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As Private Equity Funds Get Bigger, They May Be Less Likely to Deliver

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By John McDonald Private equity funds are getting bigger and bigger, capable of raising larger and large amounts of capital. Unfortunately, just because a fund is setting records for equity raises does not mean it is going to be a successful venture for investors.  According to the Wall Street Journal, “megafunds” of $10 billion or more have performed only “roughly in line with the S&P 500” rather than exceeding that market’s performance, as one would expect. Private equity funds have a historical reputation for returns closer to 20 percent and higher rather than just barely over 14 percent, as the...

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Facebook’s Cryptocurrency Could Resolve Stagnant Growth Issues, Resume World Domination

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By John McDonald Facebook has a problem. Actually, Facebook has several problems, only one of which is the extremely high-profile issue of privacy. Interestingly, the social media platform’s new cryptocurrency, Libra, takes inspiration from China’s largest social network and ubiquitous payment app, WeChat, for the answer to the company’s ongoing issues. Libra, which Facebook officially announced and confirmed mid-June, will launch in 2020 and be available in a cryptocurrency wallet that may be accessed via Facebook Messenger, WhatsApp, and as a standalone app. Not surprisingly, Facebook is positioning the launch of Libra and its digital wallet, Calibra, as a philanthropic...

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Gold Remains Bullish, Shows No Sign of Slowing

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By John McDonald With global economic tensions remaining high, gold’s price gains showed little sign of slowing. With the Federal Reserve signaling it could cut interest rates by the end of 2019, central banks buying up bullion and hinting around stimulus, and the U.S.- China tariff conflict apparently here for the duration, investors need little motivation to look for and invest in safe-haven asset classes. Gold, of course, tops the list. “Gold bulls are back in control,” said senior market analyst at Oanda Corp. Edward Moya. He added confidently, “The question is no longer will the Fed ease, but by...

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Trump: A 2020 Democrat Triumph Could Crash the Stock Market

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By John McDonald In the days leading up to his official campaign launch, President Trump was not particularly modest in his evaluation of how his time had been spent in office so far. “The Trump Economy is setting records,” he tweeted one morning. The next, he noted he believes under different leadership, Federal Reserve policy could have created a stock market “10,000 points higher.” It came as no real surprise, then, when the president launched his 2020 campaign for president that he would home in on the economy as one of his core issues. In fact, he went so far...

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3 Risk Factors That Could Trigger a Recession in 2020

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By John McDonald In the summer of 2018, NYU business professor and former senior economist for international affairs in the Clinton White House Council of Economic Advisors Nouriel Roubini partnered with colleague Brunello Rosa, chief executive and head of research at Rosa & Roubini Associates, to define a list of 10 risk factors that could trigger a U.S. recession. They came up with a list of 10 “potential downside risks.” Roubini recently authored a new article indicating that, in his view, nine of the 10 are “still in play today.” Of the 10 potential risk factors, some are relatively obvious....

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