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Tim MaverickTim Maverick

, Senior Correspondent


Don’t Cry for Argentina, Change Is Here

In the early 20th century, Argentina was ranked as one of the 10 richest countries in the world. People used the phrase “rich like Argentina” to describe the fabulously wealthy. It was the future. Then a combination of factors made the country come crashing down – including military dictatorships, the populism that was Peronism, various...

Managements Leading Companies Off a Cliff

The quickest and surest way for investors to lose money is to invest in companies where the management is, to put it politely, incompetent. Numerous instances exist throughout history. But we’re perhaps seeing the worst example ever, and it’s from the global mining industry. The level of incompetence being displayed is simply astonishing. Chinese Steel...

The “Golden Age of Gas” Flames Out

It seemed like only yesterday – it was 2011, in fact – that the International Energy Agency (IEA) published a report on the bright future of natural gas. Titled Are We Entering a Golden Age of Gas?, the report said how great everything looked for gas and liquefied natural gas (LNG) thanks to soaring Asian...

Oil Glut Grows: 100 Million Barrels at Sea

The news from the oil patch is, in a word, ugly. Despite decent growth in demand, oil inventories around the globe are growing as oil producers like Saudi Arabia, Russia, and Iraq are pumping oil at record levels. According to the International Energy Agency (IEA), inventories of crude in developed countries stand at a record...

Manager Survey Flashes Warning Sign

There’s one piece of market-related data that I check faithfully – and I believe all serious investors should do the same. It’s the monthly survey of fund managers from around the world, conducted by Bank of America Merrill Lynch. The latest survey includes 201 fund managers with a total of $576 billion worth of assets...

Battery Technology Integral to Electric Grid

All too often technology is a lot of hype followed by disappointment. For example, shouldn’t there be a flying car sitting in my driveway by now? Flying cars might still be years away, but there’s one hyped technology in particular that’s getting close to becoming reality. The technology in question is battery technology. And soon...

Farmland: a Growing Investment Option

The last 20 years have seen a new asset category grow in popularity… farmland. And it’s easy to see why, because farmland is profitable. In fact, the National Council of Real Estate Investment Fiduciaries’ (NCREIF) Farmland Index had an average annual return of 12% over 20 years. That beat the NCREIF’s Commercial Property Index and...

Negative Interest Rates Coming to the U.S.

Back in October, I warned about several of the zany ideas that central bankers were ready to implement. And one of them – negative interest rates – is getting closer to becoming a reality here in the United States. Already, central banks in Switzerland, Sweden, and Denmark have implemented the strategy. And the European Central...