Economy

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Economy

Enslaving Our Smartest Kids is NOT a Boon to the Economy

Lying with statistics is a favorite government pastime and the recent consumer credit report is one of the biggest lies yet. According to the Fed, the amount of consumer credit

Economy

The Yen is Due for a Drop

In the forex market, we quote the exchange rate between the U.S. dollar and Japanese yen as “how many yen buy one dollar.” That’s why the standard, tradable, forex pair

Economy

Urgent Message From Japan: Sell the Yen

Last year was tough for the Japanese. During the spring, they survived the horrific tsunami and ensuing nuclear disaster. They were forced to close 50 out of 54 nuclear plants.

Economy

No Man's Land

Sometimes knowing when not to trade is as important as knowing when to trade. When prices are trending there’s money to be made. But when the action gets choppy and

Economy

The Trouble with Gold

My accountant and I have an ongoing argument. He tells me that gold is money. I point out that gold is NOT money… at least, not today. I understand that

Economy

Expect a Volatile Correction Ahead

Last Thursday , I showed you how the Dow had been marching higher… and was due for an ”exhale.” We looked at four 50-day periods when the market was “only

Economy

The Current Bust Will Create a Middle Class Boom

By Harry S. Dent Jr., Editor of Survive and Prosper It’s a lie. The rich don’t always get richer. Sometimes the average Joe (or Jane) gets a chance to get

Economy

Too Big to Jail!?

Today’s chart requires very little explanation. Criminal fraud prosecutions of financial institutions have been on the decline since 1999.   The Global Financial Crisis revealed piles of dirt under financial

Economy

What Iceland Can Teach Us About Investing

I can’t move to Iceland because, frankly, I’m not much of fish fan. And the whole idea of pickling almost everything makes my skin crawl. Also, my wife loves the

Economy

A Foreclosure Tsunami is Quickly Approaching

Looking ahead to the foreclosure wave due for shore we want to answer two questions: How many? How fast? How Many? CoreLogic estimates 22.8% (11.1 million) of all mortgages on