In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking - and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.
Read More »Piling On Debt Has Destroyed the “American Dream” – Here’s Why
The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.
Read More »What Do Swimsuit Models, Hemlines & Twitter Say About the Economy? (+2K Views)
Today, swimsuit models, hemlines, and even Twitter all have somethingswimsuit 2015 to say about the economy - if we know what to look for - and MarketWatch examined 13 unusual economic indicators, concluding from the evidence that the outlook is mixed.
Read More »China Investing $Billions In Africa – Here’s a Look At Where
China has increasingly poured billions of dollars of foreign direct investment capital into Africa..and is now invested in 46 of 54 African countries, mainly with a focus on metals, energy, and infrastructure...Investments in 2015 up until June have totaled $17.8 billion, and are on pace to reach $42 billion by the end of this year. The infographic below will help you visualize China's investment in China.
Read More »What Are Implications Of China’s Yuan Becoming a Major Reserve Currency? (+2K Views)
The yuan will be added to the IMF’s basket of currencies used to value the SDR in October 2016, with a weighting on 10.92%, which effectively anoints the yuan (also called the renminbi) as a major reserve currency. What are the long-term implications of this? Read on.
Read More »These 10 Investment Books Are Well Worth Reading – Here’s Why
Below is a list of 10 longer-term investment books that I recommend. They aren't all pure investment books (some of them teach you how markets operate in general, doing so in a clever way) but they will help you understand the markets and investing, and make you a bigger-picture thinker.
Read More »“Hot Money” Growing at 6.5% Annually – Here are the Culprits
Every year, roughly $1 trillion in "hot money" flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion growing at an average rate of 6.5% annually (and at an 8.6% clip in Asia). China, Russia, Mexico and India lead the way as depicted in the following infographic.
Read More »Skyscraper Index Suggests Economic Downturn Ahead (2K Views)
Huge skyscraper projects have historically coincided with the beginnings of economic downturns. In economics-speak, a record-breaking skyscraper may be a leading indicator of a downturn.
Read More »Milton Friedman On Governments, Free Trade & Drugs
There are very few people over the generations who have had ideas that are sufficiently original to materially alter the direction of civilization. Milton Friedman was one of those very few people. Below are his views on governments, free trade and drugs.
Read More »What Do You Know Of Canada’s History? Here’s A Quiz
Test your knowledge of Canadian history with our online quiz. If you score 21 out of 21, it states 'You deserve the Order of Canada'!
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