The Fed is meeting as I write this and the anticipation is that they will reduce rates between .25 and .5%. Our President is pushing for a 1% rate decrease in the “greatest economy of all time”. My take is that the Fed realizes that without a lot more “free money” and asset purchases the sto…Read More
It is amazing that many people can watch the same mindless conversations day after day on the financial game shows and America’s propaganda networks. Day after day it is the same stuff. Borders, Trump tweets, trade wars, illegal immigration, markets bouncing around all over the place and “expert…Read More
Last week in the July 11th. update I started to talk about crypto currencies but I wanted to have a bit more of a discussion on why I believe that the blockchain is here to stay but the current offerings like bitcoin and Ethereum, etc. are likely to be worthless at some point in the near future. The…Read More
The latest in a growing chorus of major banks issuing warnings about the likelihood of a substantial stock market correction is Morgan Stanley. In a piece authored by Andrew Sheets, chief cross-asset strategist at Morgan Stanley, he affirms that: “The time has come to put our money where our mouth…Read More
Last weekend I was listening to a history of the 1929 market crash and ensuing great depression. As I was listening I heard many things I have heard before but was still surprised how the attitudes and actions at that time parallel what we are actually seeing and doing today. Many people, it seems, …Read More
I have had many people ask me if the recent upward action in the gold market is for real this time. My inclination is that it is indeed “real” this time. I have been hearing for years that gold would have to get past the Magineaux line of $1350.00 per ounce and indeed close above $1385.00 to bre…Read More
While it has been a chore trying to find anything to write about other than the absurdity of the interventions of central banks today has provided some material which may be important going forward. For starters, it appears to me that we are near a major inflection point. In watching a video with Ch…Read More
How many people out there are more than a little surprised at the amount of severe weather we have been seeing locally, nationally and globally? I have been noticing that there is strange weather all over the globe. There are stories of 700 earthquakes in the Fontana area of California in the past…Read More
Employees of all ages tend to treat 401(k) plans like gold, as if they are the only retirement planning tool necessary for a successful retirement, especially when their employer offers to match their contributions. Other strategies include an IRA, a Roth IRA, opening a health savings account, getti…Read More
Many times I have written that if you say something enough- whether it be true or not- many consider it to be a fact. Just today I had a client in and he, along with many others, made the comment that “the market is doing great”. Keep in mind that the mainstream media and the financial game show…Read More