Weekend Reads: Families in Debt

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Wells Fargo Bank has been ordered to pay $185 million in fines and penalties to settle what the Consumer Financial Protection Bureau calls “the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts.”

Wells Fargo Fined $185 Million Over Creation Of Fake Accounts For Bonuses – (NPR)

 

These findings should give investors confidence that time-series momentum will continue to be a strategy likely to provide diversification benefits and improve portfolio efficiency.

Swedroe: Trend Following Works Weakest After Crises (ETF.com)

 

The share of families in debt … remained almost unchanged between 1989 and 2007 and then increased 50% between 2007 and 2013,” the report said.

Americans’ debt problems have evolved – (USA Today)

 

“I worried about the separation between technical models and real people, and about the moral repercussions of that separation,”

Math is racist: How data is driving inequality – (Money CNN)

 

It took nearly nine years for total fuel use to surpass its prerecession peak

Americans Drive to a New Record in Gasoline Consumption – (Wall Street Journal)

 

Wang says his Guli Trend Aggressive Strategy fund has climbed about 750 percent this year, extending an advance since its March 2015 inception to 2,100 percent.

This Hedge Fund Made 2,100% From World’s Most Extreme Market Mania – (Bloomberg)

 

Man-made climate change about doubled the chances for the type of heavy downpours that caused devastating Louisiana floods last month,

NOAA: Global warming increased odds for Louisiana downpour – (AP)

 

“Whatever we throw, [it] sticks. That’s why they can learn Spanish in six months when it takes us six years,” says the New York City based child psychologist, “but also why if they’re exposed to community violence, or domestic violence, it really sticks.”

Screening Mental Health In Kindergarten Is Way Too Late, Experts Say – (NPR)

 

More than 60 percent of the world’s illiterate population are women. Females earn 24 percent less than male workers. Only a fifth of landowners are women and less than a quarter of all lawmakers.

The World Has a Sex Problem. It’s Hurting Growth – (Bloomberg)

 

“People seem to be in a rush these days and forgetting to say ‘please’ when they ask for something,”

Spanish café begins charging more for coffee if customers are rude – (Independent)

Chicago:

Two potentially major real-estate developments—both at highly desirable locations, at sites well-known for previous false starts—could begin early stages of development as early as next year.

New Plans For The Infamous Chicago Spire And The Riverfront Prairie Are In The Works – (Chicagoist)

 

The Associated Press has taken an official stance on a simmering Chicago spelling dispute:

The CTA Train System Is Spelled ‘L,’ AP Says, Bringing The Hammer Of Justice Down – (Chicagoist)

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

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