Economy

The top 10% of the richest people in the United States held 69.8% of total U.S. net worth (which is the value of all assets a person holds minus all their liabilities) as of Q1 of 2021.

The U.S. economy is literally on perpetual life support. Recent events show too clearly that unless fiscal and monetary stimulus continues, the economy will fail and, by extension, the stock market...

There are two specific reasons why runaway inflation did not happen a decade ago, and why it won’t likely happen now, either:

Warren Buffett has been a vocal critic of Bitcoin in recent years, repeatedly dismissing the cryptocurrency as worthless and a risky, speculative asset. Here are 16 of his best quotes.

The Federal Reserve is now trying to figure out ways to boost inflation expectations... so that Americans are encouraged to spend more before their money is worth less. Unfortunately, not only will their money soon be worth less, it will literally become worthless! Words: 904

Greed is a powerful motivator, but in the extreme it is cause for fear. Below we provide 10 reasons to be fearful.

To hear Federal Reserve officials, politicians and mainstream financial media pundits tell it there is no inflation... but inflation defined correctly is rampant. In fact, it is at all-time record levels.

“Buy as much house as you can,” real estate agents urged clients. “The more you buy, the bigger your tax break” is their advice using the mortgage interest deduction (MID) to explicitly promote over-investment in housing. Unfortunately, such advice fueled the previous housing boom and exacerbated its bust and could do so again.

Many articles are being written these days that more or less scope the dire financial circumstances the U.S. is in. That being said, I had not been able to find one "analyst" - even one - who had the guts to outline the probable outcome and general hopelessness of the situation and to offer any meaningful prescription for investors to survive this coming catastrophe - until now. Words: 710

The economy is a better indicator than stocks and bonds (house prices, too) of our financial health.