The Poor Savings Habits of Millennials
A lot of ink has been spilled about the millennial generation, but only recently has there begun to be a discussion about their patterns of saving and investment. That’s because...
Texas Starts First State-Run Bullion Depository
The State of Texas recently signed a five-year contract with a private firm to administer the state’s new bullion depository...
Healthcare Costs in Retirement: Are You Prepared?
Newly-published data shows that healthcare costs for retirees will increase significantly in the coming years. Healthcare costs are already a significant cost for retirees and they will only increase in the coming years, more than projected inflation rates and higher than expected benefit increases.
The Madness of Argentina’s Bond Issue
If you weren’t convinced that bond markets were in a bubble, Argentina’s recent sale of 100-year bonds should convince you...
More Banks Passing Stress Tests, But is the Banking System Really Safer?
One feature of the post-crisis financial system that is supposed to make the system more resilient to shocks is the introduction of annual stress tests...
Tax Policy Change in India Could Boost Gold Demand
The Indian government has recently introduced a unified Goods and Services Tax (GST) that will replace the current tax system...
Monetary Policy Divergence – What Does It Mean?
The Federal Reserve last week hiked its target interest rate another quarter-point, to 1.0-1.25%. But the world’s other major central banks, the Bank of Japan (BOJ), Bank of England (BOE), and the European Central Bank (ECB), have kept their ultra-low interest rate targets intact...
What You Can Learn From Billionaires Who Invest in Gold
If you want to be successful in investing and accumulate enough money to live a comfortable retirement, sometimes it’s a good idea to take advice from those who have experience in the arena...
FOMC Raises Interest Rates, Sets Path for Balance Sheet Normalization
The Federal Open Market Committee (FOMC) last week decided to raise its target federal funds rate again, to between 1% and 1.25%.
The Forgotten Victims of Puerto Rico’s Bankruptcy
The US territory of Puerto Rico declared bankruptcy in early May. The island’s government has more than $70 billion in debt that it cannot pay, along with $49 billion in unfunded pensions.