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Fed Seen Holding Rates at Zero for Five Years in New Policy

August 26, 2020 Editor Comments Off on Fed Seen Holding Rates at Zero for Five Years in New Policy

(Bloomberg) — The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.The new approach, which could be unveiled as soon as next month, is likely to result in policy makers taking a more relaxed view toward inflation, even to the point of welcoming a modest, temporary rise above their 2% target to make up for past shortfalls.Fed Chairman Jerome Powell is slated to provide an update on the Fed’s 1-1/2-year-old framework review of its policies and practices when he speaks on …read more […]

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China Makes Concessions in Call for Talks on U.S. Audit Standoff

August 26, 2020 Editor Comments Off on China Makes Concessions in Call for Talks on U.S. Audit Standoff

(Bloomberg) — China says it has made concessions in proposing to let U.S. regulators to audit some of its most sensitive companies and is calling for direct talks to solve a years-long dispute that threatens global markets.In an interview in Beijing on Wednesday, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China is “sincere” in wanting to solve the standoff over the accounting issues.U.S. officials have recently stepped up a push to gain access to audit working papers for Chinese companies that trade in the U.S., threatening rules that would trigger delisting shares such as those of …read more […]

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In Just 30 Years, He Turned Every $1,000 Into $237,000

August 26, 2020 Editor Comments Off on In Just 30 Years, He Turned Every $1,000 Into $237,000

The race is on.
I made a big announcement yesterday. We’re hosting the Super Trader Rally on September 2.
It’s the culmination of our mission to lead folks to wealth through simple, common-sense research.
We’ve got the system we think can do it. We plan to tell you all about it – and how we discovered it – at the big event.
The system performed beautifully during our three phases of testing.
In all, we issued 15 long recommendations and 14 of them were winners – an amazing 93% win rate. Better yet, we saw average peak gains of 138%… in just 26 days.
Now you …read more […]

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How a Vegas-Beating Formula Changed Wall Street Forever

August 26, 2020 Editor Comments Off on How a Vegas-Beating Formula Changed Wall Street Forever

We have a moral issue with gambling. After all, one of our core beliefs is that wealth leads to Liberty. Therefore gambling leads to slavery.
It’s a dangerous game.
We don’t partake.
Even so, we’re fascinated by the numbers behind it all. They’ve certainly guided our investment philosophy and made us a winning trader.
In fact, we’ve learned a lot from Edward Thorp – the math genius and professional gambler who turned the odds on Vegas and then revolutionized Wall Street.
He’s our kind of man – a thinker.
Even though he spent years in the blackjack game, Thorp would argue he’s not a gambler. He’s …read more […]

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Vanguard to close Hong Kong, Japan operations

August 26, 2020 Editor Comments Off on Vanguard to close Hong Kong, Japan operations

U.S. asset manager Vanguard Group said on Wednesday it will close its operations in Hong Kong and Japan and exit Hong Kong exchange-traded funds, citing unsupportive “industry dynamics”. The fund giant, with about $5 trillion in assets, said in a statement that its Hong Kong business primarily served institutional clients and not retail investors, which are its primary focus. Vanguard, which launched a wholly foreign-owned enterprise (WFOE) in China in May 2017, said it will “gradually cease (its) onshore presence in Hong Kong and make an orderly exit” from its Hong Kong ETF, Mandatory Provident Fund and Index-Tracking Investment Schemes …read more […]