The World in 2050: When the 5 Largest Economies Are the BRICs and USA

Economy

As China, India, Russia, and Brazil be part of the worldwide middle class, brains and cash will increasingly flow far from America In 2010, four out of the top five economies within the global economy had been part of the West. In 2050, on the report of Goldman Sachs, America will be the only Western … Read more

California’s Smart Retirement Plan and the Industry That Resists It

California Smart Retirement Plan

Today, half of the American families have precisely zero retirement savings, not counting conventional pension plans, which are becoming ever less common, or Social Security. There are two fundamental causes of this distressing scenario. The first is that many households don’t make enough to cover their basic living expenses. The second is that even those … Read more

Warren Buffett’s Investment Advice: Buy Things That Make More Things

Warren Buffet Advice

“The Oracle” comes down from on high this month to deliver his annual insight to the shareholders of Berkshire Hathaway, and obviously people want to understand: Where does Warren Buffett keep his money? Buffett let us view a little of his annual shareholder’s letter to Fortune, and the advice — as soon as you cut … Read more

The Next Recession Will Destroy Millennials

Toxic Bubble Of Technical Debt

The trade war is dragging on. The yield curve is inverting. Investors are fleeing to protection. Global growth is slowing. The stock market is dipping. The Millennials are screwed. Recessions are never desirable for any of us. A faltering economy means miserable financial, emotional, and physical health consequences for absolutely everyone from babies to old … Read more

The Toxic Bubble of Technical Debt Threatening America

Technical Debt

In Northern California, the fires have come again, sending thousands of escaping via order. They’ve been aided by using a historic wind occasion that a forecaster informed me was “off the charts,” with offshore winds showing up as six standard deviations away from regular in National Weather Service models. On Sunday, the wind gusted to … Read more

Most People in the World Have No Idea How to Manage Their Money

Investment Money

Do you understand cash? Let’s see how properly you do with the following questions.   Assume that you had $100 in a savings account and the interest rate was 2 percent per year. After five years, how much do you observe you’ll have in the account in case you left the money to develop? A) … Read more

Rethinking Central Banking

Central Banks

An occasion at the Brookings Institution released a brand new report, Rethinking Central Banking, by means of a team of economic dignitaries inclusive of Barry Eichengreen, Raghu Rajan, Eswar Prasad, Carmen Reinhart, Kenneth Rogoff, and others. I’ve only glanced through it at this point but the presentation looks interesting and the record looks beneficial as … Read more

Two Major Credit Reporting Agencies Have Been Lying to Consumers

Credit Score

In personal finance, practically everything can turn on one’s credit rating. It’s both a measure of one’s financial past and the key to getting access to necessities—without major costs—in the future. But on Tuesday, the Consumer Financial Protection Bureau introduced that two of the three principal credit-reporting corporations liable for dishing out the scores—Equifax and … Read more

When Employers Pay Student Loans, Those Who Most Need Help Are Left Out

Student debt

Americans owe approximately $1.2 trillion in student debts. For undergraduate and graduate degrees, around 10 percent and 40 percentage, respectively, of those with debt owe an astonishing sum: greater than $50,000. A fortunate few won’t need to pay this off by themselves; their employers will help, via that, a small number of organizations are presenting … Read more