Is Netflix being run by the United States Congress?

Shares of Netflix soared today on news the company lost a record $859 million in cash in the third quarter. Why are investors applauding this egregious destruction of capital? Well, it’s because investors only look at one number when Netflix…

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Possibly the perfect place to invest today (and pay ZERO tax on your gains)

One other important factor to consider is TAX. I’m a big believer in taking every legal means at your disposal to reduce the amount of taxes that you owe. It’s one of the reasons I’m in Puerto Rico. Here, I…

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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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