A Bureau of Labor Statistics Study found the median amount saved in retirement plans was just $2000, so this is a serious subject folks.
http://www.bls.gov/opub/cwc/print/cm20050114ar01p1.htm
A lot of people may be counting on government benefit entitlements paid into at a 15.2% wage rate may not be there for them in real terms when they retire or get [...]
So few times do we really at first appreciate the power of an idea whose time has come.
Most prophets were ignored in their place and time.
Former Alaskan Governor Sarah Palin gave a Nashville Tea Party speech that can best be described as a turning point in National Politics and Economy.
Last night Mrs Palin went from [...]
We had a friend at Merrill who kept long-term market charts.
They were pretty effective at showing market highs and lows, an X Ray of market trends of supply and demand.
Supply (net selling) drives prices lower while Demand (net buying) drives prices higher. So simple it is easy to forget as we get caught up. Recently [...]
Now that the lemmings bought $64 in bond funds for every stock fund, gold, real estate and silver are down, and money market funds may legally refuse redemptions, what can we do to save ourselves?
Rich Cash
Not one man in a million understands deflation.
Rick Ackerman’s website had a lively conversation on inflation versus deflation today, [...]
Aloha All:
Please note.
This is a rush preview of a new book coming out ahead of the next lethal downwave that may see the biggest wealth transfer in history in the tens of trillions. The purpose is to stay on the right side of economic history…
To Preserve, Protect and Defend
Economic Triggers for the Next [...]
This steroid stock market recently broke a major uptrend line in force since the March 2009 bottom.
Big news today: News perhaps only to be reported by government monopoly media in passing. As this is written, earnest Senate Debate on confirming a widely expected Ben Bernanke Federal Reserve Board of Governors Chair reappointment [...]
Today was the time that tried men’s souls in DC.
http://oversight.house.gov/index.php?option=com_content&task=view&id=4756&Itemid=2
Members of the House Government Oversight and Reform Committee Members knew full well since the Mass Brown Kennedy Senate Seat shot heard round the world, their electoral survival hinges on doing their job supervising the Fed and Treasury on behalf of the little [...]
We have a lot of respect for Warren Buffett, perhaps the most successful investor of all time, exemplified by his Berkshire Hathaway Holding Company. And today the bullish rumour is BRK may be added to the S&P500 as a bellwether for the economy.
Nature abhors a vacuum and Americans apparently prefer political gridlock in Washington, DC.
In a state that already has government healthcare and a supermajority of Democrats that voted two to one for President Obama, Democrats stayed home and Independents won the day, sending a strong message to John Kerry and the Democrat Monopoly in [...]
The hottest places in hell are reserved for those who in times of great moral crises maintain their neutrality
Dante Alligheri, Inferno, The Divine Comedy
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