Reports

Dear Rich Lifer, Over the weekend, I shared some of the pros and cons of buying a vacation home. Not only do you need to be able to cover the upfront costs of buying a second home, you also have ongoing yearly expenses to cover as well. And unless you ...

It’s happened several times in the last couple of months – someone approaches me, clipboard in hand, and asks if I’m a California voter. Then, barely waiting for my response, they start asking me to sign a petition related to rent control. The first time it happened, at my local ...

The biggest stumbling blocks to older workers are… Avoid putting this red flag on your resume… Nothing ages someone more in an interview than… Dear Rich Lifer, Finding work in your 50s or 60s is no easy task, but new and somewhat surprising employment data suggests that prospects are improving, ...

Markets are still digesting last week’s Chinese devaluation that sent the Dow crashing over 700 points last Monday. And as everyone knows by now, the Trump administration labelled China a currency manipulator. The ironic part of it is that China has been manipulating its currency to strengthen it against the ...

Red, red, in every direction we turn today… red. The Dow Jones shed 800 scarlet points on the day. Percentage wise, both S&P and Nasdaq took similar whalings. The S&P lost 86 points. And the Nasdaq… 242. And so the market paid back all of yesterday’s trade-induced gains — with ...

China’s shock currency devaluation last week begs the following questions: Is China a rising giant of the twenty-first century poised to overtake the United States in wealth and military prowess? Or is it a house of cards preparing to implode? Conventional wisdom espouses the former. Yet, hard evidence suggests the ...

One of the crucial insights in currency trading that many investors fail to grasp is that currencies don’t go to zero, and they don’t go through the roof. That’s a generalization, but an important one. Here are the qualifications: This observation applies to major currencies only — not to currencies ...

Currency manipulator! Today we point an indignant and accusing finger at the latest currency manipulator. Let all proper authorities take notice. The accused is not China — incidentally. But we cannot proceed without first noting another manipulated market… The stock market presented a distressed scene this morning. Plunging bond yields ...

The market’s been bouncing around lately, anxiously waiting to see it the Fed cuts interest rates next week. All indications now suggest that it will. The question is by how much? Minutes from June’s Federal Open Market Committee (FOMC) meeting that were released earlier this month indicated support for a ...

With uncertainty swirling around the financial markets right now, many are warning about a financial storm brewing and how to navigate through it. Let’s consider the storm elements in the world right now. The ongoing trade war is obviously a major concern, which is nowhere near being resolved. Growth is ...