by Brian Maher of Daily Reckoning “From time immemorial proverbial wisdom has taught the virtues of saving,” wrote Henry Hazlitt, “and warned against the consequences of prodigality and waste.” Hazlitt authored his masterly primer on economics, Economics in One Lesson, in …
Economic Collapse News – Wells Fargo Can Liquidate Customer Accounts All About Bank Bail In’s Australia is also doomed: Few would know that very quietly on 14 February 2018, with just 7 senators present, the Financial Sector Legislation Amendment (Crisis …
by Graham Summers of Gains, Pains, & Capital The world is moving towards Socialism. This means wealth taxes and wealth grabs are coming. In Europe, populist movements are on the rise, all of them vehemently opposed to any kind of austerity. The fact …
More financial technology startups are wading into a crowded, stodgy business: checking accounts. Last spring, personal finance app Acorns and lending startup SoFi announced new debit cards. “Neobank” Chime has been offering free online checking accounts since 2014, and it …
via americanadvisorsgroup: While the definition of the word retirement means actually leaving your job, we at American Advisors Group know that word means so much more. We have firsthand experience with retirement of all types, and understand the various ways people …
by taxable_efficiency I stayed with the same insurance company for auto since 2007. I added my wife to the policy when we got married in 2013, and then added a policy for our home in 2014. I noticed that the …
via dailyreckoning: I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor. …
by BrokenFireEscape November 1, 2018 – Series I Bonds purchased in the next six months have a fixed rate of 0.50% and a composite rate of 2.83% As the Federal Reserve continues to raise federal lending rates, it is fairly safe …
by Dr. Eowyn A financially-secure retirement has three nest eggs: Pension, which is rapidly vanishing for many working Americans. Social Security: Although Social Security was never intended to be a retiree’s sole source of income, 35% of Americans over the age …
via marketwatch: You know the old adage that “a rising tide lifts all boats?” What if you don’t own a boat in the first place? That rising tide won’t do much for you, will it? And so it is with this …
by Simon Black Let me say up front– I know I’ve been a bit quiet lately. It happens every year around this time when I hold the annual Liberty and Entrepreneurship Camp that I’ve been sponsoring for the past nine years. …
via brat.house.gov: H.R. 937 – The Universal Savings Account Act Introduced by Rep. Dave Brat (R-VA) Endorsed by the Association of Mature American Citizens, Americans for Tax Reform, National Association of Insurance and Financial Advisors, and the National Taxpayers Union The Universal Savings Account …
by IlCaneEUnaMucca This is a trap a lot of people fall into (myself included): just because it’s a “good deal” doesn’t mean you “saved” money by buying it, it’s still money that you spent! This might be obvious to most people …
One is imaginary, makes people “feel” #wealthy, encourages #debt, and comes crashing to reality when bubbles burst. One is real, makes people actually wealthy, encourages investment and spikes when bubbles burst https://twitter.com/OccupyWisdom/status/1018915633835249665
I honestly think this percentage is way too low considering that there have been multiple studies that show that more than half of Americans couldn’t even come up with $400-$1000 in the case of an emergency. If that’s the case …
As each progressively larger bubble (post 1995) inflates the imaginary net worth of households, real savings plummet. These metrics diverge the most right before the bubble bursting & resulting #recession ensues https://twitter.com/OccupyWisdom/status/1007699655948492801 do not look at this pic.twitter.com/pPo008WDOt — Alastair …
by Martin Armstrong The latest in Civil Asset Forfeiture has once again demonstrated how corrupt the government has become. Rustem Kazazi, who is an American citizen, was simply flying to Albania where he was from to repair a home he …
by wanmoar This is a chart of the % of disposable income put toward savings in the U.S. compared to inflation and prevailing 3 month CD rates. Personal Saving as % of Disposable Income Infogram As is clear, it was a secular …
A 64-year-old Cleveland man is suing U.S. Customs and Border Protection after agents strip-searched him at an airport in October and took more than $58,000 in cash from him without charging him with any crime, according to a federal lawsuit filed this …
Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than Make… While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month …
by Adam Taggart Now get a MUCH higher return on your cash (for less risk) TreasuryDirect.gov Six months ago, I alerted readers to the very attractive benefits that the TreasuryDirect program offers to investors who are defensively sitting on cash right now. …
Watch the latest video at video.foxbusiness.com From Fox Business: Reports of Americans feeling underprepared for retirement seem to be an understatement, according to new data. A report from Northwestern Mutual has found that one in five Americans (21%) have no retirement …
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 …
by WARREN MOSLER Seems to me this divergence has been stretched to the limit: And this chart from Daniele Della Bona shows how dipping into savings via borrowing adds to interest expense that further reduces savings when other personal income is …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Or what the averages are hiding. We will start with income and see what’s left over, and for whom. Personal income increased by 4.1% in December from a year earlier, the Bureau of Economic Analysis reported today. …
“This Is 1987”: Some “Haunting Math” On Today’s GDP Number From David Rosenberg When discussing today’s unexpectedly weak Q4 GDP print, which came in at 2.6%, far below consensus and whisper estimates in the 3%+ range, and certainly both the Atlanta …
Carlos from bitconnect shares his expert bitcoin trading advice
California, where if you win, you still lose. Remember how the GOP passed tax cuts that benefitted everyone including businesses that turned those savings into jobs and higher wages? Well, California ain’t having it. The democrats that run the state …
@StockBoardAsset Anyone notice the trend in wages & salary growth? pic.twitter.com/ZuUe79fgcs — Alastair (@StockBoardAsset) December 13, 2017 America’s Wage Hope Hammered – Real Earnings Suffer Longest Slump Since 2009 For the first time since November 2009, real average hourly earnings tumbled …
North American yield curves are narrowing further today, now with less than .5% between the 10- and 2-year Treasury yield in Canada, and less than .70% in the US. Both are now at the narrowest spread since the last market …