The Vibes are Broken – A Wealth of Common Sense

The Wall Street Journal says the middle class is getting pessimistic about the economy: The middle class–generally considered to include households making roughly $53,000 to $161,000 a year–is playing an outsize role in that waning optimism. After months of tracking high-income earners’ increasing confidence about the economy, households making between $50,000 and $100,000 made an […]

5 mins read

Binance establishes new payment entity Medá in Mexico

Key Takeaways Binance launched Medá, an IFPE entity in Mexico, backed by over $53 million to expand financial technology services. Medá aims to enhance financial inclusion and provide affordable transaction solutions for Mexican pesos within the Binance ecosystem. Share this article Binance has established a new entity in Mexico, Medá, which will operate independently as […]

2 mins read

Is this 1996 or 1999?

Alan Greenspan’s infamous irrational exuberance speech is a classic example of how crazy markets can always get crazier. This was the actual text from his speech at a policy dinner in December of 1996: Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other […]

5 mins read

#9 – “Institutions Can’t Beat A Basic Buy and Hold Allocation” – Meb Faber Research

Pension funds’ annualized aggregate returns since 2000 have been virtually identical to a simple 60-40 index portfolio.  That feels somewhat expected it seems, but what about the true crème de la crème, the top institutions. Surely they could beat a simple buy and hold allocation? Turns out, they really can’t. Below we recall an article […]

12 mins read