More disturbing news out of Japan… Fortune reports shoplifting among Japanese elders has skyrocketed 72% since 2005. Old-timers now commit over one-third of all shoplifting in Japan. And 40% of repeat offenders have committed the same crime six times or more. Here’s the key part: Their goal is prison. It’s cheaper than long-term care. Prison […]
From Mark Ford, founder, Palm Beach Research Group: My friend Paul enrolled the two of us in a BMW driving program. To my surprise, it turned out to be both fun and educational. A series of lanes, loops, and obstacles (rubber cones) was set up in a vast parking lot next to a racetrack here […]
Fear has left the markets… for now. The Volatility Index (or VIX, the market’s “fear gauge”) has fallen to its lowest point since last August. (It’s below 14 for the second time in a week.) That’s when complacency ruled the markets… right before the VIX spiked to over 40… and the S&P 500 plunged 10%. […]
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From Mark Ford, founder, Palm Beach Research Group: I love books about people who, against all odds—and contrary to the advice of friends and colleagues—succeed on a monumental scale. People like Henry Ford, Henry Flagler, Oprah Winfrey, Mark Zuckerberg, and Steve Jobs. But these stories support a common myth: that you can be successful “on […]
Get ready for another oil drop… Bloomberg reports an all-time record “short squeeze” rocketed oil prices 50% higher over the last seven weeks… not traditional bullish bets. [A “short squeeze” happens when rising prices force bearish traders to liquidate their short positions. In a short position, a trader has borrowed and then sold a security… […]
Bloomberg reports 31 companies worldwide defaulted on corporate bonds so far in 2016. That’s the highest number since 2009’s Great Recession (when 42 companies defaulted). And we’re only three months into the year… Even more disturbing is the number of U.S. defaults. It’s only a few companies shy of 2009’s highs. Most of the defaulting […]