CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
Illegal Immigration Is Holding Back The Economy (video, left), Trish Reagan, Fox Business
David Stockman: Contrary View On The Trump Economy (video, left), Mornings With Maria, Fox Business
CS Commentary: Stockman has been a Chicken Little ‘sky is falling’ guy for about a decade, which is fine if your predictions actually come true within a couple of years. His haven’t. Still, he’s an interesting listen to challenge your thinking. He’s right that a reckoning will come…eventually, if we don’t change course fast. Maria holds her own with him.
Bitcoin Bull Blasts Warren Buffett, Tedra DeSue, CCN
Recession: Are We There Yet? John Mauldin
Inside The Hottest Job Market In Half A Century, Morath/Weber, WSJ
Ray Dalio Gives 3 Financial Recommendations For Millennials (video, left), Yahoo Financial; Also see, Ray Dalio Says US Headed For Recession In 2020 – Blackstone CEO Disagrees, Melanie Kramer, CCN
CS Commentary: Great questions by Williams, great insight from Marks, who was prepared for the 2008 crisis and is one of the great all time investors. On how to galvanize yourself: “The greater risk is not taking action.” “You can’t time the markets.” “Its never a sure thing.” Henry Kaufman said, “There are two kinds of people who lose money: the ones who know nothing and the ones who know everything.”
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.
Google Internal Survey Finds They Were Paying Men Less Than Women, Daisuke Wakabayashi, WSJ
Bitcoin Awaits Decisive Price Move As Trading Range Narrows, Omar Godbole, Coindesk
XRP Finally On Coinbase (video, left), Crypto Trader, CNBC Africa; Also see, Coinbase Users Can Buy And Trade Ripple Starting Today, Nikhilesh De, Coindesk
How To Invest In Blockchain Without Buying Cryptocurrencies, Wing Lee, Medium
The Future Of Cryptocurrencies: Coming Custody Solutions A Key Moment), Bloomberg Markets And Finance
CS Commentary: We forecast a Bitcoin price of $7000 by year-end 2019.
Bitcoin Is Up, But For How Long? Cointelegraph
Is Now A Good Time To Buy Bitcoin? (video, left) Bloomberg Tech
Edelman: Bitcoin ETF ‘Virtually Certain (video, right),’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph
Bitcoin Bull Blasts Warren Buffett, Tedra DeSue, CCN
How To Invest In Blockchain Without Buying Cryptocurrencies, Wing Lee, Medium
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)
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;
The New Space Race To The Moon, Curious Droid
(Start Here First To Understand The Investment Arena Big Picture)
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.
Drawing Conclusions: Is Renting Really A Waste Of Money?, The Globe And Mail
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.
New Research On The Value Of Global Diversification, Larry Swedroe, Advisor Perspectives
The Top 5 Reasons For The Current Market Correction, Updated 1/05/19, Seaborn Hall, Common Sense
CS Commentary: With the market correction again in past weeks, and the slight uptick this week, this article continues to be relevant. Updated, with new charts.
Here Are 3 Things You Can Do After Historic Market Volatility, Edelman Financial
Ray Dalio’s Bridgewater Cements Spot As Top Performing Hedge Fund Of All Time, Anneken, Tappe, MarketWatch
Ray Dalio: ‘Significant Risk’ Of Recession In 2020 – Blackstone Disagrees, Melanie Kramer, CCN
Stanford Analysis Pokes Holes In FINRA Broker’s Check, Dianna Britton, Wealth Management
This Still Looks Like A Stock Market Correction – Not Something Worse, Mark Halbert, MarketWatch
Ray Dalio’s Hedge Fund Posted 15% Gain After Calling Economic Slowdown, Leslie Picker, CNBC; Also see, Dalio Says Go Counter-Cyclical, Market Realist; Also see, Dalio and Buffet: What To Do When Stocks Get Battered, Market Realist
How To Find A Financial Advisor, Michaela Cavallaro, Barron’s
Jeremy Siegel: The Market Is Cheap On A Long Term Basis, Robert Huebscher, Advisor Perspectives
Are We Headed For Recession? Big Four Economic Indicators, Jill Mislinski, Advisor Perspectives
A Long Term Look At Inflation, Jill Mislinski, Advisor Perspectives
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
Why 2019 Could Be A Tough Year For Home Buyers And Sellers, Jade Scipioni, Fox Business
Good Chance Of Recession By 2020 (video, left), Fox Business
Why The Market Blow Up? Varney & Co, Fox Business
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
Bitcoin Peaked 12 Months Ago: Here’s A Look At 12 Months Of Misery (chart above in Cryptocurrency Section), Aaron Hankin, Marketwatch; Also see, Bitcoin Is Pretty Much Dead Says Teenage Crypto Millionaire, Aaron Hankin, Marketwatch; Also see, The Trade Of The Decade: Buy Bitcoin, Katina Stefanova, Forbes
Quote: “If you have something that can potentially [return] 50x, you must have 98% conviction that it’s not going to happen for you to not put money in.” CS Commentary: This article is a must-read. We gave similar advice in our article, in 2017.
How to Know Who To Trust With Your Money II: A Visual Illustration of Fiduciary, Seaborn Hall, Advisor Perspectives
The Bernie Madoff Fraud: Five Lessons For Investors From The ‘Wizard Of Lies,’ Seaborn Hall, Advisor Perspectives
Evaluating The Arguments For The Dollar’s Demise, Seaborn Hall, Advisor Perspectives
How Likely Is Hyperinflation In the U.S.?, Part Two, Seaborn Hall, Advisor Perspectives
Are Cryptocurrencies The Best Investment Opportunity Of The Next Decade? Part II, Seaborn Hall, Advisor Perspectives
Top Independent Financial Advisors 2018, Barron’s
2017 Ranking Of RIA’s By Total Assets, Financial Advisor
CS Commentary: A RIA is a Registered Investment Advisor, generally considered to be at or close to the top of the Fiduciary Pyramid in the investment area. For more, see Common Sense Interpretation, above.
