by ThirtyLastCalls I turned 26 in the fall of 2017. I applied for coverage, selected a plan, and uploaded my 1099 within 60 days of my birthday. I paid $71 on January 15 for coverage beginning on February 1st. When I logged in to make a payment in Feb, I didn’t have the information I … Read more
by workerdaemon Here is how I’m prioritizing the distribution of our household income: Max 401k (has 50% employer matching) Max IRA Save 1 month’s worth of bills (I have enough access to credit to handle worse scenarios) Pay down 10.75% loan Pay down 2.88% loan It seems like with the 50% employer matching, it makes … Read more
by AlexPitti The yield curve is flattening as the difference between the 10 year treasury and 2 year yield is 44 basis points. That’s not enough to worry about a recession now, but some analysts are extrapolating continued flattening to predict a recession is coming in 1-2 years. The Fed is flattening the curve by raising … Read more
by throw_me_in_garbage I’m in significant credit card debt for various reasons. Most of it was unavoidable home repairs and renovations to prepare to sell my house (it was a heavy fixer-upper and my family needed a place to live) but some was spent helping family who lost their jobs/faced health crises, and a chunk of … Read more
Image by Flickr/ILRI From CNBC: The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one. During a Reddit “Ask Me Anything” last week, when Gates … Read more
by Doug Kass * Adding to my large SPY short * Downside risk grows relative to upside reward I have been shorting (on a scale higher) SPDR S&P 500 ETF (SPY) most of the day — adding to an already large short position. There are a number of factors contributing to this move: * Narrow market leadership. (We are … Read more
by visualcapitalist In the original whitepaper, Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer version of electronic cash that would facilitate transactions without the oversight on a trustworthy, centralized party. Since then, cryptocurrency has surged in popularity as an asset class – and Bitcoin is now just one of many digital currencies out there. Investment has poured … Read more
Another dump was made in Bitcoin, this time it was 50 million worth of digital currency, this drop came one day after the third largest bicoin wallet unloaded 50 million. Trump opposes the TPP, looked at it and it will not fit into the new trade system that he is creating. IMF sounds the alarm … Read more
by Marshall Swing of The Church of Acts Been busy the last few days and just taking a few moments to update folks on what is going on in silver and gold. And still hoping I get some time in the next few days to write that article giving more insight into position reversal indicators that I use … Read more
by Martin Armstrong While the majority keep bashing the Federal Reserve, other central banks seem to escape any criticism. The European Central Bank under Mario Draghi has engaged in what history will call the Great Monetary Experiment of the 21st Century – the daring experiment of negative interest rates. A look behind the scenes reveals that … Read more
by DCG Assemblyman Jim Cooper From Sacramento Bee: Following the February school massacre in Parkland, Fla., California legislators responded as they often do after a mass shooting, with proposals to further tighten the state’s strict gun control laws. But the killings – and a national protest movement that they inspired – have also raised questions across the country about how best to … Read more
by jessefelder Since putting in a major bottom in 2009, the U.S. equity market has dramatically outperformed the rest of the world. This may have something to do with the fact that the Fed explicitly encouraged greater risk taking on the part of investors by buying up trillions of dollars of risk-free instruments over that span. … Read more
The corporate media is pushing fake Cohen/Trump Russian collusion stories, Mueller pushes the corporate media to stop the fake news. Certain government employees are pushing for a criminal investigation against Comey, Lynch, McCabe and Rosenstein. Trump reports Pompeo met with Kim Jong Un. Russia says it has received word that there will be no new … Read more
Image by iStock/DNY59 From Jim Rickards, Editor, The Daily Reckoning: All financial crises are the same and different at the same time. They are the same when it comes to the dynamics of contagion, illiquidity, bank failures and the high-panic state in which everyone in the world wants his money back at the same time. Yet … Read more
By Charles Sizemore Tax season was a little more painful than usual this year. I sold some stock positions that I’d held for years and that had accumulated large capital gains. So, when I filed my tax return, I had to write a very large check I didn’t want to write. I know I shouldn’t … Read more
By Irina Slav The International Monetary Fund dampened optimism about oil prices by forecasting the average for Brent at a little over US$58.24 a barrel next year, down from this year’s projected US$62.31. And things only get worse from there, with the IMF expects oil prices to drop to US$53.6 a barrel by 2023 as global … Read more
We have been receiving your donations, and we want to sincerely thank you. These generous donations will help us pay for our new system. As we told you, it has been more expensive to upgrade than we thought. I hope you guys are pleased with the upgrade. IWB is faster and better than it has … Read more
It is well known in Sweden that the current ambition is to reach and maintain 2% inflation. It seems any other goal is secondary. The Swedish krona just hit its lowest level since the aftermath of the financial crisis in 2009. Ultra-easy monetary policy with a negative policy rate is dragging down the currency. … Read more
“Jeff Bezos released Amazon’s annual Letter to Shareholders on April 18th. Most notably, Amazon disclosed for the first time ever that it has 100M paid Prime members globally. Color us impressed. Some other great tidbits below: Prime Free One Day delivery now in more than 8,000 cities and towns. Prime Now available in more than … Read more
There was a time wherein these kind of conditions would have instantly become subject to strict public oversight and legislative intervention. However, in a modern age designed to legislate for the benefit of private faction, rather than individual citizens, it is no surprise that these practices have become more common place. To me, this is … Read more