What is left unsaid by many articles on these healthy oldsters is the variety of fiber-rich foods in their diets. This essay was initially distributed only to subscribers and patrons, but at the suggestion of some longtime subscribers, I’m sharing it with all readers. I hope it helps everyone manage our most precious wealth, our… Read More
This post 5 Ways to Make Money with Your Body (Legally) appeared first on Daily Reckoning. Could you use some extra cash? Donating body materials can be akin to a part-time job. And the pay is often better than driving for a ridesharing company or working as a retail clerk. We’ll start with the easiest… Read More
This post There are Billions to Be Claimed… Is Any of It Yours? appeared first on Daily Reckoning. State governments are sitting on boatloads of unclaimed dollars. Right now Florida alone is holding $1 billion, Washington … $1.3 billion, Illinois … $2.9 billion, California … a whopping $9.3 billion, New York … a jaw dropping… Read More
These are my suggested loophole-closing amendments. Unfortunately, my recent essay Let’s Face It: The U.S. Constitution Has Failed deeply offended readers whom I had no intent to offend. One reader even decided to stop reading my work, which is extreme in the polite and cordial little world of Of Two Minds, where differences of opinion are expected and… Read More
Fact is, home prices cannot outrun wages forever. The market, if it’s allowed to, can fix the affordability problem that exists in many cities in the US by finding price levels were first-time buyers can afford to buy a home with the income they’re making. At its glacial pace, this is starting to happen in… Read More
This post Three Cheers for the “Do Nothing” President appeared first on Daily Reckoning. “Had the opposition party… won the election,” said the president Tuesday,“ the Stock Market would be down at least 10,000 points by now.” Instead, Mr. Trump exulted, “We are heading up, up, up!” And for the moment “we” certainly are. The… Read More
This post 12 Steps You Can Take if You Lose Your Job appeared first on Daily Reckoning. Losing your job is one of the most devastating life events both emotionally and financially. Open the paper or do a quick Google search online and you’ll see all the recent corporate layoffs happening in America. This month,… Read More
The cold truth is homelessness and soaring rents are the only possible outputs of central bank policies that inflate asset bubbles. It’s been a long, strange economic boom since the nadir of the Global Financial Meltdown in 2009. A 10-year long boom that saw the S&P 500 rise from 666 in early 2009 to 2,780 and… Read More
Oh dude, glad no one saw it. My fancy-schmancy Fed Hawk-o-Meter checks the minutes of the Fed meetings for signs that the Fed believes the economy is strong and that “accommodation” needs to be further removed by hiking rates, or that the economy is strong but not strong enough to raise rates further, or that… Read More
This post 6 Must-Have Apps for Managing Debt appeared first on Daily Reckoning. Remember the old days? When you’d sit down at your kitchen table with a stack of bills on one side and a checkbook on the other. Paper envelopes were opened and receipts saved as you desperately tried to organize your finances. Managing… Read More
This post [JUST IN] “FOMO” to Push Stocks Higher appeared first on Daily Reckoning. “Bill, can you explain why you’re holding so much cash?” My boss and mentor was on the hot seat. And our investors weren’t happy. They felt like they were missing out on some key opportunities and wanted Bill to do something… 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..