You probably saw something in the past few weeks about the alarming volatility of the Chinese stock market, and more recently its currency devaluation. If you didn't, the short version is that things are a bit messy there these days. That being said, I'm not going...
"People call it luck when you've acted more sensibly then they have." Amy Tan
When we invest or expend money to make a profit, we start from one of two vantages: Confidence or Luck. The first requires effort, competence, and a thorough understanding of what is controllable and what is not controllable and we plan contingencies for those things that are not controllable. The second perspective is the veritable flip a coin. Luck-dependent investment decisions are based on things like past performance, colorful brochures, and influential arguments.Chances are, if you live in the Triangle area, you or someone you know has recently bought or sold or is shopping for a home and experienced how fast the market is moving here. People are moving to the area in droves, interest rates are...
Practically speaking, the odds of Greece meeting its bailout obligations to the European Union and its credit demands of the IMF and other creditors by June 30th are close to nil. Odds are just as small that enough patience exists on the part of EU...