In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
investors are panicking because they think assets like stocks, bonds and real estate are about to collapse. So they are dumping as much money as possible into highly-liquid assets such as cryptocurrencies. There is some evidence to support this thesis: last month hedge fund billionaire; and former Goldman Sachs partner, Mike Novogratz revealed that he has 10% of his money in ethereum and bitcoin.
Read More
Another major retailer Ace Hardware; which operates around 4,800 franchised stores in the United States, has started accepting Apple Pay. That gives Ace an edge over home improvement giants Home Depot and Lowes; neither of which accept Apple Pay. One has to wonder if this will force those retailers to start taking Apple Pay.
Read More
The most disturbing aspect of the retail apocalypse afflicting America is that nobody knows how many stores are really closing.
Read More
All this means that Kroger might be the best stock to buy take advantage of the paradigm shift that is transforming American retail.
Read More