“With the debt payment looming, time ran out.” That succinct summary ended a Wall Street Journal article titled: Saks Global Files for Bankruptcy, Undone by Debt and a Luxury Slump. A year ago, Saks Fifth Avenue’s parent company purchased its […]
The post Luxury Slump Bankrupts Saks Fifth Avenue appeared first on RIA.
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A Bear Market Is A Good Thing.
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Rally Into Year-End: 3-Reasons To “Buy Dips”
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🔎 At a Glance 💬 Ask a Question Have a question about the markets, your portfolio, or a topic you’d like us to cover in a future newsletter? 📩 Email: [email protected]🐦 Follow & DM on X: @LanceRoberts📰 Subscribe on Substack: @LanceRoberts We read every message and may feature your question in next week’s issue! 🏛️ …
Capitalism: The Road To Wealth And Happiness
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The graph below presents another opportunity to revisit how capitalism and the economic freedom it entails lead to prosperity. The scatter plot below shows the intersection of The Fraser Institute’s Economic Freedom Index with per capita GDP for 102 of the largest economies. Before analyzing the graph and what it implies for capitalism, let’s gain …
Recession And Bonds: Navigating The Next Recession
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Mainstream commentary repeats a simple refrain: “Buybacks return capital to shareholders.” The logic sounds convincing. A company reduces its outstanding shares, giving each shareholder a larger slice of the earnings pie. But as I’ve discussed in past work like “Stock Buybacks Aren’t Bad, Just Misused,” the reality is more complex. If corporate buybacks were an …
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