Free Republic

Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump. “That is where I see the vulnerabilities,” Gundlach said in a telephone interview on Monday. Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”

New York's famous Plaza Hotel is set to go on sale in an auction next month and experts believe that the five-star hotel could sell for more than $1billion. Billionaire brothers David and Simon Reuben hold the mortgage for the storied five-star hotel and scheduled a foreclosure auction for April 26. The auction was prompted after the hotel's 75 per cent owner Sahara India Pariwar — whose chairman went to prison in 2014 for defrauding investors — defaulted on loan agreements... < snip > Foreign investors are pouring capital into New York hotels at a historic rate. Much of the...

Coal industry lobbyists and politicians have been urging the Obama administration to ease up on its regulatory agenda and craft carbon dioxide emission rules that would allow the coal industry to survive. All the while, reports indicate that hundreds of coal plants are slated to be shut down in the coming years. The unveiling of President Obama’s plan to cut carbon dioxide emissions from coal-fired power plants earlier this summer stoked the fears of coal supporters who have already been hit hard by stricter environmental regulations. However, the industry is not going down without a fight. Coal lobbyists met with...