Investors Stockpiling Cash Like It’s 1999
If you have an emergency kit you know you're supposed to stash cash in the event of a crisis. Everyone's telling us the market's never been better—so why are the wealthy piling up currency?
If you have an emergency kit you know you're supposed to stash cash in the event of a crisis. Everyone's telling us the market's never been better—so why are the wealthy piling up currency?
If you think the investing landscape looks bleak today, take a look down the road—to the domestic and international havoc we know is on the horizon, and the hazards we don't even see coming.
All our lives we've been taught to save. It was the universally acknowledged hallmark of character and sound financial judgment to have money in the bank, and that thrift was rewarded. But this expert says that world is gone.
For wealthy companies and investors Singapore and Puerto Rico were paradises on Earth, where investment and income taxes melted away. But now their economies are paying an awful price.
How could a country blessed with the largest reserves of the world's most in-demand commodity see its economy in ruins? The answer may resonate with your personal portfolio.
So what if folks in California are priced out, everything's fine where you are, right? Unless our western neighbors are the fading canary in the coal mine of home sales.