Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.
The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.
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The ‘Smartest Company in the World’ Revealed…

The ‘Smartest Company in the World’ Revealed…

The MIT Technology Review just named Nvidia at the top of the list for the world’s ‘smartest companies’. That’s nice. Bigger and better news is the deal it now has with Volkswagon. This came out this week. Volkswagon is pumping more money into artificial intelligence and deep learning research. It’s going to use Nvidia to do it. This is big.
The post The ‘Smartest Company in the World’ Revealed… appeared first on Daily Reckoning Australia.

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Smart Man, That Trump

If the Russians thought US sanctions were a problem, wait until they see what’s coming… On Thursday this week President Trump will be at a ‘Three Seas’ summit in Poland. This is a get together for 12 countries in central and eastern Europe. All of them are from old Soviet territory. One of the items on the agenda is Trump’s plan to promote exports of US Liquefied Natural Gas. He’d be mad not too.
The post Smart Man, That Trump appeared first on Daily Reckoning Australia.

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Gold is Watching

Gold is watching and waiting, moving down on deflation fears and then up again on the view that the Fed will have to reverse course once the economy cools down. My models show that bonds, Bill Gross and gold have it right and that stocks are heading for a fall.
The post Gold is Watching appeared first on Daily Reckoning Australia.

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Subplots of the G20 Hamburg Summit

In recent years, G20 summits have focused less on financial crises and more on the one world agenda of the global elite.
This elite agenda includes world taxation, climate change, terrorism, anti-money laundering and other aspects of globalised governance.
Today, financial risk is once again coming to the fore as global growth continues to slow.
The post Subplots of the G20 Hamburg Summit appeared first on Daily Reckoning Australia.

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No Ordinary Flash Crash with Ethereum

Ethereum — the most popular bitcoin competitor right now — fell flat on its face briefly this week before rebounding.
But this was no ordinary flash crash.
According to the exchange, a huge sell order hit. The market couldn’t handle it and slipped nearly 30% as it executed the multi-million-dollar sale.
That in turn triggered stops and margin calls, briefly pushing the price of ethereum to TEN CENTS.
The post No Ordinary Flash Crash with Ethereum appeared first on Daily Reckoning AustraliaSee Original Article


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