CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.
America Is Energy Independent (video, left), Fox Business
Goldman Sachs Buys United Capital For $750 Million? What Does It Want? Britton/Thrasher, Wealth Management
Ethereum Price Jumps to 8 Month High After Bitcoin Plunges, Yashu Gola, CCN
Bitcoin Sees Discrete Losses As Most Cryptos See Gains, Cointelegraph
Coinbase Plans US Debit Card Launch, Considers Margin Trading, P.H. Madore, CCN
Ray Dalio’s All Weather Portfolio (video, right), Bite Size Biz
Why Warren Buffet Is Wrong On Bitcoin, Antoni Trenchev, Medium
How Much Money Do You Need To Be Wealthy In America? Suzanne Woolley, Bloomberg
Counterpoint To Kyle Bass On China: ‘The Future Is Asian (video, left),’ Bloomberg Politics
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.”
Americans Have ‘Incredible’ Misconceptions About Social Security, Britannia De Lea, Fox Business
BOfA CTO: Have Yet To Find A Use For Blockchain (video, left), Bloomberg Markets & Finance
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.
Bitcoin On its Way to $8K! Next The Moon? (video, left), Cointelegraph
CS Commentary: According to this, a retracement to $7000 – which we’ve seen late this week – or even $6000, is more than possible, and healthy for the market. The next wall up is around $9300.
Novogratz Sees Bitcoin Struggling At $6000 Before Moving Higher (video, right), Bloomberg Markets & Finance
11% Of Americans Own Bitcoin, Increase In Awareness From 2017, Helen Partz, Cointelegraph
NASDAQ Adds Brave New Coin’s XRP Index To Global Data Service, Adran Zmudzinski, Cointelegraph
Nike Says Just Do It For Blockchain, Michael K. Spencer, Medium
BNY Mellon Eyes $20 Billion Cryptocurrency Market, Market Mad House, Medium
CS Commentary: This article published September 2018. BNY Mellon is currently around 48.25 per share, one could argue an even better price than when this published.
Trader Who Called Bitcoin’s 84% Decline Now Says $50,000 In Next Two Years, Zach Guzman, Yahoo Finance
Bitcoin Surge: New Bull Market? Cointelegraph
Bitcoin ETF: Wall Street’s Path To Crypto, 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
Edelman: Bitcoin ETF ‘Virtually Certain’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph
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)
Is 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, 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
(Start Here First To Understand The Investment Arena Big Picture)
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
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.
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), CNBC; Also see, What Would Happen If The US Stopped Paying Its Debt?, Infographics; Also see, How To Solve America’s Spending Problem, Prager U
CS Commentary: This may not be exactly in sync with the US Debt Clock, here but it is close as of 2/14/19.
More Common Sense
Uber And Lyft Drivers Reveal Things You Should Never Do On A Ride, Graham Rapier, Business Insider
For Many Young South Koreans Dating Is Too Expensive Or Too Dangerous, Sophie Joeng, CNN
Hershey’s Changing The Look Of Its Candy Bar For The First Time In History, Jordan Valinsky, CNN
How To Stop Pesky Robocalls And Text’s To Your Cell Phone, Kathleen Joyce, Fox Business
$2.5 Trillion Holy Grail Found? Breakthrough Discovery And 100% Recyclable Plastic, Chris Ciaccia, Fox News
How To Naturally Reverse Alzheimer’s And Arthritis, CBN, Charisma
Low Dose Aspirin May Be Linked To Bleeding In Skull, New Study Finds, Kristin Lam, USA Today
Top 10 Signs Of Aging Poorly And How To Reverse Them, Rebekah Edwards, Dr. Axe
One Of The Most Important Films Ever Is Hardly Known, Seaborn Hall, Medium
Legendary Singer Actress Doris Day Dead At 97, Sasha Savitsky, Fox News
Film Review: John Wick, Chapter 3: Parabellum, John DeFore, The Hollywood Reporter
CS Commentary: Parabellum is Latin, for ‘Prepare For War,’ as in the famous Latin quote, ‘Si vis pacem parabellum,’ or “If you want peace, prepare for war.”
Avengers: Endgame Shatters Box Office Records Worldwide, Fox Business; Also see, Avengers: Endgame Has Best Opening Day Ever, Frank Pollatta, CNN
Maelyn Performs Rhianna’s ‘Stay’ (video, left), The Voice 2019
Rod & Maelyn Perform The Beatles ‘Yesterday, (video, right)’ The Voice 2019
CS Commentary: Might be one of the best covers since the original by McCartney and this song has been covered as much as any song in history.
Austin Riley Hits Home Run For Braves In Major League Debut (video, left), You Tube; Also see, Braves Highly Touted Prospect Homers In Major League Debut, Dayn Perry, CBS Sports
Top 25 NFL Rookies In Best Position For Year One Success, Dan Parr, NFL.com
Maximum Security Jockey Suspended 15 Days For Kentucky Derby Interference, Scooby Axson, Sports Illustrated
The Anger Of ‘Game Of Throne’ Fans Is Part Of The Game, Mary McNamara, Los Angeles Times
Game Of Thrones Season 8: Subtle Details You May Have Missed In Episode 5, Daniel Van Boom, CNET
The Real DEA Agents Of ‘Narcos’ Break Down What Season 2 Got Right, Jackie Strause, The Hollywood Reporter
‘The Orville’ Has Been Renewed For A Third Season, Julie Muncy, Gizmodo
Quotes Of The Month:
“Now, more than ever before, the people are responsible for the character of their Congress. If that body be ignorant, reckless and corrupt, it is because the people tolerate ignorance, recklessness and corruption.” – James A. Garfield, an ordained minister and 20th president of the United States