by chartr At some point this year the youngest member of the Millennial generation (born in 1996 per most definitions) will celebrate their 25th birthday. According to data from the US Federal Reserve, Millennials currrently own about 5% of all …
If you want to be successful, you need to find ways to diversify your income. You can no longer rely on one job as there are job cuts and every job is threatened one way or another. There are different …
So who is shipping their wealth out of the UK before their assets are seized? They did a rolling road block along the motorway to allow it through! 3 armoured bullion trucks, 4 unmarked police cruisers, 6 marked cars and …
Fantasy: The Fed constantly reminds us they are not responsible for the growing wealth divide. Reality: The growing divergence begins when Fed's aggressiveness pushed rates into a 20-year negative real yield era. pic.twitter.com/H7wh2z6pUg — Michael Lebowitz, CFA (@michaellebowitz) April 1, …
by Charles Hugh-Smith Buyers know there will always be a greater fool willing to pay more for an over-valued asset because the Fed has promised us it will always be the greater fool. I realize nobody wants to hear that …
His commercial real estate holdings have taken a hit Trump Organization took D.C. hotel off the market in 2019 $80 million drop at 1290 Avenue of the Americas building Earnings at Mar-a-Lago, where Trump lives, are up The pandemic has slammed …
From Birch Gold Group There have been numerous signs that the U.S. is likely to go through another major recession at some point. And regardless of when or if a recession happens, it won’t change the fact that the U.S. economy is already …
As of the end of 2018, net worth as a share of the U.S. total had shrunk considerably for the upper middle class. In one generation, U.S. wealth held by households from 50th to the 90th percentiles fell from 35.2 …
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place if Congress does not agree to his spending plan, White …
via abc.net.au: If you felt a bit poorer at the end of last year, you’re not alone — Australian households dropped a lazy quarter of a trillion dollars in wealth in the three months leading up to New Year’s Day. According …
via usatoday: Who would object to the government shifting money from the wealthy to the less fortunate? Except that’s not what happens: Few funds really go to them What is the government’s primary function? If you look at the debates …
Rich Dad Radio Show, Released on 3/27/19 Public pensions are often compared to the real estate bubble and student loan crisis. Robert talks to Ted Siedle, a pension investigator, who reveals systemic risks in many public pensions ranging from incompetence …
by Ian Shilling Neoliberalism is Corporatism. Neoliberal Globalism is Corporatism on a Global Scale. Corporatism is the Merger of Corporate and State Power, and the transfer of all wealth and power upwards towards the Corporate Oligarch elites. It is a …
So how do we stop the 1%, .01% and the .00025 with a tool that is actually effective? Obviously the ‘Occupy Movement’ was a failure for many reasons with the most glaring being it was hijacked by the wealthy. Turning …
Originally posted at ExecSpec.net Corporate balance sheets are in excellent shape, but equally impressive is the net worth of the American household that grows virtually every single quarter year over year. During rare periods when it doesn’t expand, it typically coincides …
By Irina Slav Norway’s sovereign wealth fund will exit all investments in oil and gas production acting on a government recommendation in line with a more cautious approach to energy investments by the world’s largest sovereign wealth fund worth about US$1 trillion. …
by Charles Hugh-Smith The Fed is the mortal enemy of the young generations, and thus of the nation itself. “The wealth effect” generated by rising stock and housing prices has long been a core goal of the Federal Reserve and …
by Jesse Colombo As seen on Forbes by RealInvestmentAdvice.com’s Jesse Colombo: “America’s Wealth Inequality Is At Roaring Twenties Levels.” With the 2020 presidential race kicking off and the election of a new crop of radical politicians, U.S. economic inequality and …
Source: Pexels.com Pixabay free for personal and commercial use Money. It makes the world go around. We all want it. We all need it. It is a medium of exchange and a store of value, and provided inflation doesn’t completely …
Via Marketwatch A study puts wealth inequality in a historical perspective It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much …
Wealth concentration near ‘levels last seen during the Roaring Twenties,’ study finds The shift is eroding security from families in the lower and middle classes, who rely on their small stores to finance retirement and to smooth over shocks like …
by WARREN MOSLER The ‘labor market’ is not a ‘fair game’ as people need to work to eat, and business only needs to hire if it likes the return prospects, so real wages should be expected to remain depressed without …
by Graham Summers of Gains, Pains, & Capital If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start. Europe has already imposed cash grabs via Negative Interest Rate Policy (NIRP). That’s …
by Simon Black There are over 21 months to go until the 2020 US presidential election. And every day more and more socialist candidates throw their hat in the ring. They all want to be the one to take down Donald …
by Michael Snyder Elizabeth Warren is making it exceedingly clear that she is a socialist, and that is quite frightening considering the fact that she could potentially become our next president. Unless some really big name unexpectedly enters the race, there is …
by NineteenEighty9 Global wealth report 2018 During the twelve months to mid-2018, aggregate global wealth rose by $14.0 trillion (4.6%) to a combined total of $317 trillion, outpacing population growth. Wealth per adult grew by 3.2%, raising global mean …
via visualcapitalist: In recent decades, extreme world poverty has declined significantly and many millions of people have joined the swelling ranks of the middle class – particularly in China. While these economic shifts are positive, it’s the other end of the global wealth …
by howmuch Comparing wealth inequality numbers across several countries can be very tricky. Countries have different methodologies for calculating wealth. The cost of living varies dramatically within and between countries, plus there are all sorts of gaps in any dataset …
by John Ward Throughout all the shenanigans surrounding our Brexit negotiations with Brussels, the bizarre axis of Corbynista-Blairite-Tory Remainers has never once been willing to confront the reality of the EU as an élite globalist club wherein the power lies with the …
