The US territory of Puerto Rico declared bankruptcy in early May. The island’s government has more than $70 billion in debt that it cannot pay, along with $49 billion in unfunded pensions.
Some investors are getting nervous that prices of gold, silver, Bitcoin, stocks, and bonds are all rising at the same time. That isn’t supposed to happen. Gold is supposed to do best when stocks and bonds aren’t, and vice versa…
Recent news reports have indicated that President Trump has filled two of the open positions on the Federal Reserve’s Board of Governors. One of them, Randal Quarles, was formerly involved in the President’s Working Group on Financial Markets, a.k.a. the Plunge Protection Team. The other, Marvin Goodfriend, is an enthusiastic advocate of negative interest rates. If these picks for the Fed’s Board are any indication of the type of people President Trump will continue to pick for Fed vacancies, [...]
If you want to be financially successful and enjoy your retirement, there are a few common financial mistakes that you’ll want to avoid. Not Creating a Budget Creating a budget should be the first step towards taking control of your finances. Saving for retirement takes planning, setting a target amount of money that you want to save every month, and then sticking to that target. You may go a little over budget every now and then, but if you don’t have [...]