It's up to the concerned and critical-thinking among us to look at the math, the hard data underlying the headlines, and construct what we can best calculate to be true about our current personal financial level of (un)readiness for the future and the truth is that there are 3 adult generations in the U.S. are experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. Let's walk through the numbers.

With the market richly priced, forward returns just don’t look good enough. Worth the risk? I think it’s better to have a game plan in place that enables you to capitalize on the next major market correction – which in my opinion could be in the -40% to -60% range.

Stock markets around the world have been on an extended bull run for a long time now and 2 new charts, from Deutsche Bank and Bank of America Merrill Lynch, show that shares are in too-good-to-be-true territory and that, if history is anything to go by, they're due for a sharp correction.

Extremes eventually reverse, and generally in rough symmetry with their explosive rise and we are reaching such extremes in valuation, complacency and margin debt. When the speculative frenzy dissipates, central banks will be the only buyers left and unless the Fed increases its balance sheet from $4.5 trillion to $14.5 trillion in a matter of months, even central bank manipulation will be swamped by sellers exiting bursting-bubble markets.

In 1990, Canadians owed 85 cents for every dollar of annual disposable income. Today that number has grown to a record $1.63. Meanwhile, Canadians are saving just 3.6% of their incomes today – a drop from 12% in 1990. Rising household debt levels have some sounding the alarm.

The most recent S&P/Case-Shiller home price numbers...[show a] strong month-over-month basis, with 19 of 20 cities tracked posting gains. New York was the only city to see a month-over-month decline, while San Francisco posted the biggest gain at 3.04%. The composite 10-city and 20-city indices gained roughly 0.80% month-over-month, and they gained roughly 5% year-over-year.

Here's everything you need to know what's happening in the single most underestimated, misunderstood, and perpetually disrespected country on earth - China.

We understand the appeal of passive investing. It offers lower fees and simplicity and many investors are skeptical about the ability of active managers to consistently beat a benchmark...yet there’s also a lot of evidence supporting the benefits of an active approach. Today, we see many risks that are hard to avoid by hugging a benchmark—and opportunities that simply cannot be captured by going passive. While not every point is relevant to every investor, in every market, we can think of ten good reasons to stay active in equities today.

Gold’s relatively methodical advance since the turn of the millennium has had to do with the persistent desire to allocate a small portion of global wealth away from traditional financial assets and the fiat currencies in which they are priced. For these reasons, and the many more outlined in this article, we believe gold’s most dramatic advances remain ahead of us.

The current credit-bubble boom in stocks and bonds is getting long in tooth after 34 years of relentless expansion, and the rise of securities to 400% of GDP is reaching extremes that are increasingly difficult to support, much less push higher. As such, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target. This implies a 75% decline in both stocks and bonds within the next decade, if not sooner.