The Scandal at CalPERS Gets Deeper

[Click to view in browser](. Business/Commerce [CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng]( It might behoove CalPERS Vice Chair of the Board and Investment Committee chair Theresa Taylor to heed folk wisdom, like “People in glass houses should not throw stones” and “When you are in a hole, stop digging.” [Read More]( 6698 [More on the bifurcation between the booming stock market and the bust of an economy](  I wrote that new stock market highs in the face of the worst US economic downturn since the Great Depression were primarily a function of a few stocks that are particularly tied to the global economy rather than tethered to the US; that those stocks also benefited from delivering online content or... [Read More]( 84 [Man Who Predicted 2020 Gold Rally Issues New Call]( Gold expert explains why massive shift happening right now in the financial markets could create biggest opportunity in last 100 years. [Click here to know more.]( Sponsored by Stansberry Research Economics [Three Things I Think I Think – Lumbering Along]( Here are some things I think I am thinking about: [Read More]( 1562 [Fed Chair Jerome Powell: Monetary Policy Framework Review]( From Fed Chair Powell: Monetary Policy Framework ReviewFederal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy This is on YouTube here. [Read More]( 542 [In-Depth Market Analysis Delivered Straight To Your Phone]( With Covid-19 completely upending economies and markets it is becoming harder and harder to separate the important updates from the noise. Now with perspectives from our team of experts in equities, forex and commodities you won't have to. Get in-depth analysis on the markets now. Download the FREE app from [Android Play Store]( or [iOS App Store.]( Sponsored by IC Speculation [America's Metastasizing Class Wars]( The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of capital and the means of production). These classes have been assigned various names (proletariat, bourgeoisie, capitalists, etc.) but these broad class definitions don't describe all... [Read More]( 667 [GPDThursday – Can Powell Reassure the Markets?]( -32.5% is expected and it's the 2nd revision to Q2's GDP, so there's not likely to be anything very surprising. As we noted yesterday, what really matters is how much Q3 improves but we're a long way from finding that out so people will speculate off Q2 and that's why Powell is scheduled to speak... [Read More]( 317 [What would core PCE futures price targeting look like?]( Here’s a conjecture. Core PCE futures targeting would look a lot like NGDP targeting. Not NGDP futures targeting, rather it would look like a monetary policy that stabilized current NGDP. In other words, a lot of the volatility of core PCE inflation is due to NGDP volatility, with NGDP impacting... [Read More]( 112 You are subscribed to email updates from [InvestingChannel](. To stop receiving these emails, you may [unsubscribe]( now. InvestingChannel, Inc., P.O. Box 118 New York, NY 10018. [Link](