CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
What Will Cause The Next Recession? (video, left) Richard Fisher, Former Dallas Fed President, CNBC
How Much Money Do You Need To Live In Los Angeles? Greg Depersio, Investopedia
Apple Stock Poised To Do Something It Hasn’t Done In 8 Years, Li/Francolla, CNBC
Bitcoin Drops Back To $5K After Failed Breakout, Daniel Palmer, Coinbase
This Is How Much You Need To Save For Your Retirement Based On Your Age, Lorie Kenisha, CNBC
Gassing Up: Energy Production Is Getting Cheaper And Cleaner, Kevin D. Williamson, National Review
What Is Tencent? (video, left) CNBC International
The Yield Curve Inverted – Here Are 5 Things Investors Need To Know, William Watts, MarketWatch
CS Commentary: Facts to know: The 3 month/10 Year Treasury spread is the most important indicator, though many media pundits will follow the 2 year/10 year. Inversion needs to be sustained for 10 straight days to be an accurate predictor – it was not sustained for more than a few days this time. Recession typically occurs 1 year to 18 months following a sustained inversion – and the stock market can continue to go higher during that period. Though yield curve inversion has preceded the last nine recessions, inversion can occur without a recession following. Also see, The Inverted Yield Curve Is Good News For The Dow Jones And The Economy, IBD
Italy’s Situation Has Deteriorated Badly Over The Past Few Weeks (video, right), Bloomberg Markets & Finance
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.
Bitcoin Surge: New Bull Market? (video, left) Cointelegraph
Trader Who Called Bitcoin’s 84% Decline Now Says $50,000 In Next Two Years, Zach Guzman, Yahoo Finance
Coinbase And Visa Are Making Bitcoin, Ethereum, Ripples, And Litecoin Payments A Reality, Billy Bambrough, Forbes
Bitcoin Futures Exchange Bakkt Hires Former PayPal And Google Exec As Product Chief, Nikhilesh De, Coinbase
Bitcoin Price Surge – Analyzing Why (video, left), Cointelegraph
Cryptocurrencies Are Here To Stay, Gerald P. Dwyer, AIER; Also see, Facebook’s Crypto Currency Expected To Add $19 Billion in Revenue, Newsbtc.com
You Don’t Understand Bitcoin Because You Think Money Is Real, Maria Bustillos, Medium; Also see, Bitcoin Might Be Crypto-Gold But Ethereum Is Crypto-Silicon, Michael K. Spencer, Medium
Jack Dorsey ‘All-In’ On Bitcoin, Predicts ‘Massive Boon, CNBC; Also see, The History Of Money And The Future Of Cryptocurrency, Brian C. Albrecht, AIER; Also see, How Google Is Quietly Making Blockchains More Searchable, Michael del Castillo, Forbes
Edelman: Bitcoin ETF ‘Virtually Certain (video, right),’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph
Updates On DIG
Dissecting A Con Game: What Happened To The DIG Cryptocurrency? Seaborn Hall, Common Sense Money
Agent Appears To Back Up Arbitrade/DIG Gold Title Claim, Scott O’Neil, The Royal Gazette; Also see, Finance Guru Ronnie Moas Digs For $10 Billion In Crypto Gold, Mitchell Moos, Crypto Slate, January 2019
CS Commentary: We don’t believe this really changes anything. See our article above.
Update On DIG, 12/15/18, Seaborn Hall, Common Sense. See this link for more posts and information on DIG/Arbitrade.
DIG/Arbitrade: Not All That Glitters Is Gold – Is DIG A Well Orchestrated Scam? Ken Griffith, The Royal Gazette
CS Commentary: We suggest that the comments at the end of the article also be read. The author raises some interesting points, but it is not clear whether…To continue reading see this link…
Could Bitcoin Still Go To $25K? (video, left), Fox Business
More Wealth Will Be Created In The Next 20 Years Than Ever Before (video, left), Phillip Anderson (2012)
s Now A Good Time To Buy Bitcoin? (video, left) Bloomberg Tech
How The Real Estate Cycle Works (video, right), Phillip Anderson
Cyber Threats: The U.S. Is More Vulnerable Than Ever (video, left), Judge Jeannine Piro, Fox News Insider
The Public Does Not Understand: China Has Been Cheating U.S. For A Long Time, Mornings With Maria, Fox Business;
Is Netflix The Most Powerful Company In Media?, Fox Business
Global Outlook 2019 Manila with Howard Marks (video, left), Bank Of Singapore
CS Commentary: Some great, insightful comments on investing here, especially from a general overall perspective based on where we are in the recovery from 2008 now, well worth the 15 minutes of viewing.
