From Chris Mayer, chief investment strategist, Bonner & Partners: I was drinking mimosas and reading the paper at an airport bar when a story caught my eye… “Italy reaches ‘bad bank’ agreement with Brussels,” the Financial Times reported. “Bad bank” is one of those magic phrases that means an opportunity is afoot. When a country’s […]
Sam Zell says the U.S. economy is “in the ninth inning”… The Wall Street Journal reports the billionaire real estate magnate warns a recession will hit “in the next year.” He says his view isn’t pessimistic… it’s realistic. Zell may have one of the most attuned “crash detectors” of all investors. He was nicknamed the […]
From Mark Ford, editor, Creating Wealth: The business press is full of content about great leaders who excel at building unified teams. Every day, I seem to read a new article touting a CEO for fostering team spirit and loyalty. But no one talks about another valuable leadership skill: the ability to develop breakout superstars. […]
From Bill Bonner, founder, Agora Inc.: One of the big mistakes of modern corporate management is to reward CEOs and other hired guns based on short-term performance. This, backers say, gives them a stake in the results, almost like having “skin in the game.” They are motivated to produce good results. But skin is not […]
The world’s second-largest economy may have just entered its “crack-up boom”… Bloomberg reports Chinese steel prices have rocketed 46% higher since bottoming in December 2015. Chinese steel mills cranked out more metal in March than ever recorded. But here’s the curious part: The U.S. imposed a 256% tariff on Chinese steel imports last December. That […]
From Tim W.: I receive more than one of your newsletters (and other companies’ advisories)… and I don’t know who to believe. Each analyst says something different. I think you’re just trying to cover all your bases so someone is always right. At least it’s entertaining! Reeves’ Comment: Tim, there’s a simple way for conflicting […]
Markets have gone through a lot of turmoil in 2016. It’s why we’ve “pounded the table” on owning gold… Regular Daily readers know we view gold as “wealth insurance.” It’s a defensive position—a hedge against geopolitical uncertainty, currency debasement, and “black swan” events. You buy it and hope you never have to spend it. But […]