Business

Authored by Lance Roberts via RealInvestmentAdvice.com,

Something unexpected happened on the market's relentless trek to all time highs: the market died.

With Toys 'R' Us having already filed Chapter 11 bankruptcy, in a move that came as a shock to most of its bondholders, suddenly the race between Bon-Ton Stores and Sears Holdings who will file next, is entering its last lap.

For those who may have missed it, late last week, in a scenario right out of the last days of Toys "R" Us, some of Bon-Ton Stores’s suppliers reportedly scaled back shipments and asked to be paid sooner in order to protect themselves from potential losses in case the department-store chain unexpectedly filed for bankruptcy, Bloomberg reported on Friday.

Richard Sylla: 70% to 80% Chance of Another Global Financial Crisis

Written by Peter Diekmeyer, Sprott Money News

When Janet Yellen, Chairman of the US Federal Reserve, said in June that she does not expect another financial crisis in our lifetime, eyebrows were raised.

None more so than Richard Sylla’s.

Thirty years ago this week, the stock market took a massive nosedive, a crash that came to be known as Black Monday. Many investors were destroyed by this one day's collapse, but, as we noted earlier, some survived (and even fewer thrived).

A few investors said they predicted the crash, including one familiar name: Donald Trump.

While now-President Trump is crowing about the surging stock market almost every day (for instance today)...