It appears that Russia is thanking China for not supporting a United Nations vote against the Kremlin as well as launching a lawsuit against Ukraine for a $3 billion loan repayment. Speaking at the Economic Development Forum, Yevgeny Gavrilenkov, managing director and chief economist at Sberbank, stated that “China’s Yuan may become the third reserve […]
Archives for March 2014
Study: 38 million wealthy U.S. households living ‘hand-to-mouth’
It seems a household living from one paycheck to the next isn’t just for the lower- and middle-class. A new study has discovered that a large number of affluent homes are living in the same kind of predicament: no savings, no investments, no rainy day fund. Greg Kaplan and Justin Weidner of Princeton University and […]
Housing bubbles on the verge of popping in U.S., Canada
Easy money, low interest rates and speculation have allowed the real estate market in the United States, Canada and elsewhere to grow exponentially. Of course, the housing market’s rise in value hasn’t been based on sound economic principles, but rather central banking interference. In the U.S., the Federal Reserve’s monthly bond-buying initiative has created several […]
IRA vs. 401(k) – Which one is the superior investment?
When it comes to retirement savings and investments, most workers will opt for 401(k) plans. However, Bankrate.com recently published five reasons as to why individual retirement accounts (IRAs) are better retirement vehicles for investors than traditional 401(k)s. Larger and better selection of mutual funds Reduce expense ratios and other costs Option to invest in ETFs […]
Peter Schiff makes case for dollar collapse amid higher stocks
The stock market in the United States inches higher each day – some say it’s in bubble territory because of the Federal Reserve – but that won’t stop the U.S. dollar from making its inevitable collapse, says Peter Schiff, president of Euro Pacific Capital. Speaking with CNBC during the Thursday trading session, Schiff said that […]