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You may have heard there’s a looming retirement crisis in America. In a nutshell, the term refers to the sizable difference between the amount Americans have saved for retirement and the amount they actually need to retire comfortably. One estimate from 2022 pegs the total shortfall at slightly more than $7 trillion.[1] Seven trillion obviously …

Gold IRA Strategy: Valuable Tool to Reduce Impact of Volatility on 401(k)s and IRAs Read More »

Even casual consumers of financial news likely recognize the terms “hard landing” and “soft landing” as they pertain to the economy. That isn’t to say they have a clear understanding of what each means, however. So, before I proceed to the real topic at hand, it will be important to know what each is and …

IRA/401(k) owners: No-landing economy scenario is “fairy tale” says economist Read More »

Analysts suggest the current trend toward deglobalization – movement away from cooperation and interconnectivity among governments and economies – began with the Great Recession. For many nations, the financial crisis suggested they had become too dependent on other countries for goods and services.[1] Since then, the world has been subject to a steady stream of …

Concerns Grow Over Possible U.S.-China Military Conflict Read More »

For the 79th time since 1960, the federal government has reached the debt ceiling.[1] The debt ceiling represents the legal limit – currently $31.4 trillion – on the amount of debt the government can accrue. Congress must vote to raise that legal limit. Raising the debt ceiling would allow the government to make good on …

Debt Ceiling Crisis: Precarious Foundation of Economy Read More »

When you say “precious metals” to someone, chances are excellent they’ll think of gold before silver. That can include retirement savers who are considering metals as a way to help minimize the impact of economic uncertainty on their accounts. However, retirement savers who look past silver in favor of gold when the precious metals bull …

Will Silver And Precious Metals Leave Gold Behind? Read More »

Precious metals are not renowned for their performance as long-term capital appreciation assets, historically. That said, there’s little denying that precious metals have acquitted themselves rather nicely since the beginning of the millennium. Economic data shows from January 2001 through the present day, the price of silver has climbed more than 400% while gold has …

Economic Data Already Is Pushing Precious Metals Higher in 2023 Read More »

Let the record show: Back in 2021, practically no one, it seems, foresaw the economy that ultimately came to pass in 2022. Not the level and persistence of inflation; not the severity of the interest-rate increases; and certainly not the resulting volatility that wiped tens of trillions from the real net worth of U.S. households …

Economic Forecasts Were Off in 2022 Read More »

For well over a year now, inflation has been a big thorn in the side of U.S. households. You may recall that as recently as June, the consumer price index (CPI) topped 9% –something it hadn’t done in the nearly 41 years that came before.[1] Recently, there have been some signs of relief. One of …

Recession Red Flag: Heading Into Economic “New World Order” Says BlackRock Read More »

In October, the consumer price index increased at its slowest year-over-year pace in nine months.[1] “Slow” is very much relative in this case, however. At 7.7%, October’s CPI remains not far off the 40-year highs reached earlier this year.[2] Still, despite the persistence of high inflation, few expect acutely elevated prices to last. But even …

We Now Live in an “Age of Inflation” Says Distinguished Economist Read More »

If you take a casual glance at the latest government inflation report, it’s likely you see good news. The consumer price index (CPI) for October was 7.7%.[1] That makes it the lowest CPI in the last nine months. It also is the first CPI in eight months to see a measure under 8%. Additionally, October’s …

Household Debt Continues to Surge Alongside Inflation Read More »