Carl Icahn has generated one of the best long-term investment track records in history, but he has also made a lot of powerful enemies over the years. Now the prominent short-selling firm, Hindenburg, is targeting Icahn and his company. Here’s why we are keeping IEP in our model portfolio.
America is not yet lost. But we are very close to the complete collapse of not only our financial system, but our entire way of life.
The reality is that the Fed’s actions could have the near-opposite effect of QE. Instead of easing financial conditions and boosting asset prices, they’ll likely lead to further tightening and hasten the arrival of the impending credit crunch.
Eventually, people will stop worrying about the viability of private banks like Credit Suisse, and start worrying about the viability of central banks and the currencies they issue. The coming loss of faith in government-issued currency will cause the ultimate bank run – a run on central banks. A Run on Central Banks On March
In today’s special edition of Something You Don’t Know, you’ll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.
Current Fed Chairman Jerome Powell wants to put an end to inflation. Unfortunately – for Powell, for markets, and for investors – it appears increasingly unlikely that he’ll get his wish.
Norfolk Southern is the latest poster child for the pitfalls of financial engineering. Years of reckless cost cutting and debt-fueled buybacks, at the expense of infrastructure upgrades, have caused an ecological disaster.
In many ways, the 2020s inflation scenario matches that of the 1970s.
One of many casualties of the coming corporate debt implosion.
Every once in a while, a financial panic or deep recession provides the rare chance to buy quality merchandise at fire-sale prices. The time isn’t now, but it’s coming. Don’t Believe in “The End of America”…? Then Watch Gold Gold is the best-performing asset class since 2000. It has outperformed stocks, bonds, cash, real estate,