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The Most Expensive Science Lesson in European History
The Most Expensive Science Lesson in European History
Authored by James Hickman via SchiffSovereign.com,
On March 11, 2011, a magnitude 9.0 earthquake struck off the coast of Japan and triggered a massive tsunami that slammed into the Fukushima Daiichi nuclear power plant. Three of the plant’s six reactors melted down, and it became the worst nuclear disaster since Chernobyl.
On the other side of the world, German Chancellor Angela Merkel panicked.
Her government had extended the operating lives of Germany’s 17 nuclear reactors just five months earlier. But, because of the earthquake in...
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A 10% Dip Is Not A Green Light To Go All In
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Submitted by QTR's Fringe Finance
This is the kind of environment where how you deploy capital matters far more than just being “in the market.”
One lesson I’d repeat to myself here: don’t go throwing all your cash into the market just because we’re down 10% from the highs. That kind of thinking assumes the decline is basically over, when there’s no rule that says it is. In fact, a 10% decline is just considered a correction, not a bottom,...
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