Retail just suffered its second-biggest bankruptcy ever… On September 18, Toys Toys “R” Us filed for Chapter 11 bankruptcy. The big-box toy retailer has 1,600 stores across the world. Many of them are still profitable. But the company has so much debt that it can’t pay its bills. Here’s why… Toys “R” Us has piled […]
Michael Burry is probably most famous for shorting subprime loans during the 2007–2009 mortgage crisis. You might recognize his name from the movie The Big Short. Actor Christian Bale portrayed Burry in the film. (I first wrote about Burry shorting the real estate market right here.) Here’s the thing… Most people don’t know that Burry […]
“When I see memos from Howard Marks in my mail, they’re the first thing I open and read.” Warren Buffett is one of the greatest investors of all time. But even the Oracle of Omaha follows Howard Marks. Marks founded Oaktree Capital Management in 1995. Since then, his funds have returned 19% annually… after fees. […]
The biggest problem facing retirees today is underfunded pension plans. They’re like a ticking time bomb buried deep within the financial system. And this time bomb could blow a $7 trillion hole in America’s retirement savings. The pension fund crisis isn’t new. Yet it’s far from the forefront of most Americans’ minds. However, looming demographic […]
Nick’s Note: Today, we have an exciting preview to share with you. Longtime PBRG friend and New York Times best-selling author Doug Casey just published a brand-new novel: Drug Lord. In this riveting tale—book 2 of the High Ground Novels—Charles Knight returns to the United States after seven years traveling the world. He embarks on two […]
Your recap of the week’s most valuable and profitable ideas… Monday, September 18, 2017 Demand for These Metals (Not Gold or Silver) Could Send Prices 300% Higher Since 2008, the Bloomberg Industrial Metals Index has dropped 75%. During this bear market, miners have decreased exploration. This pullback has ensured that supply will eventually tighten. And […]
Nick’s Note: Today, Palm Beach Letter analyst Greg Wilson tells us why China’s recent crackdown on cryptocurrencies is a buying opportunity for bitcoin. As Greg points out, this is not the first time China has tried to regulate a financial sector… Every time it does, there’s a huge drop followed by a big rally… By […]