Collectively, our net worth reached a new high in nominal, real, and per capita terms according to the Fed's Q3/16 estimate of the balance sheets of U.S. households released last Friday. While we are living in the weakest recovery ever, and things could and should be a lot better, it is still the case that today we are better off than ever before.

In the next 5 years most people will lose 75-90% of their wealth and some 100% but investors needn’t lose most of their money if they took a few measures to protect their fortune...

Each and every day of the year I review hundreds of financial articles looking for the very few that are succinct, informative, thought-provoking and well written and bring them to my readers in a Market Intelligence Report. Below are today's best:

Another boom and another crash. The story of Bitcoin has been a roller coaster ride of rises and falls to say the least. People have watched in awe as Bitcoin has catapulted higher in recent weeks yet this was not meant to last. Once again, as it has so many times before, Bitcoin has suffered a serious setback, falling roughly 31% overnight!

I think the Chinese are devaluing the yuan in slow motion but when they realize that the shadow banking system will tighten credit at the worst possible time - just when the PBOC is actively fighting such tighter credit conditions - they are likely to devalue the yuan by a much larger and less orderly amount.

35% of all Americans have debt in collections and this is happening during the current supposed “economic recovery”. It begs the question: "What are things going to look like when the economy becomes extremely unstable once again?"

The more I think about where the “monetary policy community” of academic elites has brought us, the angrier I get. It has been a long time since I have been this passionately upset about something - and not merely because the policies are stupid - but what the Fed has done is to destroy the retirement hopes and dreams of multiple tens of millions of my fellow U.S. boomers (and when we include the effects of the destructive policies of the rest of the world’s central banks, the number becomes hundreds of millions). This article looks at the FOMC’s decision-making process for monetary policy and surveys the unpalatable future that our leaders are cooking up for us.

One of the most dangerous places to be as an investor is when you’re the smartest person in the room and don't have a heavy dose of humility. That can get you into trouble because it can lead to overconfidence which can lead to overthinking which can be a deadly combination when managing money. Intelligence becomes wisdom with the recognition that no matter how certain you are in your market views, no one really knows how things will play out. This is why it’s so important to fight to...

Janet Yellen and her merry band of money printers are oblivious to the dangerous speculation and valuation excesses that their policies have implanted throughout the financial system. No wonder the Trump voters want to throw the bums out. It is none too soon.

The S&P 500, Treasury Bonds, and the U.S. Dollar Index look like candidates for the Great Collapse while gold, silver, and their stocks look like candidates for the Grand Ascension. This article explains why that is the case with supporting charts.