Source: City Journal “The second-longest bull market in American history hasn’t stopped the deterioration of state and local pension funds, whose unfunded debt has almost quadrupled – by their own accounting – from about $360 billion in 2007 to...
Source: CNBC “Every day, millions of Americans go to their jobs, work hard, and play by the rules to pay the bills and put food on the table each night. But they often struggle to then find any way to save for retirement. Currently, almost half of all American...
Source: Smith/Of Two Minds “Central banks, like generals, always fight the last war – until the war is lost. The global economy is careening into recession (call it a ‘slowdown’ if you are employed by the Corporate-State Media), and while we...
Source: CNBC “As recession fears rise, Bernstein is suggesting investors look to gold and gold mining stocks to reduce risk. The firm’s global quantitative trading strategy group on Monday sent a note titled ‘a strong case for holding gold.’...
Source: Daily Reckoning “Will quantitative easing soon become a permanent fixture of markets?…The Federal Reserve has lost its race with Old Man Time. The opening whistle blew in December 2015… and Janet Yellen came off the blocks with a 0.25% rate hike. If the...
World Gold Council “Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. As such, gold can play four fundamental roles in a portfolio: A source of long-term returns, a diversifier...
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