Bloodletting after record IPO Hype in 2018 of Chinese companies in the US. There are about 300 Chinese companies that are traded in the US, either on exchanges or over the counter, either as American Depositary Receipts (ADRs) or as shares. And they’re just about all getting crushed, crushed, crushed. Even Alibaba, the biggie –… Read More
This post The Wisest Investment You Might Ever Make appeared first on Daily Reckoning. Retirement planning generally focuses on working from your 20s and retiring in your 60s or later. That gives you 40-odd years to squirrel away 10% to 15% of your annual income to accumulate a sufficient nest egg to last the rest… Read More
This post Turning 66? Here’s How You Can Boost Your Income… appeared first on Daily Reckoning. For couples to receive the largest monthly Social Security check possible, experts generally recommend that the higher wage earner holds off until age 70 to begin collecting retirement benefits. But often people cannot afford that delay if they retire… Read More
One customer at a time. But I doubt there are other options. Here is another example. I swim in the San Francisco Bay and need something to keep my goggles from fogging up. Once you figure out what gets you through your open-water swim without your goggles fogging up, you stick to it. Some people… Read More
The food-exporting superpowers are easy to identify. As my esteemed colleague Michael Snyder chronicled in a recent Zero Hedge post, world agricultural production is under assault from extreme weather and diseases such as African swine fever. Floods & Drought Devastate Crops All Over The Planet; Is A Global Food Crisis Be Coming? Everyone understands extreme weather is a danger… Read More
This post Paying Too Much in Car Insurance? 7 Expert Tips to Help You Save appeared first on Daily Reckoning. I recently paid my family’s full annual car insurance premium up front. It was painful to see it all go at once but worth it knowing I would have paid more if I stretched out… Read More
If China wants superpower status, it will have to issue its currency in size and let the global FX market discover its price. Quick history quiz: in all of recorded history, how many superpowers pegged their currency to the currency of a rival superpower? Put another way: how many superpowers have made their own currency dependent… Read More
This post Have You Heard These 10 Must-Know Terms? appeared first on Daily Reckoning. According to a recent Empower Retirement survey, 66% of respondents said they don’t understand what “rebalancing investments” means. A similar percentage, 69%, said they don’t know what “asset allocation” means. And the survey found that millennials in particular find financial terms… Read More
This post Thinking About Retiring? Here’s How Much You’ll Really Need… appeared first on Daily Reckoning. One million dollars has long been the benchmark for how much retirees need to have saved for a comfortable retirement. However, it appears a cool million doesn’t go too far these days. A new report by GoBankingRates, looked at… Read More
What cannot be replaced by corporate chains is neighborhood character and variety. There is much more to this article than first meets the eye: In a Tokyo neighborhood’s last sushi restaurant, a sense of loss “Eiraku is the last surviving sushi bar in this cluttered neighborhood of steep cobblestoned hills and cherry trees unseen on most… Read More
This post Brace Yourselves: A Crash Is Coming appeared first on Daily Reckoning. I know we are in the midst of a joyous time of year, but that doesn’t mean the world has stopped turning. And the start of 2019 brings us to a critical moment. We’re on the brink of the third wave crash.… Read More
This post There Are 5 Levels of Investing… Here’s How You Reach the Top One appeared first on Daily Reckoning. I recently read an article on “Retirement Success: focus on the paycheck, not the savings number.” I was intrigued. I didn’t know exactly what it meant, so I read it. The article features an actuary… Read More
This post There Are Two Kinds of Money Problems… appeared first on Daily Reckoning. Most retirement research points to an impending crisis for about half of Americans who save too little at the advice of their financial planner. Because people worry about outlasting their savings, most adjust by living humbly – often too humbly. If… Read More
This post Become Debt-Free in 4 Easy Steps appeared first on Daily Reckoning. When you receive a paycheck, who do you pay first? If you’re like most Americans, you’re probably paying everyone else first—your rent/mortgage, groceries, utilities, car payment, insurance, etc. Once you’re done paying all those bills, you stick whatever you have left (if… Read More
This post Matt Badiali’s Freedom Checks Exposed! appeared first on Daily Reckoning. Investment expert Matt Badiali recently released a viral video called “Freedom Checks” that has many scratching their heads, wondering what these investments are exactly. In the video, now viewed by millions of Americans, Matt says these “freedom checks” are not a government program… Read More
This post The Great Bitcoin Crash of 2018 appeared first on Daily Reckoning. A bitcoin “flash crash” briefly rattled cryptocurrency traders last night. Bitcoin lost more than $3,500 before quickly recovering. As of early this morning, the digital currency is back above $17,000. Speculators may have gobbled up this brief bitcoin dip. But it isn’t… Read More
Authored by Andy Xie via The South China Morning Post,
Central banks continue to focus on consumption inflation, not asset inflation, in their decisions. Their attitude has supported one bubble after another. These bubbles have led to rising inequality and made mass consumer inflation less likely.
Since the 2008 financial crisis, asset inflation has fully recovered, and then some. The US household net worth is 34 per cent above the peak in 2007, versus 30 per cent for nominal GDP. China’s property value may have surpassed the total in the rest of the world combined. The world is stuck in a vicious cycle of asset bubbles, low consumer inflation, stagnant productivity and low wage growth.
The US Federal Reserve has indicated that it will begin to unwind its QE (quantitative easing) assets this month and raise the interest rate by another 25 basis points to 1.5 per cent. China has been clipping the debt wings of grey rhinos and pouring cold water on property speculation. They are..