Finance

The farther away you are from retirement, the greater your potential to achieve a sizable nest egg in the future because time is on your side. [Here's how to do just that.]

The recent turbulence in global markets is a signal that the potential for macro risk is on the rise. One way to quantify the threat for the U.S. economy is by monitoring four financial stress indexes that are published by regional Fed banks. The following is a summary of where we stand at the moment, based on numbers collected this morning (Oct. 30).

With European demographics getting more challenging by the year the eurozone, problems don’t seem to be going away for the euro. Will the shrinking euro be able to revert its course, or is Europe doomed to become the next Japan?

Full implementation may take a few years but, as CIPS gains strength, its use will spread outward...[and] the more it spreads, the greater the Chinese influence over such entities as the IMF.

A lack of discipline, inability to delay gratification, failure to understand basic mathematical concepts, materialistic envy, absence of critical thinking skills, and a delusionary view of the world have left the majority of Americans broke and in debt. Let me explain further.

Canada has surprisingly often been the place where the future happens first - and it’s happening again. Last Monday, Canadian voters swept the ruling Conservatives out of power, delivering a stunning victory to the center-left Liberals led by Justin Trudeau in a clear rejection of the deficit-obsessed austerity orthodoxy that has dominated political discourse across the Western world. The Liberals ran on a frankly, openly Keynesian vision, and won big.

The Chinese yuan continues to gain stature on the world financial stage, overtaking the Japanese yen to become the 4th most-used currency for global payments, boosting its claim for reserve status.

If you are in the habit of bargain hunting or trying to get free stuff, think again - especially if you are fortunate enough to be in a secure well-paid job. Look for quality, not price, and expect to pay for quality goods and services. In addition, be generous because it is generosity, not miserliness, that creates prosperity. Let me explain.

Even the slightest movement made by China can create a ripple effect on fragile global markets. On August 11 China devalued its currency by 1.9% and has made some smaller changes since then. Today’s infographic looks at the reaction in currency markets in three time frames after the event: 24 hours, one week, and one month after.

You now have the opportunity to get ahead of the game and establish barter relationships in your own community now, before it becomes imperative due to a banking or currency crisis. This article outlines all of the information you need to get started conducting business using physical gold and silver.