Company Ignored Risks for Years⦠[The Daily FWD] August 18, 2023 [UNSUBSCRIBE]( Maui Didnât HAVE to Burn Hi Reader, Happy Friday! Every week, our experts all get together to exchange ideas. Let’s get into what they were looking at… [Click here to learn more]( Jim Rickards: Hawaiian Electric Focused Obsessively on Renewable Energy⦠and Not on Wildfire Safety Hawaiian Electric knew about the threat of wildfires but waited for years to act. They focused energy on renewables — only investing $245,000 on wildfire safety. The company said it would investigate any role its infrastructure may have played in the Maui wildfires and would cooperate with a separate probe. [⇒ Read More Here]( [Click here to learn more]( [External Advertisment] Recommended Reads: ["I only trade ONE stock & I NEVER worry about..."]( The name of the ONE stock (ticker symbol and all) that has helped over 170,000 people discover how to gain their financial freedom... [⇒ See More Here]( [Click here to learn more]( Byron King: Chinaâs Housing Slump Much Worse Than They Let on Judging by China’s official statistics, the nation’s housing market has been remarkably resilient in the face of tepid economic growth and record defaults by developers. New home prices have slipped just 2.4% from a high in August 2021, government figures show, while those for existing homes have dropped 6%. But the picture emerging from property agents and private data providers is far more dire. [⇒ Read More Here]( [Click here to learn more]( Alan Knuckman: Michael Burry, of âBig Shortâ fame, Just Bet $1.6 billion on a Crash Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash. Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry’s fund, Scion Asset Management, bought $866 million in put options (that’s the right to sell an asset at a particular price) against a fund that tracks the S&P 500 and $739 million in put options against a fund that tracks the Nasdaq 100. Burry is using more than 90% of his portfolio to bet on a market downturn, according to the filings. [⇒ Read More Here]( That’s all for today. We’ll be back on Monday with more of our top articles. Enjoy your weekend! Looking forward to your financial future, [The Daily FWD] The Daily FWD
[feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [White House insider exposes epic Biden mistake]( [Click here to learn more]( Thanks to the incompetence of President Joe Biden… [And the HUGE mistake he made on February 24, 2022]( And an unthinkable event has now happened… Bringing in hyperinflation like we’ve never seen… Crushing the value of the money in your savings and retirement accounts… Tanking our economy… And changing our country’s global standing forever. But there’s still time to protect your money. But you can’t wait. [>>See Biden’s terrible mistake here<<]( [Paradigm]( ☰ ⊗
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