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Red Flag Warning: These California Wildfires Are ‘Among The Most Destructive Fire Events In US History’ And They Are About To Get Even Worse

The wildfires that are roaring through northern California are already “among the most destructive fire events in U.S. history”, and by the time it is all said and done this could be the worst wildfire season in the history of the state.  So far, fires have scorched more than 250 square miles, and more than 3,500 homes and businesses have already been destroyed.  The official death toll has risen to 21, but that is expected to rise dramatically because over 600 missing persons reports have been filed with authorities.  The worst damage has been done in Napa and Sonoma counties, […]

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The Equifax Hack Is The Most Disastrous Data Breach In History Because Now Hackers Have The Credit Information Of 143 Million Americans

Talk about a nightmare.  It is being reported that criminals were able to hack into Equifax and make off with the credit information of 143 million Americans.  We are talking about names, Social Security numbers, dates of birth, home addresses and even driver’s license numbers.  If this data breach was an earthquake, we would be talking about a magnitude-10.0 on the identity theft scale.  We have never seen anything like this before, and to say that this will be “disastrous” for the credit industry would be a massive understatement. What really disturbed me about this story is that this hack […]

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Hurricane Harvey Has Dumped 15 Trillion Gallons Of Water On Texas And May Be The Most Expensive Natural Disaster In U.S. History

Authorities are now telling us that Hurricane Harvey may end up causing more economic damage than even Hurricane Katrina did.  We already knew that some parts of southeast Texas are going to be “uninhabitable for an extended period of time”, but the latest forecasts are calling for about 10 more inches of total rain than had previously been projected.  At this moment 15 trillion gallons of water have already been dumped on Texas, and the rain continues to fall.  You can get some idea of the devastation that has taken place in Houston by watching this drone footage.  Essentially, some […]

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One of the Most Dangerous Games Made Safe

In the coming years, we’ll see much more volatility in the market. The fact that the VIX (or volatility index) has hit its lowest levels ever this year is of course prompting concern that a bear market is lurking in the shadows. The market boom from late 1982 through late 2007 was based on real fundamentals: the spending wave of the largest generation in history; falling interest rates from rising productivity after the greatest peak in history in 1980 to 1981; the movement of internet and portable computing into mainstream markets. But since the economy collapsed in 2008, it’s been […]

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Liquidity: The Most Important Fundamental

I’m sure you’ve heard analysts, financial pundits, and other babbling heads yabber on and on about how these markets don’t reflect the “fundamentals”. They’ve ranted non-stop about how the fundamentals prove that a bear market is around the corner. They’ve raved about valuations being stretched and how stocks will collapse any day now… If you’ve been taking investment advice from these doomsdayers, then please accept my condolences for your portfolio loss. These broken clocks should heed the words of Mark Twain: Denial ain’t just a river in Egypt. No, denial is not just a river in Egypt, it’s also the […]

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Flipping the Most Common Question in Retirement Planning On Its Head

The most common question I see in retirement planning is: What size nest egg do you need to quit working? Or, what’s your retirement “number?” It sounds like a reasonable and straightforward question. The problem is, it’s completely useless. Like so many things in the financial planning business, the question takes something complex and full of nuance, and effectively dumbs it down to the point where it doesn’t mean anything. And that’s because it misses the bitter truth about retirement: you never know how much you’re going to need. Some say that to retire successfully you should multiply your final […]

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The Most Explosive Stocks of 2017 (IPI, LPG, WLL, CCJ, URRE, CENX)

Wanna buy SPY? You’re better off torching your cash instead. At least you’ll get a viral instagram video out of it. The largest 500 stocks have been uptrending for the last 8 years and have little room left to go…   Valuations are expensive. The S&P 500 has a P/E of 25.39 — official nose-bleed territory.   At these levels, we have no interest in following the herd into a market top. Our strategy has instead been to search for cheap stocks in hated sectors that can pay option-like returns. We call these “explosive stocks” because of their incredible potential. […]

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Welcome To One of The Most Pivotal Weeks In Modern American History

Many are anticipating that a wonderful new era of peace and prosperity is just a few days away, but others are using terms such as “civil unrest” and “civil war” for what they believe is about to happen in America.  Without a doubt, Donald Trump is one of the most electrifying politicians in modern American history, but he is also one of the most polarizing.  So will the next four years bring us together as a nation, or will anger, frustration, strife and discord tear us much farther apart?  It is being projected that extremely large crowds of supporters will […]

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Outlook for Precious Metals in 2017 (3 Most Important Things)

Precious metals had a wild ride in 2016, launching higher in the first half of the year and then falling much of the way back to earth in the second half. Our outlook for 2017 hinges on some of the drivers that figured prominently in last year’s trading. There are also a couple of new wrinkles. Europe We’ll start with some fundamentals that metals investors have become well acquainted with in recent years. The troubles plaguing Europe seem to be forgotten, but they certainly aren’t gone. The question is whether or not officials in Europe will be able to keep […]

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Get Ready For Civil Unrest: Survey Finds That Most Americans Are Concerned About Election Violence

Could we see violence no matter who wins on November 8th?  Let’s hope that it doesn’t happen, but as you will see below, anti-Trump violence is already sweeping the nation.  If Trump were to actually win the election, that would likely send the radical left into a violent post-election temper tantrum unlike anything that we have ever seen before.  Alternatively, there is a tremendous amount of concern on the right that this election could be stolen by Hillary Clinton.  And as I showed yesterday, it appears that voting machines in Texas are already switching votes from Donald Trump to Hillary […]

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