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32d06/16

Why do we trust popular investors more than successful ones?

Maybe I'm overthinking this. A while ago I noticed that some analysts on X with huge followings can get thousands of likes on a prediction, even when their track record isn't publicly available. At the same time, there are traders on forums who regularly share detailed analysis and even post verified results, but barely get any attention. Maybe that's just how social media works. But if two investors have similar results, why do we tend to trust the one with the bigger audience more? Is that jus

Socialunclassifiedusa
32d06/16

Philippines ‘still not ready’ for ‘Big One’ even after latest quake

When the ground tore open beneath the Philippines last week, Roldan Dante was working in a nearby town. By the time he could return, his home in Glan, Sarangani province, had collapsed. His wife and two young children were gone. “If only I had known this was going to happen, I would have picked them up,” he told This Week in Asia, as social workers pressed government cash aid into his hands. “I feel traumatised. I’m in shock and I still can’t accept what happened.” Dante’s loss speaks to the...

unclassifiedchina · asia
32d06/16

Panicked residents flee as ‘extremely strong’ earthquake hits Indonesia’s Sulawesi

A 6.7-magnitude earthquake shook part of central Indonesia’s Sulawesi island on Tuesday, causing scattered damage and rattling residents of a city devastated by a quake and tsunami eight years ago. The strong shaking sent people fleeing into open areas in and around Palu, a city of about 400,000 people and the capital of Central Sulawesi province. Several hospitals evacuated patients, some with IV drips, outdoors as a safety measure. Images from the area showed heavily damaged structures with...

unclassifiedchina · asia
32d06/16

China ‘overcapacity’ is a smokescreen for Western protectionism

“Overcapacity” has become the buzzword in Washington and Brussels. American and European policymakers insist China churns out far more steel, electric vehicles and green technology than it can absorb, flooding the world with subsidised goods. Yet the economic data tells a different story: of double standards, protectionist impulses and a habit of moving the goalposts. Start with steel. Western officials point to China’s massive output as proof of distortion. But China official data puts the...

unclassifiedchina · asia · usa
32d06/16war-conflict · 3/5

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and Iran earlier this week. Morgan Stanley now sees Brent crude averaging $80 per barrel in the last quarter of 2026, and $90 per barrel in the third quarter, Bloomberg reported, citing a note from the bank’s commodity team. Morgan Stanley’s earlier forecast was for an average of $100 per barrel of Brent in the third qu

unclassifiedmiddle-east · russia · usa
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