Yet Another Retirement Risk You May Not Be Considering

BY JOHN RUBINO The most common retirement plan involves making some reasonable investment-return assumptions and then structuring your annual spending to run your nest egg down to zero at age 90 or thereabouts. Ideally, you spend your last dollar on the day you take your last breath. This works, at least in general terms, because relatively … Read more

There Is No Thin Blue Line, Cops are Not Your Friends

by Chris Black https://twitter.com/Neverschwaber/status/1480783601948102668 – Fat german cop abuses old man – 13yo girl hits the cop with the force of a baby – Fat cop chases girl but falls over his fat ankles – Other cops catch girl for fat cop – They beat 13yo girl unconscious until she involuntarily pisses herself – They … Read more

Price Inflation Is At The Highest Level Since 1982: What Will The Fed Do?

by Ryan McMaken of Mises Institute According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multi-decade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for December, year-over-year price inflation rose to 7.1 percent. It hasn’t been that high since June 1982, when … Read more

New Chase Freedom Unlimited Signup Bonus – Get Bonus 1.5x Per $1 On Up To $20,000 (3x Ultimate Rewards Everywhere)

by JC1812 Chase released a new signup bonus on their Freedom Unlimited card: Get an extra 1.5% back per dollar spent in all categories during the first year, up to $20,000 in spend ($300 bonus cashback). So the rewards are: 3% On everything 4.5% on dining/drugstores 6.5% on travel booked through the Ultimate rewards portal. … Read more

CNN: The grocery cashier ringing you up is not OK

It’s a huge stretch to point this out as a “disproportionate share”. This is one of the most equal industries in the US. “…women make up a disproportionate share of the US grocery workforce. (50.5%) For example, women, who make up 47.4% of the nation’s overall workforce, account for 50.5% of the nearly seven million … Read more

Investors are paying millions for virtual land in the metaverse

Real estate in virtual worlds — sometimes called the metaverse — is going for millions of dollars in some cases. The most expensive spots are near where lots of users congregate — for instance, someone recently paid $450,000 to be Snoop Dogg’s neighbor in a virtual world called the Sandbox. https://www.cnbc.com/2022/01/12/investors-are-paying-millions-for-virtual-land-in-the-metaverse.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard What do you make … Read more

TIKTOK Stars Make More Money Than Top CEOs…

TikTok stars are dancing their way to the bank. Some are making more than America’s top chief executives. Charli D’Amelio, who started posting videos of herself dancing on TikTok in 2019, brought in $17.5 million last year, according to Forbes, which recently ranked the highest-earning TikTok stars of 2021. With 133 million followers on TikTok, … Read more

BAIL ON BIDEN: A 26th Democrat Retires From Congress

https://www.youtube.com/watch?v=8kfRqHwI960 Mike LaChance from American Lookout reports, Another Democrat is headed for the exits ahead of the 2022 midterm elections. Rep. Ed Perlmutter of Colorado announced this week that he will not seek reelection, making him the 26th Democrat to do so. It’s turning into a virtual stampede at this point. Read More/Source/Credit/FairUse: https://americanlookout.com/rep-ed-pe…

They printed 739,914,407 USDC in 24 hours and the Bitcoin price went right back down after they stopped

by POTATO_IN_MY_LOGIC Circle printed this and this after my last post on USDC. According to the Stablecoin Printer on Twitter, the total supply went from 44,088,342,276 USDC to 44,828,256,683 USDC for a total of 739,914,407 USDC added in a period of exactly 24 hours, starting and ending at 08:15 UTC. That’s about 1/3 of the over 2 billion that they added this year so … Read more

Mortgage Rates in the U.S. Soar to the Highest Since March 2020 (3.45% Nominal Rate, -3.59% REAL Rate)

by confoundedinterest17 Mortgage rates in the U.S. rose for a third straight week, reaching the highest point in almost two years. The average for a 30-year loan was 3.45%, up from 3.22% last week and the highest since March 2020, Freddie Mac said in a statement Thursday. Rates tracked a jump in yields for 10-year Treasuries, which climbed to levels not … Read more

Anyone who believes that an entire generation can be financially obliterated with no impact to their own investments, deserves what’s coming.

Anyone who believes that an entire generation can be financially obliterated with no impact to their own investments, deserves what's coming. Notice that this index has a perfect head and shoulders top. pic.twitter.com/UIbmaNCgzj — Mac10 (@SuburbanDrone) January 13, 2022 Stock Market Normality Returns, and It Hurts, by ⁦@jmackin2⁩ https://t.co/sECw8YfWB0 — Jason Zweig (@jasonzweigwsj) January 13, … Read more