Charlie Munger Once Told Ex-Trump Advisor Ray Washburne Where The American Economy Was...

Charlie Munger's decade-old prediction that U.S. retail would split into luxury and discount — leaving the middle to collapse — has played out exactly as he told Ray Washburne, with high-end centers and value giants thriving while mid-market brands fade.

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Charlie Munger Once Told Ex-Trump Advisor Ray Washburne Where The American Economy Was Headed: Here Is What The Berkshire Hathaway Legend Predicted Charlie Munger's decade-old prediction that U.S. retail would split into luxury and discount — leaving the middle to collapse — has played out exactly as he told Ray Washburne, with high-end centers and value giants thriving while mid-market brands fade. Continue reading ➔ Director convicted of scamming $11M from Netflix and going on lavish spending spree NEW YORK (AP) — A Hollywood director was convicted Thursday on charges that he scammed Netflix out of $11 million for a show that never materialized, while he instead used the cash for lavish purchases that included several Rolls-Royces, a Ferrari and about $1 million in mattresses and luxury bedding. 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It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the January 1st funding window closes. Continue reading ➔ Trump 'Very Seriously' Considering Australian Retirement Savings System For US Working People: 'It's A Good Plan' President Donald Trump has revealed that his administration is actively exploring the possibility of implementing a retirement savings system similar to Australia's in the United States. Continue reading ➔ 4 Generous Stocks Set to Beat the Market Investors miss out on simple truth of combining high dividend and free cash flow stocks, with 6% annual excess return. Cash flow doesn't lie. Continue reading ➔ What to know about missing Malaysian Airlines Flight MH370 as search resumes KUALA LUMPUR, Malaysia (AP) — More than a decade ago, Malaysia Airlines Flight MH370 vanished without a trace, sparking one of aviation’s most baffling mysteries. 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