Jewelry Giant Sells $250 Million in Debt; Is It a Good Strategy? Warren Buffett must be in a romantic mood ahead of Valentine's Day. Mr. Buffett's Berkshire Hathaway bought $250 million of debt from jewelry giant buy tiffany . The debt sports a yield of 10%, according to Tiffany's Securities and Exchange Commission filing. New York-based Tiffany said it will use the proceeds to refinance existing debt and for general corporate purposes. The investment is the latest in a

Consumer Credit Has Fallen Off A Cliff by Bill Bonner Consumer credit has fallen off a cliff. Interesting, huh? What does that mean exactly? It means Americans aren’t borrowing…and they aren’t buying either. This weekend, The New York Times noticed: “Americans stop buying; trade deficit declines” begins the headline. This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years closer to

Here's a chart sent to us by colleague Justice Litle: Interesting huh? Consumer credit has fallen off a cliff. What does that mean exactly? It means Americans aren't borrowing...and they aren't buying either. This weekend, The New York Times noticed: Americans stop buying; trade deficit declines begins the headline. This is the story we've been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years clo

Here’s a chart sent to us by colleague Justice Litle: Interesting huh? Consumer credit has fallen off a cliff. What does that mean exactly? It means Americans aren’t borrowing…and they aren’t buying either. This weekend, The New York Times noticed: “Americans stop buying; trade deficit declines” begins the headline. This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years close

Here’s a chart sent to us by colleague Justice Litle: Interesting huh? Consumer credit has fallen off a cliff. What does that mean exactly? It means Americans aren’t borrowing…and they aren’t buying either. This weekend, The New York Times noticed: “Americans stop buying; trade deficit declines” begins the headline. This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years close