Authored by Simon Black via SovereignMan.com,
For the last several days I’ve been speaking at an investment conference organized by my friends Robert Helms and Russell Gray.
It’s been great so far, and my fellow speakers here include the legendary Robert Kiyosaki, G. Edward Griffin, Peter Schiff, and many more.
One of the key themes so far in the event is that there are likely problems ahead for the US real estate market.
Seemed appropriate...
The situation is rapidly deteriorating for America's "bricks and mortar" retailers. As discussed earlier this week, some 9 retail outlets have already filed for bankruptcy protection in 1Q 2017 alone according to Alix Partners. That volume of filings matches the total number of retail bankruptcies for all of 2016 and puts the industry on pace to exceed even the 'great recession' highs.
Via Investment Research Dynamics,
Please note, many will argue that the p/e ratio on the S&P 500 was higher in 1999 than it is now. However, there’s a number of problems with the comparison.
While Jamie Dimon made headlines with the warning that "something is wrong" with America, to which he dedicated a substantial portion of his latest annual letter to shareholders, a less discussed declaration by the JPM CEO was that the too-big-to-fail problem, one which clearly impacts his own bank, JP Morgan, has been solved.