This post The 3 Assets You Already Own appeared first on Daily Reckoning. Kim and I are all about simplifying. We like making finances simple, which is why we’ve written several books and created multiple courses to help people understand the basics of the language of money. And we support others who carry out the… Read More
Debt out the wazoo, but someone is still buying it. The US gross national debt has ballooned by $1.33 trillion over the past 12 months to $21.8 trillion as of December 14, according to Treasury Department data. Over the past six months alone, this debt has ballooned by $740 billion, despite a strong economy: Fueled… Read More
This post 8 Key Factors to be a Great Investor appeared first on Daily Reckoning. Rich dad used to say, “When it comes to money, many people are financial hypochondriacs.” Their thinking comes from the lower mind which blurs their vision of the future. These are the people who often drive their car by looking… Read More
Capital garners the gains, and labor’s share continues eroding. That’s the story of the 21st century. The middle class, virtually by definition, is not prepared for downward mobility. A systemic, semi-permanent decline in the standard of living isn’t part of the implicit social contract that’s been internalized by the middle class virtually everywhere:living standards are only… Read More
This post The Power of Good Debt appeared first on Daily Reckoning. There are financial gurus out there that teach the best way to retire rich is to pay off debt. Their lessons usually suggest that debt is bad or even evil. They preach that it is smart to pay off your debt and to… Read More
This post Beat a Legendary Hedge Fund Manager at His Own Game! appeared first on Daily Reckoning. No cord, no problem. At the end of August, I noted that the stock market had served us up an opportunity to purchase shares of giant cable and broadband provider Charter Communications (CHTR) at a very attractive price.… 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
The price of cheap dollar-debt. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse. In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to a $50-billion bailout package in June, to be disbursed in increments. In addition,… Read More
This post America’s “Actual” GDP: The Shocking Truth appeared first on Daily Reckoning. Saturday last we offended the pieties. We reckoned that democracies — being shortsighted — tend toward vast accumulations of debt. In response, reader Tom B. dealt with us as follows: The committed ignorance of pseudointellectual arrogance and their refusal to take an… 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
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop. http://ads.investingchannel.com/adtags/OfTwoMinds/alternativeinvesting/300×250.js I’ve long held that if a problem can be solved by creating $1 trillion out of… 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..