After a back injury forced him to re-evaluate his Olympic dreams, Ben Davies found a new thrill in the competition of trading. Now managing a long-only gold fund, he strives to protect investors’ wealth while advocating for free market reforms around the globe.
This flock of black swans absolutely has not been discounted by the market, and has a much higher probability than the market's many armchair strategists, pundits, and seers realize. Personally, I put the odds of all this unfolding at one in three.
Increasingly we see countries ensuring their own industries have first rights to internally produced commodities. If any country is to end dependence on foreign supplied fossil fuels and reduce its carbon footprint it will have to develop uranium.
The fact that after over 30 years of consistent mismanagement and decline, there is still any discussion on whether or not we should allow the now significantly smaller "Big Three" automakers to fail is clear evidence that Washington has lost all common sense.