The New Space Race To The Moon, Curious Droid
(Start Here First To Understand The Investment Arena Big Picture)
JPM Guide To The Markets April 2019 (video, left), JPM Asset Management Hong Kong
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.
Here’s When The Yield Curve Becomes An Actual Danger Signal, William Watts, MarketWatch; Also see, This Time Yield Curve Suggests Market Has Already Peaked, According To Analyst, Chris Matthews, MarketWatch
Why Reported Inflation Is So Low, John H. Morse, Advisor Perspectives
After Two Of The Greatest Bull Markets In History, Why Are Investors So Broke? Lance Roberts, Advisor Perspectives
Gundlach: We Are On The Road To A Large Debt Problem, Robert Huebscher, Advisor Perspectives; Also see, Does The US Debt Matter? (as of 7/28/18) (see left, below), CNBC; Also see, What Would Happen If The US Stopped Paying Its Debt?, Infographics; Also see, How To Solve America’s Spending Problem (video, right), Prager U
CS Commentary: Both these Prager U 2014 videos on debt should be a must–view, but especially this one. The scenario describe here – escalating entitlement costs and much higher taxes – will occur, and probably much sooner than the video predicts, about 40 years. CS projects that the US will begin experiencing serious problems relative to this issue around 2030 and that they will quickly escalate from there. Cutting entitlements is the only sane and rational way to avoid this problem – however, the corruption in Congress has been an obstacle to this solution for years and currently does not seem likely to change.
CS Commentary: This may not be exactly in sync with the US Debt Clock, here but it is close as of 2/14/19.
What Makes A Financial Advisor a True Fiduciary? Mindy Diamond, Wealth Management
CS Commentary: Good Financial Advisors and RIA’s have been talking about these concepts for at least a decade. Everyone else is just catching up.
What Designations Does Your Financial Advisor Need?, Peter Lazoroff, Forbes
CS Commentary: Though this is helpful in explaining the top 3 designations to look for in the investment arena, we emphatically disagree that your financial advisor needs any of them to be competent and have your bests interests at heart. Perhaps of all three, the CFP is the most important – but not even it assures that your advisor is a fiduciary that limits conflict of interest, that they work for a good company, particularly a RIA, or that they have your best interest at heart. An AIF at least assures that they understand the demands and criteria of a fiduciary and will at least attempt to ensure low conflict of interest in all that they do. Beyond that, you should look for detailed knowledge about the investment arena, which includes how portfolios are put together to achieve your individual goals and the best way to administrate your overall plan, an ability to simplify it and make it understandable to you, and look at who they work for and where the firm fits in the Fiduciary Pyramid. Also, beware if the person selling you is also the person directly managing your money. No one has the time or expertise to do both well. Bottom line: Designations – like MBA or CFA – are important for the person who directly manages your money and those on the investment committee in your advisor firm, or who head up the funds where your money is allocated. Your advisor is more of a salesmen or direct point of contact and may use his/her designations to impress. Don’t be fooled.
How The Real Estate Cycle Works , Phillip Anderson, You Tube
CS Commentary: In 2012 Phillip J. Anderson predicts exactly where the US stock markets and real estate markets will be today. Also see, Phillip J. Anderson’s Explanation Of The Real Estate Clock, portphillippublishing.com
Common Crypto Scams And How To Avoid Them, Jack Dossman, Medium
Why Did The Crypto Meltdown Occur? CNBC; CS Commentary: A good overview of the current state of the crypto markets.
