Save Time: Read These Latest (and Best) Financial Article Summaries

 Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com – A site for sore eyes and inquisitive minds – surfs the net each and every day searching for the most informative articles that have been posted that day. Those that are particularly insightful and well written are then edited for the sake of clarity and brevity to ensure a fast and easy read. Introductory paragraphs are posted on said site with a link to www.munKNEE.com where edited excerpts of the original article are posted. Below are yesterdays articles for your enjoyment. Either just read the opening paragraph or click on the title to read the complete article. Words: 583

Today’s Top Articles March 07, 2012

“The following articles have just been posted due to their exceptionally informative content and were edited, abridged and reformatted, where necessary, to provide you with a fast and easy read. Enjoy!”

Alf Field: As Predicted Gold Has Retested $1,685! Could Drop to $1,650 Before Continuing Move to $4,500 In spite of what happened to gold on 29 February 2012, when it dropped from $1792 to a low of $1686, it is still tracking well in line with Elliott Wave expectations. [That being said] a rally, followed by a further decline to test the $1685 area, is a more likely outcome [before going onwards and upwards. Let me explain.] Words: 628 Read More »» The Premise That Higher Oil Prices Will Cause Inflation and/or a Recession is Wrong! Here’s Why The classic argument is that, because 70% of the economy is driven by consumer spending, an increase in gasoline prices will cause a decrease in consumer spending, which will cause an economic decline. [My research, however, indicates that] the premise that higher oil prices will cause inflation and/or a recession is wrong. [Let me explain why that is the case.] Words: 1097 Read More »» Your House: A Home, An Investment or a Ponzi Scheme? In the past few decades, the concept of home ownership has been completely turned on its head. Previously, homes were considered a very long-term consumption good…[No one] ever considered tripling the value of their homes by retirement time and selling them to move beachside yet, somehow along the way, this became a reasonable investment expectation. Even today, home buyers still make their purchases with the hopes of escalating prices. [It begs answers to these questions: Is a house just a home? Should a house be expected to behave like an investment? Is the housing game nothing more than a Ponzi scheme where the end buyer before the market corrects becomes the “greater fool”? Let’s try and answer those questions.] Words: 935 Read More »» Addiction to Credit Card Debt Remains Excessive Albeit Declining – Here are the Facts Households with credit card debt carry $16,000 at an average rate of 15% and, given that some households have little credit card debt, you can imagine how high the debt is for others.. Imagine, $16,000, but that is actually down by 17% as the grand American household deleveraging continues. [Be that as it may, credit card debt is still excessive with all ages and all income groups. Here are the facts.] Words: 760 Read More »» Greek Fiscal Irresponsibility Is No Surprise! Here’s Why Is it a coincidence that Greece, a country with a 40% smoking rate, has dug itself into such a financial mess? What is fiscal irresponsibility, if not an unwillingness to deal with discomfort today in exchange for future financial health? [Let me explain why an analogy to a country’s addiction to smoking is so appropriate when considering the Greeks’ attitude to their country’s sovereign debt woes.] Words: 650 Read More »» Sign-up for Automatic Receipt of Articles in your Inbox and follow us on FACEBOOK | and/or TWITTER .