Food Diversity’s Enormous Impact on Your Health

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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

5 Ways to Make Money with Your Body (Legally)

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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

There are Billions to Be Claimed… Is Any of It Yours?

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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

10 Common-Sense Amendments to the U.S. Constitution

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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

The US Housing Market Begins to Feel the Pain

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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

Three Cheers for the “Do Nothing” President

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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

12 Steps You Can Take if You Lose Your Job

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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

6 Must-Have Apps for Managing Debt

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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

[JUST IN] “FOMO” to Push Stocks Higher

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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

Brace Yourselves: A Crash Is Coming

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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

There Are Two Kinds of Money Problems…

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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

Become Debt-Free in 4 Easy Steps

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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

Matt Badiali’s Freedom Checks Exposed!

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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

The Great Bitcoin Crash of 2018

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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

Andy Xie Warns “The Bubble Economy Is Set To Burst” As Political Tension Soars

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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..