From Mark Ford, founder, Palm Beach Research Group: My wife, K, and I just welcomed our first grandchild. This baby is being born into a world of financial insecurity. By the time he’s ready to retire, there’s a good chance there will be no Social Security. And there’s a good chance the income potential for […]
Something disturbing is happening in the Japanese bond market… Zero Hedge reports the Japanese 40-year bond hit a record low yield of 0.403%. Here’s the interesting thing: The Japanese 30-year bond yields more—0.437%. This is what’s known as “inverted yield.” It’s a warning sign markets flash as they hit their breaking point… Longer dates to […]
The largest U.S. coal producer is going bankrupt… Bloomberg reports Peabody Energy Corp. (BTU) missed a $71 million semiannual bond payment last Tuesday. It has a 30-day grace period to pay investors—but it’s doubtful. Peabody informed the Securities Exchange Commission (SEC) it may require Chapter 11 bankruptcy protection. A combination of cheap natural gas (a […]
Banks are now charging to make change… and tracking who asks them to do it. Greek newspaper Ekathimerini reports several Greek banks now charge customers to swap out their banknotes. Trading a 500-euro bill ($564) for smaller bills will cost you three to five euros ($3.38 to $5.64). The policy follows a recent announcement by […]
From Mark Ford, founder, Palm Beach Research Group: I injured my shoulder wrestling a few weeks ago and it doesn’t seem to be healing. Certainly not as fast as it would have healed when I was in my 30s. This is one of the many execrable things that happen when you reach your 60s. But […]
The world’s second-largest reinsurance company is pulling its cash out of the bank… [Reinsurance is the business of insuring other insurance companies.] Bloomberg reports Germany’s Munich Re pulled $11 million in cash out of its overnight accounts with the European Central Bank (ECB). It did this to avoid paying the ECB’s negative interest rates. Last […]
From Mark Ford, founder, Palm Beach Research Group: Extra income streams grow miraculously. They get bigger and easier to generate as time passes. After a month, you have an extra $200 in your pocket. At six months, you’re pulling in $600 per month. And by the end of the year, it’s $1,200 per month, or […]