Market Update: Nasdaq new high, Bitcoin on the verge, and gold at new records. Does anyone really think that this is because of rate cut expectations? Of course not, we’re watching a debasement of currencies worldwide continue - and money from all around the globe is spilling into U.S. markets. The U.S. equity market is now 70% of the Global MSCI Index. That’s literally what you call the Great American Bubble.
Dear Fellow Expat:
On August 3, 2013, my entire family flew halfway across the country to West Lafayette, Indiana.
The event was my graduation from Purdue’s Agricultural Economics program.
It was a wonderful affair, concluding with a large reception at the school’s football stadium's club level. As the event wore into the final hour, I recall Dr. Allan Gray, head of my program, walking around and saying goodbye to everyone.
When I shook his hand, my then-girlfriend Lisa stood to my left. Allan to my right.
I asked him a question. It was important.
You see… I’ve never been good at r…
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