Last Monday, Google released its second-quarter earnings report. The company crushed its earnings estimates by 13%… and beat revenue estimates by 2%. Yet the next day, Google’s stock tumbled 3%. It fell another 2% the following day. That’s a combined 5% drop over two days for a company that—by all accounts—hit a home run. Here’s […]
In his book Hot Commodities, legendary investor Jim Rogers says it’s time to sell a commodity when… Instead of CEOs and (venture capitalists) in suspenders, you will see rich, smiling farmers and oil rigs on the covers of Fortune and Business Week. CNBC’s “money honeys” will be broadcasting from the pork-belly pits in Chicago, and […]
If you think Washington, D.C., is crazy, get a load of this… Last year, Brazil’s Senate impeached former President Dilma Rousseff for corruption. Last month, prosecutors filed corruption charges against Michel Temer, Rousseff’s successor. If he doesn’t step down, he could be impeached, too. But it gets even better… Temer’s potential successor is under investigation […]
Nick’s Note: In today’s Daily, longtime PBRG friend Bill Bonner shares his views on Donald Trump’s outsider status… By Bill Bonner, chairman, Bonner & Partners One of the most remarkable conversations on finance we’ve ever had happened here in Lausanne [Switzerland] yesterday. “You mean it costs as much to put money on deposit at a […]
Your recap of the week’s most valuable and profitable ideas… Monday, July 24, 2017 Financial Martial Law Did you know that as an American, you’re not free to spend your money as you see fit? Under civil asset forfeiture laws, police and federal agents can confiscate any cash you might have on you if they […]
After 30 years of farming, David Radenberg had a decision to make… “Do I go work at Walmart as a greeter or as a parts man at the mechanic shop?” Radenberg has sowed wheat on his family’s 2,400-acre farm in Claflin, Kansas, for three decades. This year’s crop could be his last. You see, grain […]
Nick’s Note: The Palm Beach Letter editor Teeka Tiwari has an urgent announcement today about bitcoin. By Teeka Tiwari, editor, The Palm Beach Letter Pshhhkkkkkkrrrrkakingkakingkakingtshchchchchchchchcch*ding*ding*ding The above “language” might look like gobbledygook to you. But if you were born before 1990, you’d know what it was if you heard it. That’s the ear-splitting sound made by […]