When the Wheels Stop Rolling

When it comes to new car sales, most Americans are payment buyers. We want a good deal, for sure, but we really need a car payment that fits our monthly budgets. That’s a problem, given that we also want premium brands, snazzy features, and, for many of us, hulking big machines that look like they’d be more at home tearing up jungle roads than cruising on asphalt around town or on the interstate. All of that stuff costs money, which is in short supply with modest wage growth. But that’s OK. For the last several years, automakers, or at least […]

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Stop Patching Up the Euro

Andreas Georgiou can’t catch a break. The Greek statistician moved back to his home country in 2010, at age 50, to help right the financial ship. He left Washington, where he had spent 21 years working for the International Monetary Fund, to take over the agency that reports Greece’s financial health. Part of the problem with Greece is that no one knows exactly how big their problems are, since the numbers weren’t exactly accurate. Georgiou quickly realized that the country’s budget deficit in 2009 wasn’t 6% of GDP, as Greece’s statistics service had previously said. Or even 10%. He revealed […]

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They’re Called Stop Losses for a Reason!

I’ve been making a lot of adjustments to stop losses lately in my Peak Income service as a way of locking in some of our hard-fought gains. Recently I took a moment to explain to subscribers how and why I use stop losses as a risk-management tool. Now I want to give you a glimpse of what I told them. There are two elements of every trade – the buy and the sell – and being a successful investor over time means getting both of them right. Most investors put substantially all of their time and energy into the buy […]

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The Day The Lights Go Out And The Trucks Stop Running

What would happen if some sort of major national emergency caused a massive transportation disruption that stopped trucks from running?  The next time you talk to a trucker, please thank them for their service, because without their hard work none of our lives would be possible.  In America today, very few of us live a truly independent lifestyle, and that means that we rely on the system to provide what we need.  Most of us take for granted that there will always be plenty of goods at Wal-Mart and at the grocery store whenever we need more “stuff”, and most […]

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The Ultimate Middle East Dilemma: Time For Us To Stop Intervening?

The last time I was speaking in Dubai, my wife had lunch with three highly intelligent women from Shia, Sunni, and Christian backgrounds. Ordinarily you wouldn’t expect three people with these backgrounds to agree on something, but they did on one thing…. That is, the West doesn’t understand why the Arab world hates them. What’s so difficult to understand? Our oil interests have caused us to meddle in this territory for decades. It doesn’t take much to figure out that they hate us for interfering in their affairs. Unfortunately, today we’re increasing our involvement in the conflict in Yemen. Ultimately, […]

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