June 8, 2018, We bought a Tailored Brands Corporate Bond in Feb 2017. This was a distressed junky high risk bond. Well, the bonds did go up, and in addition we have been receiving the dividends. Essentially this was a ‘trade’.
Altho the Company is doing ok, we do not want to hold on. When you have profits, it is time to take them and get out of Dodge….as they say in the Westerns. Speaking of which, there is a wonderful, wonderful western series on Netflix called Longmire. Check it out.
SELL Tailored Brands.
Also, we have several low interest, low paying corporate bonds that we are still reviewing to sell. We want to get rid of these and start buying some higher paying positions.
Is Trump winning again?
For all of Europe’s bluster, and increasingly vocal “resistance” to Trump unique approach to international politics, especially when it comes to Iran when Brussels swore it would defy the US president and continue business as usual with Tehran, it took Europe about a month to fold, and as Reuters reports European refiners are now unofficially winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports.
And since the only true leverage that Iran had vis-a-vis Europe was its deeply discounted crude oil, the shuttering of crude purchases from the Islamic republic will suddenly make European governments especially ambivalent whether to continue fighting Trump in hopes of salvaging the Iranian nuclear, when there is only downside left.
Medicare’s trust fund has just eight more years of solvency until 2026, and Social Security will be exhausted in 2034, according to Thursday projections by the trustees for the government programs.
While Social Security’s expected depletion is unchanged from last year’s projection, the date for Medicare’s demise was moved up three years.
Almost seven-in-ten Americans (68%) feel worn out by the amount of news there is these days, compared with only three-in-ten who say they like the amount of news they get. The portion expressing feelings of information overload is in line with how Americans felt during the 2016 presidential election, when a majority expressed feelings of exhaustion from election coverage.