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Russia Issuing Yuan-Denominated Debt Means Another Nail in the Dollar’s Coffin

The time is coming when the dollar will no longer be the world’s reserve currency. In all likelihood it will be the Chinese yuan that replaces the dollar, as China is making moves to internationalize its currency, make it more convertible, and use it in foreign trade with more and more nations. The progress made by the yuan is slow and steady, but the end goal is clear. Every day brings more and more news that indicates that the dollar’s [...]

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Corporate Debt Continues to Spiral Out of Control

The biggest bubble in the United States today is also the one that hardly anyone knows about, recognizes, or cares about. It’s well known that the response to any financial crisis is to take action to ensure that such a crisis doesn’t occur again. But that means that we’re always fighting the last war. So while the Federal Reserve and other federal regulators may have taken steps already to prevent another housing bubble from bringing the economy down, they’re [...]

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Think You Can Count on a Pension? Not So Fast

To younger workers the idea of a pension hearkens back to days gone by, when employees spent their entire career with a single company from first hire to retirement. In the modern workplace, with workers ready to jump from company to company in search of better pay or benefits, the idea of a pension seems almost antiquated. And with the development of 401(k) programs that have allowed workers to save up for their own retirement, many may not feel [...]

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Latest Job Market Numbers Show the Economy Is Slowing

With an intensifying trade war with China, volatility in stock markets, and a yield curve that inverted months ago, all the signs are there that the economy is on rocky footing and heading towards a recession in the near future. But despite all those negative signs, many market analysts continue to point to the job market as a sign that the economy is still healthy. With job growth continuing and more job openings than job seekers, many economists think [...]

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Hopes Fading for a China Trade Deal

Every week seems to bring new news that dampens hopes for a resolution to the trade war with China. With President Trump blacklisting more Chinese technology firms due to alleged human rights abuses, China is bound to hit back soon. The country has already reacted to a single tweet by the Houston Rockets’ general manager by cutting back its ties with the NBA, something that stands to cost the basketball league millions. And with a Chinese delegation due to [...]

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WeWork IPO Implosion Highlights the Fact That We’re In Tech Bubble 2.0

One of the major factors contributing to sky-high stock valuations in recent years has been the performance of tech stocks. Much of the gains in stock markets has come about due to the performance of Apple, Amazon, Facebook, Google, and Netflix. Nearly two decades after the burst of the dotcom bubble, investors have forgotten all about the lessons learned back then, and that will come back to harm them. But in a worrying sign that portends the coming of the [...]

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Corporate Stock Buybacks Still at Record Highs: When Will the Bubble Burst?

One of the most frustrating things for investors to see today is that, despite the fact that the US economy is rapidly heading towards recession, stock markets remain at unusually high valuations. While those investors who have already invested in gold to protect their assets are happy about gold’s performance, especially as stocks have plateaued in recent months, they’re still puzzled to see stocks not dropping like everyone knows they’re going to. Why is that? As with much of the [...]

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Rising Healthcare Costs in Retirement: Are You Prepared?

The secret to a comfortable retirement is to have more money on hand in retirement than you end up spending. But that’s not always easy to do, and every retiree’s greatest fear is running out of money in retirement. That means that to really be secure in retirement you’ll have to build up as large a nest egg as possible. But even if you do that you’ll still have numerous difficult decisions to make. Probably the greatest unknown when it [...]

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New Front in Trade War Is Bad for Europe But Good for Gold

With the World Trade Organization ruling that the European Union unfairly subsidized Airbus, a new front will soon be opening in the worldwide trade war. The United States will now be able to retaliate against the EU by placing tariffs on EU goods. But that isn’t a victory for US consumers, who now will face higher prices on many goods imported from Europe. While the initial tariffs are expected to fall on Airbus parts, imported wines and liquors, and other [...]

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Gold to See Price Growth in Coming Weeks as Chinese Demand Rebounds

Gold has seen a slight retrenchment in price this week as China begins its “Golden Week” surrounding the October 1st national holiday. This period of travel and holidays sees a slowdown in the Chinese economy, which as the world’s second-largest results in an impact on many world markets. Among those is the gold market, which for the last several years has seen increased demand from China. Gold price patterns have showed a consistent pattern for the past several years, in [...]

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