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Penny stock trading is booming.
Seven of the top 10 most traded US equities in May are penny stocks worth less than $1. None are profitable Source: FT, Gunjan Banerji
Warren Buffett's Berkshire Hathaway owns 3% of the entire Treasury Bill market according to JP Morgan
Source: Barchart
As highlighted by Tavi Costa, this is one of the reasons China is enhancing teh quality of its international reserves and accumulating gold:
China’s macro imbalances are increasing pressure on its monetary system to devalue. Source: Bloomberg, Tavi Costa, Crescat Capital
The implications of an aging population for investment strategies
Source: Bloomberg
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