DailyMarkets.com - Michael Burry: UCLA Commencement Address . . . . Strongly Recommended

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• Michael Burry: UCLA Commencement Address . . . . Strongly Recommended
• BIS: Fix Banks To Break The Vicious Economic Cycles
• BIS Warns Central Banks’ Credibility Under Threat
• Amazing Illusions: Two Of The Best Ever

Michael Burry: UCLA Commencement Address . . . . Strongly Recommended Posted: 24 Jun 2012 07:25 AM PDT The lessons we learn from those who see the ocean while all are focused on a wave are truly special. Thanks to our friend Huckleberry for prompting me to view the UCLA commencement address recently delivered by one Dr. Michael Burry. Burry strikes me as a relatively soft-spoken and unassuming individual. His message is anything but. This address is a must view. Burry may be talking primarily to the UCLA graduates but his message resonates far beyond that small group. He provides wisdom to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BIS: Fix Banks To Break The Vicious Economic Cycles Posted: 24 Jun 2012 07:00 AM PDT     The global economy is trapped in a maelstrom of vicious cycles and the best way to halt this downward spiral is to recapitalize banks so they no longer burden governments and can return to their role of supporting economic growth, the Bank for International Settlements (BIS) said.     Major parts of the economy – households and firms, governments and banks – must improve their financial positions but they are stuck in vicious cycles: As households and firms … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BIS Warns Central Banks’ Credibility Under Threat Posted: 24 Jun 2012 07:00 AM PDT      Central banks' hard-won credibility and independence is threatened by the growing dependence on easy and abundant money by governments and financial markets, the Bank for International Settlements (BIS) said.     The inability of many governments to tackle major challenges, both short-term deficits and the looming costs of unfunded pensions and healthcare systems, may put central banks under pressure to provide further stimulus, especially if economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing Illusions: Two Of The Best Ever Posted: 24 Jun 2012 06:40 AM PDT It’s been awhile since I’ve featured an illusion, the last one was the peacock illusion above, which I thought was one of the best ever.  Both birds are exactly the same color, but you’ll never convince your mind of that, see it here without the background.   Here’s a new one that might be even better, courtesy of Alex Tabbarok, where again you can’t convince your mind that the two boxes are the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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