Where to Find the Big Stock Trades
Amidst the happy earnings season here in Australia, we should probably spare a thought for the people of Venezuela right now. Bloomberg reports that the oil industry — the only thing the country has going for it — is collapsing from workers too exhausted and weak to do their jobs properly. That’s because they’re starving. The food supply in the country is minimal and the currency has collapsed from hyperinflation. The regime there has turned the entire country into a failed state. It’s just another tragic example of how a country blessed in natural resources can be reduced to penury under autocratic government.
What Russia Knows About Gold That You Don’t
Under President Vladimir Putin’s authority, Russia’s foreign gold stores have soared 70% since 2015. The three-year gold-buying spree means the country now has 17% of its[...]
Turkey Will Be Ground Zero in the Next Global Debt Crisis
Turkey’s external US dollar-denominated debt is so large that a combination of rising US dollar interest rates and a slowing global economy could quickly turn[...]