Jim Willie: Bank Index Signals Bank Failures

by Jim Willie CB A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total lie, since the recession … Read more

401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000

by IAM_14U2NV 401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83. ​ Highlights of … Read more

Only 28% Of Americans Are “Financially Healthy” During The Largest Wealth Bubble

by Jesse Colombo MarketWatch published a piece today called “Here is the ‘true state’ of Americans’ financial lives,” which stated that 42% of Americans have no retirement savings at all and that only 28% of Americans are considered “financially healthy”: The finances of Americans may not be as good as they look from the outside. Despite … Read more

The best thing Trump has done for the economy

From MarketWatch: President Donald Trump, you may have noticed, likes to take credit. For economic growth. For defeating Isis. For steel mills opening up, for winning a World Cup bid, for boosting NFL revenue in Canada. But there’s one thing he’s basically silent about, and it’s had a big impact, and it wouldn’t have happened without … Read more

Even Warren Buffett is fed up with these guys. . .

by Simon Black It wasn’t that long ago that IBM was easily the most dominant tech company in the world… the king of its industry. Back in the 1980s nearly every large company, government, and institution used IBM’s products and services. It was the ultimate. Yet over the last 30 or so years, IBM went on to … Read more

Nomi Prins: Expect The Fed To Pause Hiking Rates If Market Volatility Continues

by Nomi Prins via Daily Reckoning It’s a good thing October is coming to an end. It’s been a particularly lousy month for the markets. October has seen about $5 trillion in value erased from global markets. Reasons for that sell-off range from fear over Fed rate hikes, trade wars, elections and buyback “blackout” periods during earnings. Buyback … Read more