By Daily Crux Editor Brian Hunt:
Dan Ferris has a unique gift for reading through financial news... then sorting out the crap to deliver the "crux" of the story. His take is often far different from what the headlines indicate.
Below are several financial headlines of the past week. The actual headline is underlined, and Dan's comments follow underneath.
FDIC Fund Faces Years in Red as Failures Jolt System
Comment: You mean you can’t insure $400 of deposits with $1 of reserves? Life just isn’t fair.
Iran ‘has secret nuclear arms plan’
Comment: Who cares? Don’t look now, pilgrim, but an ambitious man named Barack Hussein Obama has a giant chip on his shoulder and his finger on the button of enough WMDs to make Donald Trump’s hair move.
Confidence surges among CFOs in US
Comment: Reminds me what Jim Rogers says about inside information. If you trust what the CEO says about the company, you’ll lose half your money. Trust the Chairman and you’ll lose it all.
To that I add, if you trust the CFO, you’ll soon find your life is one dead dog away from being a country song.
Grail's ETFs Take 'Active' Approach
Comment: The manager of Grail’s new products says ETFs are superior to mutual funds. How many mutual funds actually outperform the market? Like 5%? That makes ETFs the financial equivalent of lemon scented crap.
Crux note: Dan Ferris is the editor of Extreme Value... and he's currently recommending one of the safest and most lucrative investments you can make in the gold industry—yet it has nothing to do with mining stocks... or gold mutual funds... or gold bullion. Learn more about Extreme Value
here...
More from Dan Ferris:
Why you must own this "World Dominator"
If the repeated warnings of disaster have you concerned, read this...
"Either Wall Street has become brutally honest, or somebody printed the truth by accident..."
