In the frantic closing days of World War II, as Allied troops tightened the net, the Nazis desperately tried to squirrel away their stolen treasures, including millions in looted gold. Some has been found, other prizes still slumber in the secret depths.
It’s sometimes easy to lose sight of one fundamental fact: An economy that’s dynamic and open to new workers—and spenders—is an economy that’s prepared to compete and thrive in a world where the only constant is change.
“Set it and forget it” is a great strategy for crock-pots. But if you put retirement planning on autopilot you really could get burned.
Once again the Fed’s Lucy has yanked the football away from savers and retirees and, like Charlie Brown, we’re flat on our assets. Is there a way to win the Fed’s bait-and-psych game?
It was a housing bubble that led to the disastrous Great Recession in 2008. But at least back then Canada’s stability helped buoy us. This time we both may go down together.