Scott Schamber • August 21, 2024
Lessons from the NYSE glitch
At the start of last June, Berkshire Hathaway’s stock price suffered a spectacular 99% drop. The nosedive wasn’t caused by legendary investor Warren Buffet allocating his entire portfolio to NFTs, but by a technical glitch that also affected 40 other stocks, including miner Barrick Gold, which briefly traded for 25 cents per share, compared to the $17 before the glitch.
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BFI Bullion • August 16, 2024
Preventing the Next Bank Run... By Any Means Necessary ?
Bank stability is something too many people have taken for granted for too long. After the last global financial crisis of 2008 and the subsequent recovery, many naively believed that all serious systemic vulnerabilities have been addressed and bank collapses - or even worse, contagion scenarios - would be wildly unrealistic in the future.
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BFI Capital • July 25, 2024
Don’t Lose Sight of BRICS and the Threat of De-dollarization
Consumed largely by recent US political news – the assassination attempt on Donald Trump and Joe Biden stepping down from the presidential race – it has been easy to overlook other important developments that can impact an investors’ big picture. One of those is the threat of de-dollarization, as US sanctions on Russia continue to make the BRICS countries, as well as others, wary of being hand-cuffed to the US dollar.
BFI Capital • June 27, 2024
US Consumers Under Siege
In mid-June, President Biden posted the following on his X account: “Zero. That was monthly inflation in May. There is more to do still, but this is welcome progress.” Do you believe it?
Bidenomics
BFI Bullion • May 17, 2024
The US elections are still a few months away. However, the economic shifts and trends that have developed over the last three and a half years will not significantly change. So, let's take a closer look at what the Biden administration has achieved economically. According to the president himself, Bidenomics is practically a synomym for 'The American Dream'. How accurate is that estimation?
BFI Bullion • May 17, 2024
Far Down the Road of Destroying the Middle Class
The middle class forms an essential pillar for sustainable economic growth and political, as well as social, stability. However, it’s being destroyed, and at an accelerated pace!Adding to the familiar headwinds of growing taxation and regulations, monetary and fiscal policy excesses of the past decade are also heaping additional pressure on the middle class.