Fiduciary Interpretation Is ‘Semantics,’ Diana Britton, Wealth Management
Cryptocurrency
20,000 Is Main Bitcoin Resistance, Mass Adaption May Be Close (video, left), Cointelegraph
Jump In Cryptocurrencies Is Just The Tip Of The Iceberg: Here’s Why (video, right), Bloomberg
How To Trade Crypto: Lesson 1 – Top Down Market Analysis, White Wolf Trader, Medium
Coinbase Now Supports Over 100 Countries, Medium Coinbase Blog
Money Laundering: Banks A Problem Long Before Cryptocurrency, Patrick Tan, Medium
Facebook’s Global Coin Will Launch In 2020, Michael K. Spencer, Medium; Also see, Massive Crypto Exchange Binance Offering Margin Trading ‘Soon,’ Wealth Management; Also see, AT&T Accepts Bitcoin And Bitcoin Cash Payments, Ken Chigbo, FX Street
Meet The 20 Year Old Bitcoin Trader Who Says He Turned $1000 Into $3.7 Million, Alexandra Canal, Yahoo Finance
Why The SEC Will Approve A Bitcoin ETF, Mark Helfman, Medium
Crypto Market Cap And Prices As Of June 2, 2019
CFTC Chair On Blockchain: Tremendous Potential In the Market (video, left), Bloomberg
Bitcoin Analyst Destroys Mr. Wonderful After Shark Tank Star Bashes Crypto, CCN
Fidelity Will Offer Cryptocurrency Trading Within A Few Weeks, Bloomberg; Also see, Fidelity About To Offer Crypto Trading, CNBC
Quote: “Further, of the 450 institutions interviewed by Fidelity for research for its new company, everyone from wealthy families to hedge funds to pensions, 22% of respondents already owned a cryptocurrency.”
11% Of Americans Own Bitcoin, Increase In Awareness From 2017, Helen Partz, Cointelegraph
Michael Novagratz On Bitcoin’s Latest Rally (video, left), CNBC
Why Bitcoin’s Revival Is Different This Time (video, right), Bloomberg Technology
See This Link For Updates & Links On DIG Cryptocurrency
Must-See Videos
Must See: Tesla From $250 To $4000? Cathie Woods Of ArK Invest Defends Her Call (video, left), CNBC
How The Real Estate Cycle Works (video, right), Phillip Anderson
Must See – ‘China Was Never Our Friend’: Kyle Bass, Hedge Fund CEO, Bloomberg
Ray Dalio’s All Weather Portfolio, Bite Size Biz; Also see, Must See – ‘Shoot The People You Love’: Ray Dalio Explains His Principles, And More, 60 Minutes
Could Bitcoin Still Go To $25K?, Fox Business
More Wealth Will Be Created In The Next 20 Years Than Ever Before (video, left), Phillip Anderson (2012)
Ray Dalio On Lessons From The Great Financial Crisis (video, right), CNBC
Is Now A Good Time To Buy Bitcoin? (video, left) Bloomberg Tech
Why Amazon Alexa And Google Assistant Are Becoming Omnipresent, CNBC
Common Sense Interpretation
(Start Here First To Understand The Investment Arena Big Picture)
Podcast: The Social Security Trust Fund Will Be Depleted By 2035, Ric Edelman
Americans Have ‘Incredible’ Misconceptions About Social Security, Britannia De Lea, Fox Business
Why The United States Needs To Encourage Americans To Own Gold, Sean Fieler, The Federalist
JPM Guide To The Markets April 2019 (video, left), JPM Asset Management Hong Kong
The 25 Best Places To Retire In 2019, William P. Barrett, Forbes
How Should Investors Position Their Portfolios In This Economic Environment? (video, right, Fox Business
Goldman Sachs Buys United Capital For $750 Million? What Does It Want? Britton/Thrasher, Wealth Management
Hong Kong And Its Monetary Authority (HKMA) Is Headed For A Major Currency Crisis
The Quiet Panic: Kyle Bass’s First Investment Letter In 3 Years (Is Hong Kong About To Crash?), Zero Hedge
China Trade By The Numbers, US Census
CS Commentary: China is about 17% of total US trade, but only 7% of our total exports. Meanwhile, the US imports over 20% of China’s goods relative to other countries. China is the US’s largest trade deficit – over $400 billion a year at present and it has consistently risen over the years. In 2018, the US exported $120 billion and imported $539 billion from China. This, among other things, gives the US significant leverage in trade negotiations with China.
Dollar Cost Averaging Could Earn You Twice As Much, CNBC
America’s Biggest Economic Challenge May Be Its Demographic Decline, Neil Irwin, NY Times
CS Commentary: Harry Dent may have been one of the first to sound the alarm on this problem as far back as 2008-09, but he largely mis-forecasted when and how the problem would become reality, suggesting that there would be a second major stock market collapse soon after 2008 – this never occurred. Has immigration, central bank manipulation, and globalization solved some of this problem in ways that Dent could not foresee? Perhaps not, but only time will tell.
How SIFMA, FSI, FINRA, And The SEC Conspired To Doom The Advisory Profession, Ron A. Rhoades, Advisor Perspectives
CS Commentary: SIFMA stands for The Security Industry Financial Marketing Association. FSI stands for Financial Services Institute. FINRA stands for Financial Industry Regulatory Association, a Congressionally authorized association that regulates broker-dealers. The SEC is the Security Exchange Commission, an “independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation (Investopedia).
