A hub for independent voices and hard truths
Your bank earns 5% on your money, you earn 0.4%, and you can’t fix it. Banks pay you 0.4% interest on your deposits, then take your money & put it at the Fed, which pays them 5% interest on your …
Gold’s brief slide below $4,000 has pundits cheering – but traders, not fundamentals, drove the move. Silver’s scarcity tells a different story, and Bank of America now recommends gold as the smart hedge against the frenzied AI boom… By Peter …
“For decades, the Japanese and Chinese produced more than they consumed and saved the difference. A part of those savings got invested in US treasuries, which meant the US govt could spend more than it earned and borrow the difference. …
There is a quiet theft happening in plain sight. Banks like Chase and Bank of America are paying you a humiliating 0.01 percent on your savings. That is not a typo. For every thousand dollars you keep with them, you …
Just about everyone has a view on China’s economic troubles. Its deepening property crisis, deflationary currents, and increasing protests are all Asia observers can talk about. Yet one very important voice is barely saying a word about the state of …
via Lance Roberts As the financial markets grind higher, retirement savers have consciously decided to add more to equity risk. Such was the result of a recent Bloomberg survey. “Retirement savers want more stocks in their portfolios as a hedge against inflation, …