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Editor's Choice for June 2
Better numbers
Three positive economic numbers showed up this week: May ISM manufacturing jumped to its "highest level since September," to 42.8, up from 40.1 and more than the consensus number, 42.3, accoring to High Frequency Economics on June 1, which also reported June 2 that the index of pending home sales jumped 6.7% for April, way above the consensus of 0.5%. And instead of an expected drop of 1.5%, construction spending jumped unexpectedly by .08% for April, High Frequency Economics said on June 1.
Hyperinflation and the Black Swan
Hedge fund firm Universa Investments L.P. which lists "the Black Swan" author Nassim Talib as a principa, is reportedly launching an inflation protection hedge fund that will invest in typical inflation hedges and may even short U.S.Treasury securities, according to ft.com's alphaville blog, and The Wall Street Journal.
About the Author
Kathleen McBride, AdvisorOne
Kathleen M. McBride, AIF ® is the Wealth Editor in Chief at AdvisorOne.com and was Editor in Chief at Wealth Manager, and Wealth ManagerWeb.com, (now part of AdvisorOne.com). She was Senior Editor at Investment Advisor. She has worked in journalism on-air, in print, and on the Web. She is a founder of The Committee for the Fiduciary Standard, working to ensure that investors have access to financial advice that is in their best interests.
After beginning her career on Wall Street as a broker, bond trader and then an investment advisor at a major bank, she ran new-media startups and developed interactive financial content with major media companies. McBride holds a BA from New York University and has completed the Investment Strategies and Portfolio Management program at The Wharton School of The University of Pennsylvania. She is an Accredited Investment Fiduciary with the Center for Fiduciary Studies.
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