This is the most important article we have published here in sometime, yet, it will be too long and technical for many of our readers. We encourage you to read the introduction and the conclusion. The bottom line here is that the current SEC has, once again, been corrupted by compromise, lobbying and the broker-dealer industry – and the fiduciary landscape may be, once again, about to change. That is, be compromised. At present, investors can rely on the fact that RIA’s (Registered Investment Advisors) are held to a higher Fiduciary standard – this may not be the case much longer if the SEC has its way. For a shorter and simpler explanation of what the fiduciary standard should mean, see the Common Sense Interpretation-Money page and our articles on the Fiduciary Pyramid.
The Difference Between The Economy And The Stock Market (video, right), CNBC
After Two Of The Greatest Bull Markets In History, Why Are Investors So Broke? Lance Roberts, Advisor Perspectives
To See The Money-Common Sense Interpretation Page, Click Here
Resources
To See The Money – Resources Page Click Here
More Common Sense
Books:
American Betrayal: The Secret Assault On Our Nation’s Character: Diana West Defends Her Work
“Diana West’s new book rewrites WWII and Cold War history not by disclosing secrets, but by illuminating facts that have been hidden in plain sight for decades. Furthermore, she integrates intelligence and political history in ways never done before.” – Jeffrey H. Norwitz, former professor of counterterrorism, U.S. Naval War College
Culture:
Your Content: My Life (Or, How Media Destroys Reputations Of Innocent People), Amanda Knox, Medium
El Chapo: What The Rise And Fall Of A Drug Kingpin Reveals About The War On Drugs, Jessica Loudis, The Guardian
North Koreans Sold Into China As Cyber-Sex Slaves, Then They Escaped With The Help Of A South Korean Pastor, Julie Zaugg, CNN
Jack The Ripper Revealed? DNA Analysis May Finally Unravel Mystery, James Rogers, Fox News
Health/Fitness/Relationships:
This Is Why 90% Of Relationships Don’t Last (video, right), Esther Perel
CS Commentary: We don’t agree with everything Perel says, but she has a lot of wisdom about romantic relationships and they dynamics involved.
Medical Procedures Over 50’s May Want to Avoid, AARP; Also see, The Case For A ‘Low Carb’ Diet Is Stronger Than Ever, Dr. David Ludwig, Medium
TED Talk: How To Spot A Liar, Pamela Myer
Esther Perel’s Secret To Making And Keeping Lifelong Friends, Wells Phillips, Wellandgood.com; Also see, Finding ‘The One,’ Esther Perel; Also see, How To Be Certain About A Potential Partner, Esther Perel
Movies:
Jane Fonda Talks About Marilyn Monroe’s Fear Of Performing (video, left), David Letterman Show
Naomi Scott Of ‘Aladdin” Says Her Identity Is ‘In Christ,’ Billy Hallowell, Charisma
Bradley Cooper And Irina Shayk Split After 4 Years Together, Fernandez/Merrett, People
One Of The Most Important Films Ever Is Hardly Known, Seaborn Hall, Medium
Music:
Here Without You (video, left), 3 Doors Down
AGT: Kodi Lee Wows With Historical Music Moment, America’s Got Talent
Teenager Sophie Pecora Sings About 7th Grade Bullying In Moving Musical Moment, AGT
The Voice Coach John Legend Breaks His Silence On Adam Levine’s Departure, Megan Stein, Yahoo
Sports:
MLB, The 30: Bottom Dwellers Make Moves And Twins Excel, Jonah Keri, The Athletic
Dallas Keuchel Signing Welcome Addition To The Braves, Jeff Schultz, The Athletic; Also see, Braves Sign Kuechel To One Year Deal, Los Angeles Times; Also see, Kuechel Looks To Be Ready To Join The Braves Quickly, ESPN
Dale Murphy: The Braves Are The Class Of The NL East & More Notes On The MLB, The Athletic; Also see, The 30 MLB Teams, Ranked & Analyzed This Week, Jonah Keri, The Athletic
Tech:
How 5G Will Change Your Smartphone And Your Life In 2019, Digital Trends
How Will The Rise Of The Machines Change The Future Of Chess? Clay Waters, The Federalist
How To Shoot Better Photos With Your Phone (video, left), CNBC
iPhone XS Max vs. Samsung Galaxy S10+, Who Wins? You May Be Surprised, Bgr; Also see, Apple Now Sells 5 Different iPads, Cameron Faulkner, The Verge; Also see, Apple’s Radical New iPhone Suddenly Takes Shape, Gordon Kelly, Forbes; Also see, The One Tiny Thing That Made Me Give Up My iPhone For Android, Mike Wehner, BGR
Travel:
10 Mistakes To Avoid On Your First Trip Abroad, Jessica Scott, Discoverer
Travel Scams You Should Watch Out For, Bradley, Discoverer
The Best & Worst Airlines – Based On Delays And Complaints, Josh Ocampo, LIfehacker; Also see, 10 Tips For Finding Cheaper Flights, Jersey Griggs, Discoverer; Also see, The Perfect Outfit To Wear On A Flight, Fiona Mokry, Discoverer
TV/Streaming:
10 Best Netflix Original Series To Watch, 2019 (video, left), TechGumbo
New On Netflix, Late June 2019, Netflix; Also see, 7 New Netflix Shows To Binge In June 2019, And The Best Reasons To Watch, IndieWire
When Is The Last Kingdom Season 4 Going To Be Released On Netflix? And Everything Else You Need To Know, Flora Carr, Radio Times
Bad Blood, Season 2, Netflix, Official Trailer; Also see, Review: Bad Blood, Season 2: Deftly Made, Superior Crime Drama, Globe & Mail
Quotes Of The Month:
“Could it be that emptiness, reluctance to stand and defend tradition and its institutions, a shaky hold on principle, a failure to draw conclusions and make judgments, are the real legacy of the “American Century”? – Diana West, American Betrayal (writing about the utter lack of discernment of either political party to recognize and fight America’s internal enemies and the insidious manner in which they have influenced and affected American institutions and policy)