CS Commentary: For an explanation of and the importance of Registered Investment Advisors (RIA), see the ‘Fiduciary’ articles in the Common Sense Interpretation section below.
The Biggest And Best Wealth Management Firms, Investopedia/WSJ
CS Commentary: What’s wrong with this list? Notice they are almost all big banks. Most of the big banks charge ‘hidden’ fees that they don’t tell you about and they also charge larger annual management fees. Independent RIA firms charge an average of about 1-1.25% in management fees, plus, in many cases lower ‘hidden’ fees that they fully disclose. (For an explanation of and the importance of Registered Investment Advisors, or RIA, see Common Sense Interpretation section on this page above).
Top Crypto Exchanges By Market Cap: Cryptocurrency Exchanges/Market List, cryptocoincharts; Also see, The Best Crypto Exchanges, May 2018, Cryptoclarified; Also see, The 10 Commandments Of Crypto Security, Panama Crypto, Medium
Understanding The Retail Bitcoin Exchange Coinbase And Its Professional Trading Sister, GDAX, Jack Tatar, The Balance; Also see, Coinbase Vs. GDAX, The Merkle; Also see, GDAX Vs. Coinbase Comparison, Coin Central
Coinbase Review: Safe Way To Buy Cryptocurrency? Coin Central; Also see, Kraken Exchange Review, Coin Central; Kraken vs. Bittrex Exchange Comparison, Coin Central; What Is Kraken? Shobhit Seth, Investopedia
The Five Most Private Cryptocurrencies, Shobhit Seth, Investopedia
A Brief History Of Bitcoin Bear Markets, Yannos/Ndinga, Medium
The Top 10 Cryptocurrency Blogs & Websites You Should Follow, Cryptoclarified
More Common Sense
Phil Houston, Co-Author Of Spy The Lie Analyzes Killer Jodi Arias (video, left), Megyn Kelly, Dan Tennant
Spy The Lie, CBS News
CS Commentary: Research shows that the average person lies 10 times per day.
‘Social Animals’ Shows How Instagrams Is Changing Lives And The Culture, Josh Shepherd, The Federalist
Hillsong Pastor Carl Lentz Provides Moral Cover For Abortion On ‘The View,’ James Silberman, The Federalist
The Top 10 Cities Where The Mega Rich Live, Stuples/Balfour, Bloomberg
CS Commentary: From a secular perspective, but totally insightful. The book of Hebrews in the NT says that it is the fear of death that compels us to sin – Perel comes to the same conclusion, but by taking an empirical route.
Captain Mary Sue: Captain Marvel Is Politically Correct And Boring, Kyle Smith, National Review
Warner’s Bros. CEO Promoted Actress In Midst Of Apparent Sexual Relationship, Siegel/Masters, The Hollywood Reporter
The Biggest Movie Releases Of 2019, Ben Allen, Radio Times
Psalm 104 Sung In Ancient Hebrew (video, left), Yamma Ensemble
Once Tone Deaf Singer, Vonnie Lopez, Takes Us To Church With One Of Andre Crouch’s Best Songs, The World Recap; Also see, The World’s Best for the after-reaction
10 Undeniable Facts About The Michael Jackson Sexual-Abuse Allegations, Maureen Orth, Vanity Fair; Also see, 7 Disturbing Allegations Against Michael Jackson In ‘Leaving Neverland,’ Rick Porter, The Hollywood Reporter
We Got Our Hands On 73,000 Never-Before-Seen MLB Scouting Reports. Here’s What We Learned. Lindbergh/Arthur, The Ringer
Five Falcon Takeaways From The 2019 Scouting Combine, Jason Butt, The Athletic
Braves Ponder Bryce Harper Deal, A Tough East Division, And A Season Opener In Philadelphia, Jeff Schultz, The Athletic
CS Commentary: Press under pressure not to report tourist killings in Mexico. Duh. Like we’ve said all along – think twice before you vacation or invest in Mexico. Mexico is basically something just short of a Narco state. Quote from documentary narrator: Officials are either in denial, or in fear of scaring away tourism.
10 Safest Used Cars For Teens, Autobytel
Game of Thrones Loose Ends. Are They Really Dead? Riley McAtee, The Ringer
‘Whiskey Cavalier’ Is A Cutesy Over-The-Top Clone Of ‘Castle’ And ‘Bones,’ Kelly Lawler, USA Today
CS Commentary: Critics saw the first two episodes and seem underwhelmed, but they are, well, critics. We’ve only seen the first episode but it was funnier than anything we’ve seen in some time. The trick will be sustaining that comedy over a season which seems like it will be a very difficult challenge. But the show works a way lot better than the trailer indicated.
New HBO Documentary: Michael Jackson’s Accusers Detail Alleged Grooming: “He Said I Was His First,” CBS News; Also see, The King Of Pop And Perversion – Michael Jackson Was A Predator And A Monster, Maureen Dowd, NY Times/BD News 24
Quotes Of The Month:
cal·um·ny – the making of false and defamatory statements about someone in order to damage their reputation; slander.
“… the life of man solitary, poor, nasty, brutish, and short. … The condition of man … is a condition of war of everyone against everyone.” – Thomas Hobbes, philosopher and author, Leviathan