Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other […]
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WASHINGTON – A partisan fight to raise the government’s borrowing limit is set to rise this week, with Democrats pushing ahead with a vote in the face of strident GOP opposition, raising doubts as to whether Congress will take action before the federal government runs out of money. . The deadlock has alarmed Wall Street […]
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Memories of the survival of Hurricane Maria still haunt the people of Puerto Rico, four years after the storm wreaked havoc in the United States on September 20, 2017. There are reminders of the destruction, with thousands of homes, many of which are still covered in blue tarps, yet to be repaired. Constant power cuts […]
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MEXICO CITY, Sept. 18 (Reuters) – Countries in Latin America and the Caribbean should aspire to a bloc like the European Union, the Mexican president and other leaders said at a summit on Saturday, with the aim of ‘wrest influence from the Organization of American States (OAS). For years, some of the region’s left-wing flag […]
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“This is the very definition of a competent government,” said Oliver. “As the city’s debt service is further reduced, the state and city will continue to work together to try to further reduce the municipal tax rate and increase services for people who live, work and visit the city. “ ATLANTIC CITY – The city […]
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(Bloomberg) – A deluge of leveraged buyout debt has been building up for months and is expected to finally hit the high yield bond market next week. Private equity firms are expected to start selling bonds to help fund Medline Industries Inc.’s debt buyout, the biggest buyout since the financial crisis. The sale will potentially […]
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Income Sharing Agreements (ISAs) were concocted over 60 years ago by Milton Friedman, but the funding instrument is still trying to establish its legitimacy. Why is this important: ISAs, which allow borrowers to get cash up front and repay it later through a portion of their future income, have been hailed as a solution to […]
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Cisco Systems (NASDAQ: CSCO) held its investor day on September 15th. Investors should pay close attention to this event as the tech giant discussed its long-term vision and announced new business goals. Here are three key takeaways from the event. 1. A large and expanding addressable market Over the past decades, Cisco has dominated its […]
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Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but the fact that you suffer a permanent loss of capital. “. It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often […]
Debt Instrument
A Ponzi Scheme of Prosperity: The American Development Model Only Creates the Illusion of Wealth
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The North American development model is an unprecedented experience. For thousands of years, humans around the world have constructed their habitats in similar ways, at similar scales, in patterns that are still familiar. Following the Great Depression and World War II, settlement patterns on the North American continent were completely overhauled. From top to bottom, […]