The world’s greatest investor is running out of things to buy

It was late October, 1989. East Germany was disintegrating, and the Berlin Wall was days away from coming down. The Soviet Union was just starting to fall apart. George H. W. Bush (the elder) was President of the United States….

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Trade War Returns: China Vows Retaliation To US “Blackmail” If Trump Hikes Tariffs

It took less than a day for the latest trade war ceasefire with China to crash and burn. Just hours after reports spread that Trump is considering more than doubling planned tariffs on $200 billion in Chinese imports, raising the…

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Government’s already-dismal budget forecast just got 106% worse

Yesterday the Office of Management and Budget released a new report called the “Mid-Session Review” of the US federal budget. It’s something they’re required by law to do– periodically review and update the government’s budget and track the changes. The last government…

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Billionaire Druckenmiller: “Can we try capitalism? Real capitalism. Give it a chance”

Over the weekend I came across a recent speech given by hedge fund billionaire Stanley Druckenmiller that really lays out the pitiful state of free markets around the world. Druckenmiller gave the speech a few months ago upon receiving the…

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How to retire in style even with Social Security going broke

We’ve spent a lot of time in our regular conversations talking about the looming retirement crisis around the world. The data is horrific. Pension and Social Security programs in nearly every developed nation are woefully underfunded. In the United States,…

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The state of New Jersey just signed its own death warrant

You would think New Jersey would have learned its lesson… Two years ago, New Jersey’s richest resident – hedge fund billionaire David Tepper – decided to move himself and his business to Miami Beach. Tepper, who personally earned more than…

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Three critical lessons from Europe’s recent mini-meltdown

Trying to trace the origins of the latest political crisis in Italy is like… well… trying to trace the origins of the decline of the Roman Empire. There simply is no good starting point. You can’t talk about the decline…

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It’s Getting Worse For Tesla

As if things weren’t bad enough for beleaguered Tesla… The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon…

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Warren Buffett isn’t buying. Why should anyone else?

Over the weekend on Saturday morning, amid its usual fanfare and attention, Warren Buffett’s company Berkshire Hathaway released its annual report to the public. This is a pretty big deal each year. Investors and financial reporters typically wait with baited breath to…

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This may be the beginning of the Great Financial Reckoning

Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years. And the numbers are pretty gruesome. In order to plug the…

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