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Why It’s Time to Think Like a Roman

Years ago, when I was earning my master’s degree from the London School of Economics, I was known to skip out of lectures a little early on Fridays, throw on a backpack, and do some exploring on the weekends. With just about anywhere in the U.K. or Europe accessible within a few hours, my decision on where to go was usually made by price. (I was, after all, on a grad student’s budget.) Train tickets to northern England were cheap, so one September weekend I decided to hike along Hadrian’s Wall, the ancient boundary between Roman Britain and the barbarian […]

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Hurricane Harvey Will Render Some Parts Of Texas ‘Uninhabitable For An Extended Period Of Time’

Do you remember what Hurricane Katrina did to New Orleans?  Well, now we are watching the same thing happen to southeast Texas.  On Friday, Hurricane Harvey made landfall as a category 4 hurricane.  It is the first hurricane to make landfall in the United States in 12 years, and it is the most powerful storm to hit the state of Texas in at least 50 years.  One meteorologist is saying that what we are witnessing is “worse than the worst-case scenario for Houston”, and another stated that this storm “could easily be one of the worst flooding disasters in U.S. […]

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The Dow Closes At A Record High For The 9th Straight Time But Experts Warn That A Stock Market Crash Could Be Imminent

The bigger they come, the harder they fall.  On Monday, the Dow Jones Industrial Average closed at a record high for the ninth straight session.  It has been a remarkable run, but many experts are pointing out that big trouble is brewing under the surface.  As you will see below, 79 components of the S&P 500 have already dropped more than 20 percent below their 52-week highs, and it is mostly just a handful of high flying tech stocks that are still propping up the market at this point.  Over the past several weeks, I have been documenting so many […]

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Remember This Milestone: The Dow Jones Industrial Average Hits 22,000 For The First Time In U.S. History

The Dow hit the 22,000 mark for the first time ever on Wednesday, and investors all over the world greatly celebrated.  And without a doubt this is an exceedingly important moment, because I think that this is a milestone that we will be remembering for a very long time.  So far this year the Dow is up over 11 percent, and it has now tripled in value since hitting a low in March 2009.  It has been quite a ride, and if you would have told me a couple of years ago that the Dow would be hitting 22,000 in […]

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The Boomers Are Aging Fast… Time to Make Money Now

If you’ve followed my writing for any length of time, you know how much respect I have for Harry and his demographic work. Believe it or not, Harry, and his approach to forecasting, gave me the confidence to help launch Peak Income – an income newsletter – at a time when most investors were terrified of yield-focused investments. The consensus two years ago was that inflation and higher bond yields were just around the corner, which would’ve meant a rough ride for the kind of investments I recommend. In retrospect, that claim seems almost absurd. Inflation is still dead on […]

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It’s Time to Kick This New Mafia in the Balls

Just look at this chart! If you were born in 1980, you only have a 50% chance of making more money than your parents. But if you were born in 1950, you had a 79% chance, according to research that Raj Chetty and his team of economists did. That’s one hell of a drop! Upward mobility in the U.S. has almost halted. Of course, this is no news to us… and we can point a finger to at least one of the culprits. Our colleges and universities. They have essentially become strongholds for a new mafia, one that dons academic […]

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Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017.  According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”  He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community.  Like other analysts, Stockman believes that the U.S. economy […]

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Time to Think Like a Surfer

I took up surfing in my early 30s. It didn’t last long. But I learned a tremendous amount from the experience (least of which is that I suck at surfing). Well, it’s time to think like a surfer. Your sole focus is to catch the wave. The best surfers can see the waves building, just like we can in the markets, but they only care about where the biggest, best waves will crash. That’s where you get the ride. And if you catch the biggest wave in the right place, you get the ride of a lifetime. Look at this […]

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The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true.  Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages.  Just like with subprime mortgages in 2008, this is a crisis […]

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It’s Time to Shatter the Stones

I’m sorry, but I don’t have a healthcare problem. I have a concierge doctor at a fixed annual fee, with free visits and discounts on blood tests and other things I need. On top of that, I have a high–deductible insurance policy that only covers unexpected costs over $ 6,000, like if I have a heart attack or something. I’m accountable, which means I feel the expenses for my healthcare day to day, week to week, and month to month. I pay for my visits and expenses with a credit card linked to my HSA account. There’s no bureaucracy, there’s […]

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