Here’s How Blockchain Will Impact Your Life In 10 Years, Darla Mercado, CNBC
More Common Sense
Killing Jesus: A History, Bill O’Reilly
Lori Loughlin Could See Jail On New Charges (video, left), Fox Business (Also see more below in TV/Streaming)
3rd Death In Three Weeks At Grand Canyon, Madani/AP, NBC News
Google Marks Pro-Life Film ‘Propaganda’ While Labeling Nazi Propaganda Film As ‘History,’ Madeline Osburn, The Federalist
New Human Species Discovered In Cave In The Philippines, Doyle Rice, USA Today
Retail Apocalypse Now: 75,000 More US Retail Stores Will Be Closed, Plain Dealer/Washington Post
Houses Of Worship Upgrade Security After Shootings, WSJ/Colorado Politics
A Mysterious Infection, Spanning the Globe In A Climate Of Secrecy, Richtel/Jacobs, MSN/NY Times; Also see, What You Need To Know About Candida Auris; Also see, Unbeatable Superbug Infection Kills Hundreds Across US, CBS News
The Five Stages Of Grief, Kubler-Ross Model, Christina Gregory, PhD
Nuns Sexually Abusing Minors Could Be The Next Scandal To Break In The Catholic Church, Hollie McKay, Fox News
The Shazam Sequel Is Officially In The Works, Germain Lussier, Gizmodo; Also see, Shazam Is A Good Superhero Movie And A Better Family Drama
CS Commentary: Stars Sean Astin, a 2012 release. Amazon users give the film 4 ½ out of 5 stars.
Movie Review: The Case For Christ, Chris Carpenter, CBN
Miranda Lambert Took A Dig At Blake Shelton At ACM Awards While He Was Seated With Gwen Stefani, Ryan Shocket, Buzz Feed
The 30: The New MLB Power List For This Week, Jonah Keri, The Athletic
How One Terrible Call Changed The NCAA National Championship Game, Pete Thamel, Yahoo Sports
MLB: Why Dallas Kuechel And Craig Kimbrel Still Aren’t Signed, Jim Bowden, The Athletic
How To Watch The NFL 2019 Draft – It Starts April 25th, NFL; Also see, Falcons Have 9 Draft Picks: Last Time This Happened They Traded Up For Julio Jones, Will McFadden, Atlanta Falcons; Also see, NFL 2019 Mock Draft: Falcons Take Rashan Gary, Brandon Lee Gowton, Bleeding Green Nation
23 Horses Have Died At Santa Anita Race Track Since December, John Cherwa, Los Angeles Times; Also see here for latest entries for Saturday’s race of the Santa Anita Derby; Also see, Expert Picks For The Kentucky Derby, May 3, 2019
Why You May Not Want To Fly Boeing’s 737 MAX Again: 1960’s Design, 1990’s Computers, Patchwork Assembly, Nicas/Creswell, NY Times/BD News; Also see, Aviation World Faces Moment Of Reckoning After Boeing 737 Max Crash, CNN
Spaceplane That Flies 25 Times The Speed Of Sound Passes Crucial Test, Charlotte Edwards, The Sun/Fox News
Doctor Dragged Off United Airlines Flight ‘Just Cried’ Watching Viral Video, Julia Jacobo, ABC News
Lori Loughlin In Panic Mode As She Realizes She May Not Avoid Prison, Jessica Sager, Fox News; Also see, Felicity Huffman May Face Up To 21 Months In Jail; Lori Loughlin Will Not Yet Admit Guilt, Eric Levenson, CNN
Allison Mack Of ‘Smallville’ Pleads Guilty In Case Of Sex Cult Where Women Were Branded, Gold/Moynihan, NY Times; Also see, Allison Mack Of ‘Smallville’ Pleads Guilty, People
How Game Of Thrones Became The Last Popular TV Show, Alyssa Bereznak, The Ringer
Netflix’s ‘The Highwaymen,’ Balanced Glamor-Free Take On Bonnie And Clyde Saga, Ron Capshaw, The Federalist; Also see, The Highwaymen, Netflix, Official Trailer
Quotes Of The Month:
“You can never defeat an enemy you don’t recognize.” – Rick Joyner
“History is littered with wars which everybody knew would never happen.” – Enoch Powell