The Critical Investor

By Oliver Burgold | An in depth view into our economy and the investment world.

Mastermind Of Iceland's "Great Bitcoin Heist" Flees To Sweden After Brazen Prison Break

One of the suspects in a high-profile theft that Icelandic media are calling "the big bitcoin heist" has escaped a low-security prison and fled to …

Crime

Nomura: It's 2017 All Over Again As X-Asset Vols Get Crushed; Here's Why

<i>From Charlie McElligott, Managing Director, cross-asset strategy at Nomura</i><p><b>2017 REDUX, AS 'GROWTH SCARE' IS OUT, FED NORMALIZATION IS RESUMED = RISK</b> …

Markets

US Told Russian Embassy No New Sanctions Are Coming

The blossoming feud between Trump top economic advisor Larry Kudlow and UN Ambassador Nikki Haley over whether Haley experienced a moment of …

Sanctions

A sex worker reveals what life is like working in a London brothel run by an ex-police officer

A sex worker at a London brothel run by an ex-police officer has opened up about her life, stating: "I only do this kind of work because I choose to".<p>The brothel, in a two-bedroom flat in central London, was the subject of a report by the BBC's Victoria Derbyshire programme.<p>Its owner, a former …

Sociology

Late-Cycle Commodity Surge Under Way, Says Frank Barbera

<b>Listen to this podcast on our site by clicking here or subscribe on iTunes here.</b><p>According to the Game Plan for Late-Cycle Investing, as the economy …

Stock Markets

Ecuador has cut off Julian Assange's internet connection in its London embassy over a tweet

Ecuador has cut off Julian Assange's internet connection in its London embassy — and Wikileaks says it's because of a tweet he sent.<p>The 46-year-old founder of the publishing platform and anti-secrecy organization WikiLeaks has lived in the embassy in Knightsbridge, London since 2012, when he took …

Julian Assange

Who Needs Wall Street When You Can Have A Monetary Unicorn?

<i>The single most important price in all of capitalism is the interest rate----and at all points on the maturity curve. And the single most important</i> …

Wall Street

Yen Drops To 2-Week Low As North Korea Said To Want Summit Talks With Japan

USDJPY has pushed up to two-week highs following reports from Asahi news that <b>North Korea is seeking to hold summit talks with Japan.</b><p>This comes after …

North Korea

Warning signal on US borrowing costs is a red herring

Perhaps because it reflexively takes us back to an unhappier time, there’s a strong sense of disquiet about the rising gap between the dollar Libor …

Intellectual Property

India’s banking system is imploding—and those responsible are busy bickering

The banking regulator’s month-long silence following the country’s biggest bank fraud was chilling. But the March 14 speech of Urjit Patel, the governor of the Reserve Bank of India (RBI), was even more eerie than his silence.<p>Expressing his helplessness against the likes of jewellers Nirav Modi and …

India

Here's Jeff Bezos taking a robot dog for a walk

Jeff Bezos has a new four-legged friend.<p>The Amazon CEO posted a photo to his Twitter account on Monday of him "walking" his new "dog" — a four-legged Boston Dynamics SpotMini robot, the same robot that recently learned how to open doors.<p>Bezos is currently attending Amazon's invite-only MARS …

Robotics

Venezuela's oil crisis can't be stopped

Venezuela's oil production fell by another 52,000 bpd in February from a month earlier, according to OPEC's secondary sources data.<p>That put Venezuela's oil output at 1.548 mb/d for February, down 100,000 bpd since December and down 600,000 bpd from 2016. Output will almost certainly continue to …

Venezuela

Banks Are Finally Raising Deposit Rates 2 Years After First Fed Hike

For more than a year now, big banks have been shafting their customers by refusing to raise interest rates on deposits and products like CDs - opting …

Interest Rates

At $21 Trillion, The National Debt Is Growing 36% Faster Than The US Economy

<b>Well, it happened again.</b><p>On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the …

Economics

Big Brother Arrives: China Bans People With "Bad Social Credit" From Planes, Trains

Two years ago, we reported that <b>various cities throughout China are currently piloting a "social-credit system" that will assign a "personal citizen</b> …

China

Blue Chip Companies on Track for $800 Billion Buyback Record in 2018

Donald Trump's tax cuts are already paying dividends... well, actually the companies that are benefiting from the Tax Cuts and Jobs Act passed by the …

"Flippy" The Burger-Flipping Robot Taken Offline After First Day

The Robot uprising has had a minor setback as a Pasadena burger joint was forced to take its brand new burger-flipping robot, "Flippy," offline after …

San Francisco

Citi Asks A Striking Question: We All Know How This Ends, So Why Are We So Slow To Price It In?

Earlier today, we showed that on the 9th anniversary of the so-called "bull market", central bank balance sheet accounted for over 40% of global GDP, …

Stock Markets

The key to Leonardo da Vinci's genius is a practice that anyone can learn

In late 2017, <i>Salvator Mundi</i>, one of Leonardo da Vinci's paintings, sold for $450.3 million.<p>For a child born out of wedlock in the 15th century, that's quite an accomplishment. And yet, many would argue that this isn't even close to being his greatest contribution to humanity.<p>When the word</i> …

Creativity

On The Market's Historic 9 Year Anniversary, Here Are The Winners And Losers

The bull market for stocks turns nine years old on Friday: while the S&P hit its famous "generational" intraday low of 666.79 on March 6, it was not …

Stock Markets

India's holy Ganges River is devastatingly polluted, yet provides drinking water for over 400 million people — here's what it looks like

India's Ganges River is a paradox: The mighty river's tributaries are cool, Himalayan-glacier fed springs. But where the river meets Indian subcontinent's highly populated cities, and pours out into the Bay of Bengal, the water goes from crystal clear to trash-and sewage-infested sludge.<p>Prime …

India

Treasury Yields Spike Into 'Danger Zone' For Stocks

10Y Treasury yields are back above 2.90% - the highest since spiking on Powell hawkish comments - and <b>back into what some have called the 'danger</b> …

Stock Markets

I live comfortably in a resort town on $35,000 a year — here's how I do it

My dad taught me to live within my means.<p>I take that lesson pretty seriously and never spend more than I can afford. This can be challenging on my budget— I make $35,000 a year — but by spending carefully I make it work.<p>I live a pretty thrifty lifestyle and while my income doesn't allow for a lot …

Personal Finance

Belgian Tax Authority To Search For Taxpayers Using Foreign Crypto Exchanges

The Belgian tax authority has said it will begin looking for Belgian tax payers that use foreign crypto exchanges to enforce their tax …

Internal Revenue Service

One Company Now Owns Over 7% Of The Entire S&P500

By now it has become common knowledge that in the ongoing war of attrition between expensive - but very much underperforming under central planning - …

Investing

Dow Plunges 500 Points As Bond Yields, Dollar Spike

As @Yogi_Chan exclaimed (correctly) amid today's chaos: <b>"This stupid fucking market reaction to the Fed is making it incredibly hard to write market</b> …

Jim Grant: "Bond Markets Worldwide Are Living In Their Own Hall Of Mirrors"

Welcome to economic 'fantasy' island.<p>Jim Grant, the world's most famous interest rate observer, ventured on CNBC this week to <b>expose and explain the</b> …

Stock Markets

How to handle cryptocurrency on your taxes

You sold some bitcoin. Now the IRS wants its cut.<p><i>Before you jump into this explanation of how cryptocurrency affects your taxes, check out our first article in this series:</i> <i>Bitcoin, explained</i><i>.</i><p>It's been a wild ride for cryptocurrency enthusiasts over the past few months.<p>After ascending to a high …

Cryptocurrency