UPDATE 11.30.23: Have you added fixed income to your portfolio yet? After over a decade of loose monetary policy, some investors have forgotten about the benefits of fixed income in their portfolios. Some younger investors have come into adulthood having never experienced bond yields worth sinking their teeth into. Now they can. Don't miss a generational opportunity in fixed income. Originally posted April 14, 2023. As you can see below, you’re witnessing a generational opportunity in fixed income. Attention retirees and those soon to be retired—don’t miss the boat. Because when you … [Read more...]
Archives for November 2023
World’s Largest Container Shipper Sued for Exploitative Pandemic Behavior
Costas Paris of The Wall Street Journal is reporting that the bankruptcy estate for Bed Bath & Beyond wants the world’s biggest ocean container mover to pay for pandemic disruptions. He writes: The bankruptcy estate of Bed Bath & Beyond has filed the largest ever lawsuit with the Federal Maritime Commission, seeking around $300 million from Mediterranean Shipping Co. for allegedly overcharging to move its cargo during the pandemic. The bankrupt retailer wants Geneva-based MSC, the world’s largest boxship operator in terms of capacity, to pay around $150 million for damages and an … [Read more...]
First Class Mail Takes Backseat to Amazon Packages
Caroline O'Donovan and Jacob Bogage of The Washington Post tell their readers that carriers who previously had delivered dozens of small parcels a day plus paper mail suddenly had to deliver between 300 and 500 boxes previously handled by UPS. First Class mail has taken the back seat to Amazon deliveries and has been delayed for days. They write: When Delbert Mikelson’s mail started showing up late — and sometimes not showing up at all — he blamed it on the opening of deer season. “I thought my carrier was out hunting,” Mikelson said over a breakfast of eggs and pancakes at … [Read more...]
It’s California vs. Florida in the Big State Debate
On Thursday, November 30, Fox News and the station's primetime personality, Sean Hannity, will host a debate between California Governor Gavin Newsom and Florida Governor Ron DeSantis. Isabella Simonetti explains the debate in The Wall Street Journal, writing: They aren’t running against each other. Still, Ron DeSantis and Gavin Newsom will take their fiery feud to Fox News this week in a debate moderated by Sean Hannity, offering up a head-to-head that stretches the boundaries of traditional political programming. After trading barbs in the media for more than a year over issues from … [Read more...]
China Proposes Massive Integrated Super Port Across Islands
Cichen Shen of Lloyds list is reporting that China is proposing a multi-billion dollar port project, including up to 50m teu of container capacity. The project is envisaged as a strategic move to strengthen trade in Southern China and drive integration through one of the country’s largest economic powerhouses. She writes: BEIJING is considering a proposal to construct a massive integrated super port across islands south of Hong Kong, consolidating regional port resources to challenge Singapore’s shipping hub status. The infrastructure project, potentially costing over $20bn, is also … [Read more...]
Could Ammonia Be the Next Great Fuel Source?
In The Wall Street Journal, Phred Dvorak discusses the possibilities and drawbacks of using ammonia as a fuel source. He writes: Ammonia is made by producing hydrogen, then adding nitrogen. It is made in massive volumes globally—the bulk as a building block for fertilizer and the rest for uses ranging from refrigerants for skating rinks to the smelly household cleaning liquids most people are familiar with. While plants benefit from the nitrogen portion of ammonia, the clean-fuel industry is interested in its hydrogen content. Hydrogen, one of the world’s most common elements, can burn … [Read more...]
Weathering the Luxury Home Recession
Pam Danziger of The Robin Report tells her readers that leading luxury home furnishings and furniture retailers are already feeling the pinch. She writes: The U.S. luxury market is rapidly falling into a recession (if it isn’t already there), according to Chandler Mount, founder of the Affluent Consumer Research Company. His firm’s latest survey of affluent luxury consumers (average income, about $400k) finds their financial confidence has dropped from an index of 64.2 points in June, the highest it’s been all year, to 55.6 points in October, its lowest. And the index measuring future luxury … [Read more...]
Can the Supreme Court Stop Wealth Taxes Before They Start?
You probably haven't heard of Moore v. United States, a little-known case working its way through the courts that could have major implications for America's savers and business owners. The case revolves around the government's power to tax unrealized gains. These are gains on assets that an owner hasn't locked in yet, and which could disappear with any swing in the market. Tobias Burns and Zach Schonfeld report in The Hill, writing [Your Survival Guy's emphasis in bold]: The Supreme Court will hear oral arguments in early December on a case that has the potential to broadly reshape the U.S. … [Read more...]
Home Sales Slump as Prices Hit New Highs
Nicole Freidman of The Wall Street Journal tells her readers that home prices hit a new record in September due to a shortage of homes for sale, even as high interest rates made home purchases less affordable. She writes: The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September, compared with a 2.5% annual increase the prior month. The September level was the highest since the index began in 1987. On a month-over-month basis, the index rose a seasonally adjusted 0.7% in September. Home … [Read more...]
A Case of the Bah Humbugs for Toy Sales
Harriet Torry and Ben Glickman report that sales of toys and games have slumped as Americans show signs of pulling back. They write: Shoppers couldn’t get enough toys and games during the pandemic. Now, they are finding other ways to spend their time, and that is spelling trouble for toy makers and sellers. Sales of toys have slumped so far this year, down 8% through September compared with the same period last year, according to market-research firm Circana, and appeared poised to be lackluster this holiday season. Imports of toys and games have fallen sharply this year and sales at toy … [Read more...]
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