Winning at Life with Gregory Ricks

The Daily Wrap: 10.15.18


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01:08 - Sears files for Chapter 11 bankruptcy. Gregory noticed some differences on his recent trip to Sears, and it wasn't that busy. Hear a couple of clips from Milton Friedman the Phil Donahue Show around 1980 with a debate about Sears vs Kmart.

12:56 - Gregory responds to clips on economic issues from Trump's interview on 60 Minutes. Trump's practice of Truthful Hyperbole is on display, and he gives a solid defense of his use of tariffs.

19:09 - All 3 major indices closed in the red today.

24:29 - Gregory details Tesla's recent troubles dealing with their debt. The world of Corporate Bonds can be a complicated mess when you include stock conversions and other triggers.

27:20 - What happens to warranties and service from a company that goes out of business? When a company folds, often the existing warranties are no longer honored.

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34:42 - Gregory Ricks and Associates is sponsoring the WNOE Bra Country benefit concert on Thursday at the Howling Wolf with Maddie and Tae.

37:39 - How much is a McDonald's franchise these days?

40:15 - The top 3% of tax payers paid more than half of all the income taxes.

41:04 - Mattress Firm is facing bankruptcy as well, and Gregory reports on some of their business struggles.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks