From Bill Bonner, chairman, Bonner & Partners: Traders, investors, speculators—they’re all adjusting their medications. They went to bed last week confident that Brexit would fail. But whoa! Breathing In and Out “Economies breathe in and breathe out,” we told Bonner & Partners Editor at Large Chris Lowe recently. Chris was interviewing us for a podcast […]
Editor’s Note: The recent Brexit vote caused the largest single-day global sell-off in market history. Over $2 trillion was lost in under 24 hours. If you were paralyzed by fear on that day, today’s guest post is a must-read. Dan Ferris, editor of Extreme Value, penned the piece below a few years back when another […]
An eerie, unprecedented move in the markets just happened… and you’ll never hear about it on CNBC. In today’s 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari is almost dumbfounded by something he’s never seen in his 27 years working in the markets… It’s indicating the markets’ post-Brexit “breather” is about to end…
The global economy is within a razor’s edge of its next leg down… The U.S. 10-year Treasury note is now just above its all-time low yield. At the time of this writing, the 10-year note yields 1.4610%. In July 2012, the 10-year closed at 1.404%. A breakdown below the 2012 level will send yields into […]
The Washington Post reports famed defense attorney F. Lee Bailey just filed for Chapter 7 bankruptcy protection. He’s perhaps best known for anchoring O.J. Simpson’s “dream team” of lawyers at his murder trial. But Bailey has had a lifetime of high-profile—and multimillion-dollar—court cases to his credit. Somehow that didn’t stop Bailey’s assets dwindling to “a […]
“All the selling is going to beget more selling…” In today’s 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari explains how the “Brexit”-fueled sell-off in stocks is not over. If you’re salivating over European stocks presenting a 10% discount (or more) to their pre-Brexit levels, “Big T” shows you exactly how to avoid making […]
For almost a million “retirees” in this U.S. state, work-till-you-drop is now the new normal… The Sacramento Bee reports 740,000 Californians over age 65 are still in their jobs (or looking for work). The number’s about twice what it was 15 years ago. Higher numbers of seniors in both the 65-69 and 70-74 demographic groups […]