Investors are understandably worried! Quality bonds and Certificates of Deposit are paying almost negative interest rates. Bonds defaults are rising. The stock market and economy are shaky. The Fed is printing money faster than the world has ever seen. We have Great Depression levels of unemployment. What else could possibly go wrong? Pundit Bill Bonner predicts: “Stocks will rise…and then […]
» Read moreIn our recent article, “What The Heck Is Going On?”, our guru friend Chuck Butler remarked: “There’s no harm in holding cash, as long as your bank isn’t charging you to do so, which is probably coming down the road, so be prepared!” Chuck’s remark did not go unnoticed. Subscriber Rikk M. asked, “IF we go “negative” what is your […]
» Read moreI recently interviewed Chuck Butler; what is going on and what can regular working-class people do to protect themselves financially? Mainstream Americans work hard to provide for their family and save money so they are not a burden on their family in their old age. It’s crime when government policies, using the excuse of a crisis, can destroy the wealth […]
» Read moreI’m red in the face, eye-popping, blood pressure peaking mad! Our country is in a heck of a mess, for the wrong damn reasons! Sadly, some reporters smirked while reporting the Dow capped off the worst first quarter on record, the updated Coronavirus death toll, projections for thousands more and record unemployment claims. The politicization of a health crisis is […]
» Read moreI was sitting in the exam room and the doctor walked in. Knowing I write this blog, he said, “Finally someone I can talk to. What the heck is going on?” With our current economic situation, the market tanking and the Coronavirus monopolizing the amped up media, a lot of concerned subscribers are asking that question. When you combine financial […]
» Read moreMy young son Drew and I spotted a cool convertible pulling in the parking lot. He said, “Dad that car is really baaad!”. I said I thought it was pretty neat. He then explained how I was no longer hip, now “baaad” means good. For the last 50 years, when someone says something is bad, I have to stop and […]
» Read moreI discovered a MarketWatch article by Catey Hill, I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?. The question was asked by (S.D.) a 53-year old (single-mature) woman asking, “Do I have enough to retire and live the life I’m dreaming of?” I began daydreaming as she […]
» Read moreFed Chairman Jerome Powell’s Strategic Plan 2020-23 tells us: “The Federal Reserve Board’s highest priority is to promote a strong economy for the American people by fostering the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems. “The most terrifying words in the English language are: I’m from the government and I’m here to help.” – Ronald […]
» Read moreLast summer I went to my local Verizon store and “upgraded” to a new cell phone. I was encouraged to spend the extra money to be able to receive a 5G signal, touted as revolutionary technology. I sure didn’t want to miss out! We’re bombarded with commercials from various carriers touting their terrific 5G coverage. Verizon had a Super Bowl […]
» Read moreEnergy stocks are not keeping up with the S&P 500. What’s going on? MarketWatch provides a 10-year chart for XLE, an Exchange Traded Fund (ETF) specializing in the energy sector. Over ten years the price dropped from $57.52 to $54.16. Macrotrends shows us the S&P has almost tripled during that same time: What happened to the energy sector? With the […]
» Read more