The Economic Data calendar for the week of the 24th of March through the 28th is full of critical releases and events. Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on.
Billionaire Google co-founder and CEO Larry Page told Charlie Rose at TED this week that when he dies, he'd rather leave his savings to capitalists like inventor Elon Musk, founder of Tesla, SpaceX, and Solar City, than to a charity. Hey Now. Strong words…
We wanted to know how many people agreed with Larry Page in our Poll of the Day: Would you rather leave your money to charity or Elon Musk?
At the time of this post, 57.1% of respondents picked ELON with 42.9% picking CHARITY.
Hedgeye Managing Director Moshe Silver put his money on ELON arguing, “the charity model is broken. The biggest problem is lack of transparency over use of funds, and secret agendas. Musk is a creative genius dedicated to making the world better through humanity-changing technology, and he's got audited financials. It ain't perfect, but worth a shot.”
Other voters who picked ELON said he can do more good for the whole, maybe by even creating a new, revolutionary charity. One commenter said, “It's short term vs. long term view. Feed a thousand now or save a million later. Musk secures the long term and thinks big picture.”
Another said, “Elon takes big leaps to explore and solve problems, while most leaders at charities don't have the mind-set to turn something on its head and re-think the way things can be done... furthermore, various aspects of capitalistic ventures can solve some of humanities problems.”
Though the poll leaned toward ELON, there were plenty of comments on why CHARITY was a better bet:
In the end, the real question may be: Why does Larry Page think he will die before Elon Musk?
The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.
Takeaway: YTD weekly average inflow for equity mutual funds is now $4.7 billion, an improvement from the $3 billion weekly average inflow for 2013.
Total equity mutual funds produced another week of inflow with $3.1 billion of net subscriptions, a deceleration from the $5.3 billion inflow the week prior.
The $3.1 billion inflow had a domestic fund bias during the most recent 5 day period ending March 12th, with $1.9 billion flowing into U.S. equity funds and $1.2 billion flowing into international stock funds.
The 2014 running weekly average inflow for equity mutual funds is now $4.7 billion, an improvement from the $3.0 billion weekly average inflow for 2013.
Of note, the most recent ICI fund flow survey relayed the strongest taxable bond fund flow in well over 3 quarters since May of 2013
Continued positive equity mutual fund inflow currently supports our long recommendation on T Rowe Price (TROW) which benefits from this trend with a leading retail equity mutual fund franchise.
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Takeaway: Damn the long-standing American principle of "Franklin Frugality." America continues to destroy its citizens' hard-earned currency.
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