- More proof that times are tough all over. Hillary Clinton's son-in-law is shutting down one of his hedge funds after losing 48% last year in a Greece-focused strategy. Whatever remains of the $25 million raised will be returned to investors. Hopefully, Marc Mezvinsky's wayward bets on a Greek economic revival will be enough to deter the Democratic frontrunner from considering her son-in-law for a future economic-advisor position.
- If you're holding your breath waiting for normal interest rates to come back you're just going to pass out. It starts with inflation, which remains stubbornly absent in this economy.
- Despite all the fuss and tantrums over the plight of those trying to raise a family on a minimum-wage income, the data suggests a less grim reality. There has been a multi-decade decline in the percentage of employed people working for minimum wage.
- Renowned oilman J. Paul Getty made his riches following the straight-forward mantra of 'Rise early. Work late. Strike Oil.' But it turns out that getting filthy rich also might require some 'dumb luck.' It's all about chutzpah, who you know, and luck.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Hillary Clinton's hedge fund ties get trimmed by one
Plus: Don't hold your breath waiting for normal interest rates, the minimum wage truth, and it takes some luck to become super rich
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