The Fault is ours, Ray

According to Forbes Magazine, Ray Dalio, founder of Bridgewater Associates, is America’s second richest money manager. He trails only George Soros in the pantheon of hedge fund “masters of the universe”. Dalio appeared last month on CBS “60 Minutes” to lament the demise of the American dream. He called inequality…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group: The first article, “Farmageddon looms: Only 30% of U.S. corn fields have been planted, 5 year average is 66%”, is from ZeroHedge. Many farmers in America’s heartland have not been able to get their crops in…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group: “Beware the bold claims of tax-loss harvesting” is from The Wall Street Journal. The article discusses the decades old technique of tax-loss harvesting. Many investors boast about this method, but critics say some advisory firms are…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group: The first article, “Here comes the Shanghai Accord 2.0: China unleashes gargantuan credit injection to start 2019” comes from ZeroHedge. This piece discusses China’s record credit impulse in January. Chinese financial institutions extended a record high…

Vladimir Ilyich Trump

“The issue of paper money is the worst kind of compulsory loan… It worsens the conditions principally of the workers, of the poorest section of the population.. It is the chief evil in the financial confusion.” —Vladimir Lenin No stranger to institutional thievery, Lenin would have no trouble recognizing the…

Charlie’s month-end reading list

Here are a few of the latest topics of interest at Fort Pitt Capital Group: The first piece, “Nuclear power subsidies inch forward in Pennsylvania as natural gas industry digs in” is from the Natural Gas Index’s daily news. The article describes a group of Pennsylvania lawmakers advocating taxpayer subsidies…