The Saudis are flooding the market for a couple of reasons...
The global property bubble is hitting epic proportions… Zero Hedge reports a 65-square-foot one-room apartment in Beijing, China, just listed for $585,000. That’s about $9,000 per square foot. Yesterday, we highlighted an astronomical price for a “teardown” property in Vancouver, British Columbia. But the property bubble in China’s top-tier cities is even worse… The U.S. […]
U.S. oil production just hit a 43-year high… CNNMoney reports America pumped around 9.43 million barrels of oil per day last year. That’s the highest level since 1972. It’s a stunning 89% higher than 2008 production levels. And it’s up 45% since 2012. Regular Daily readers know America’s shale oil revolution contributed to a massive […]
For the first time ever, Japan sold 10-year Treasurys for a negative yield… The Wall Street Journal reports Japan just sold $19.4 billion worth of 10-year Treasury notes. They yield -0.024%. That means bond buyers pay the government to take their money. Japan will earn around $53 million from these bonds. About 70% of Japan’s […]
It used to take a human researcher two days. Now, a new program at investment bank Goldman Sachs compiles detailed reports in two milliseconds…
This item could be destroying your chance to conceive.
Last week, "superinvestor" Warren Buffett released his 2015 letter to Berkshire Hathaway shareholders...