For those of you who are not familiar, the Wikipedia says this “A repurchase agreement, also known as a repo, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and buys them back shortly afterward, usually the following day, at a slightly higher price.” If you […] Read more
My acupuncturist Dr. Jim is an amazing guy. Last week, he told me how he decided to shed 10 pounds of excess belly flab that had crept up. He figured that his back pain was caused by pressure from the front of his body. So he set fitness goals with rewards for successful completion. What […] Read more
It is what is known in financial circles as “helicopter money,” and, economically speaking it has usually been looked at as a very bad idea. However, more recently some well-respected financial experts are looking to the concept as a way to avoid the current path to a recession that many believe President Trump has put […] Read more
Hurricane Maria left thousands of Puerto Rico’s small businesses shuttered, but San Juan’s newly vibrant startup scene is taking on the island’s troubles. One such example is a three-man start-up insurance company. Two years ago, Jonathan Gonzalez and three partners founded Raincoat, an insurance company that instantly processes claims. Cataclysmic weather near a policyholder’s home […] Read more
The Fed Open Market Committee concluded its two-day meeting on Wednesday by cutting the target Fed Funds rate by 25-basis points. This is exactly what the majority of investors and analysts thought they would do and most thought it is what they should do. However, President Trump was not one of those in the majority […] Read more
I remember seeing the Tom Cruise film Minority Report in 2002 with flying cars and cereal boxes that came alive, and wondered how that could all happen. I still don’t quite get it, but I know it has something to do with computers, 1 trillion of them. The interconnectivity of society will be beyond a scale we […] Read more
Smart preppers plan ahead for worst-case scenarios before they happen. Many people coordinate bug-out plans with family members and friends, just in case the need arises to escape an emergency situation, be it natural (hurricane or electromagnetic solar flare) or not (armed conflict or disease). While we’re all waiting for the End of the World, […] Read more
What do men do when they have everything? They buy a professional sports franchise. This puts them in the playground of life, with sports now usurping even their business aspirations. It is a small fraternity of men and women who have the privilege of becoming an owner. Unless your name is Rooney (Pittsburgh Steelers) or […] Read more
When oil opened for trading Sunday evening, the price of crude jumped over 12% as traders tried to digest the news of the attacks on Saudi Arabia’s production facilities on Saturday. That jump was one of the biggest one-day jumps in history and the largest in over a decade. The attack was a huge surprise […] Read more
The roller coaster ride of working with Amazon as a small business has brought you to the pinnacle for the moment. The online behemoth stated last week that it would invest the enormous amount of $15 billion to enable their sellers to grow using its vertical monopolistic chain. Cynical perhaps, but no company, especially Amazon, […] Read more
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