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How the NICE decade turned nasty as the financial boom went bust

IN the fairy tale, courtiers persuade the emperor to parade naked through the streets because he is supposedly robed in new clothes made of a cloth which appears invisible to people unworthy of their office. It is left to a guileless child to see through the confidence trick. We live in a democracy. There is careful scrutiny of every public decision. So, the confidence trick needs to be that bit more subtle. It need not even be a conscious trick, but may instead be motivated by genuine belief. And it may take years for the trick to be revealed. During the 1992 US presidential election, James Carville, in managing Bill Clinton’s campaign kept on reminding his candidate: “It’s the economy.”

【传奇大观】误入真境失机缘 增寿明志再寻仙 | 李球 | 修行

【传奇大观】误入真境失机缘 增寿明志再寻仙 | 李球 | 修行
epochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from epochtimes.com Daily Mail and Mail on Sunday newspapers.

Verdence Capital Advisors Sells Minority Interest to Emigrant

Verdence Capital Advisors Sells Minority Stake to Emigrant Verdence will use the fresh capital to hunt for more talent and further develop its family office and financial planning services. Emigrant Partners, a private equity subsidiary of New York Private Bank & Trust, has taken on another growth project in the registered investment advisory space. On Wednesday, it completed its minority investment in Verdence Capital Advisors, a wealth management and family-office firm based in Baltimore. Verdence opted for convertible equity, a type of seed financing for young companies, under the advisement of investment bank Park Sutton Advisors. Leo Kelly, CEO and founder of Verdence, said his firm will use the capital to expand its national brand through acquisitions and invest in its advisor and client-facing technology. 

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