After finishing off 2013 in negative territory, gold has started 2014 with a bang and has jumped 14 percent so far. After hitting a six-month high during Monday’s trading session, Peter Schiff, president of Euro Pacific Capital, says the rally is going to last and the precious metal will likely hit $1,500 in the near […]
Archives for March 2014
Minimum wage, rough economy hurting teen employment
Youth appear to be the ones to be hurting the most in today’s difficult labor market. This has become even more apparent after the Brookings Institute published a new study Sunday entitled “The Plummeting Labor Market Fortunes of Teens and Young Adults” that found teen employment is at its lowest rate since after World War […]
Is next bubble about to burst? Infographic takes a look the history of bubbles
The United States economy is experiencing many bubbles right now: bonds, debt, social media, the stock market. Whether it’s due to the Federal Reserve expanding the size of the bonds and stock market bubbles or it’s speculation over the next big social network, the next bubble will be horrendous like the tech and real estate […]
Will Obama’s Executive Order seize your assets?
The White House has issued a statement outlining the Executive Order “Blocking Property of Certain Persons Contributing to the Situation in Ukraine.” In President Obama’s EO, he has the authority to seize property and assets of “any United States person” if they fall under the vague orders. This means that “any United States citizen, permanent […]
Retirement collapse as Baby Boomers using reverse mortgages for income
A reverse mortgage is a financial tool that allows seniors to use the equity in their home without any income or credit qualifications. In order to qualify for the program, seniors must be 62 years of age, live in their own home and have equity in it. Critics argue that up-front costs are high and […]