Month: May 2018

The Fed is hiking rates excessively into an economy where consumer spending growth was only 1.1% in Q1. This probably won’t end well.

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via UPFINA: The economy is seeing a modest pickup in inflation even as GDP growth slowed to 2.3% in Q1 of 2018. That puts the Fed in a difficult position as it balances the dual mandate of having stables prices and maximum employment. One of the latest critiques of the Fed is that by raising … Read more

Many Americans Still Lack Retirement Savings

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via St. Louis Fed: As baby boomers age, significant debate has emerged about whether there is a retirement crisis developing in the United States. Some argue that the retirement situation is poor for many Americans, with many approaching retirement age with little or no savings. However, others describe the situation as better than commonly thought, … Read more

INFLATION DISGUISED DEPRESSION

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Ground beef represent many industries in America 2017 – median income $59,055 2007 – median income $50,223 The 2017 income buys 15,917 lbs of ground beef The 2007 income bought 22,932 lbs of ground beef ~9k more buys you 7,000 lbs less https://twitter.com/OccupyWisdom/status/992860024144912384 Avg home sale in the US 2007 ~$240k Avg home sale in … Read more

Seriously, get and use a credit card

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by idealdreams I’ve encountered many people, both in my personal life and online, that insist upon using a debit card for their purchases, instead of using a credit card — either because they don’t yet have one, or because they have some fear of using a credit card. There are literally no cons to using … Read more

Wells Fargo Investigated (Again) – This Time by U.S. Labor Department

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From Birch Gold Group It might be time to start evaluating whether major banks are the right place to keep your money. Why, you might ask? Another big bank, Wells Fargo, is getting investigated… again. And this bank is no stranger to unethical practices… A 2016 “fake accounts scandals” and payment of a $1 billion fine for auto and mortgage … Read more

How Tech is Changing the Modern Credit Landscape

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by visualcapitalist From the beginnings of General Motors Acceptance Corporation to the introduction of the Diner’s Club charge card, the history of credit has been filled with game-changing innovations. Today, new innovations in tech are continuing to shape the consumer credit industry – and with U.S. consumer debt sitting at $13 trillion, these changes could play a role … Read more

The World Has Accumulated $215 Trillion Of Private Wealth – But Who Holds It All? About 73.5% – Is Held By Just 10 Countries

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by visualcapitalist The 10 Wealthiest Countries The Chart of the Week is a weekly Visual Capitalist feature on Fridays. According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 … Read more

Transports-Vulnerable to large decline

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by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at the Dow Jones Transportation Index over the past 25-years on a monthly basis. The trend for Transports is up and nothing of late has changed the long-term trend. Transports are testing 3-year rising support at (1) with momentum at levels heights only seen three other times … Read more