Sunday, October 25, 2020
Anyone remember the commercials for “Friendly Bob Adams” of Household Finance? They advertised “debt consolidation loans”. Bring all your payment booklets, pay off your debts and consolidate them into one loan with a lower monthly payment. Theoretically it took the pressure off those living from paycheck to paycheck, up to their eyeballs in debt. A […]
The stock market reached another new all-time high this week. For the first time ever, the S&P 500 traded above 3,400. Measured since the March low, this has truly been an impressive rally. The S&P 500 has vaulted over 50% in just five months. This one of the strongest bulls ever. Naturally, rallies like these […]
One of our earliest childhood lessons is how reward and punishment molds our behavior. If we are good, we get rewarded, if we are bad, we get punished – plain and simple. The Huffington Post addresses the issue: “If doing the same thing over and over and expecting a different result is a definition of insanity, expecting […]
I was sitting in the exam room and the doctor walked in. Knowing I write this blog, he said, “Finally someone I can talk to. What the heck is going on?” With our current economic situation, the market tanking and the Coronavirus monopolizing the amped up media, a lot of concerned subscribers are asking that […]
Something remarkable happened on Monday. It wasn’t the action of a politician, an election, or even a Fed official. Instead, this news came from the National Association of Home Builders. The NAHB released its monthly confidence index, and it rose five points in December to 76. So why is this noteworthy? It’s important because that’s […]
I recently wrote “Most readers have felt … for some time, … things are just not right, yet so far, nothing horrible has happened.” Ron Paul’s recent article, Is The ‘Mother of all Bubbles’ about to Pop?, reinforces those fears: “When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets […]
In 2008, I began investing in foreign currency. The Fed created trillions of dollars out of thin air, high inflation was sure to follow. With the help of friend Chuck Butler, I bought FDIC insured foreign currency Certificates of Deposit (CD) through Everbank. I also bought Exchange Traded Funds (ETF) and sent money offshore; investing […]
Both 2018 and 2019 have been characterized by periods of choppy markets and higher volatility. It’s been quite the change of pace from 2017, where it seemed like we would never experience market volatility ever again. Of course, nearly everything in the financial markets moves in cycles. Low periods of volatility will inevitably be followed […]
Although the stock market has had its share of ups and downs over the last couple of months, the price of gold has been surprisingly stable. In August, the gold futures reached $1,500 an ounce. Fast forward to mid-October, and futures are still right around that $1,500 level. Why have gold prices remained elevated despite […]
Last week, House Speaker Nancy Pelosi announced a formal impeachment inquiry into President Trump. According to The New York Times, the inquiry will look at “charging him with betraying his oath of office and the nation’s security by seeking to enlist a foreign power to tarnish a rival for his own political gain.” I won’t discuss […]
