Annuity Guarantee “WILL BE REVOKED”
I've been warning investors about variable annuities for a long time. Hartford Insurance has issued a letter to its variable annuity investors warning that...
Shocking Statistics about American Savings
The New York Fed announced yesterday that household debt levels have fallen to $11.23 trillion, down from a peak of $12.68 trillion in the...
Going Broke!
If you feel like you’re spending too much don’t feel so bad. These guys take it to another level.
15 Ways Professional Athletes Go Broke
By...
Election Year Buzz Turns into Hangover
Surprise, surprise, consumer sentiment in America reached its post-recession high in November, just as politicians were sending Americans to bed each night with dreams...
Fiscal Cliff Winners and Losers
It’s nice to have options. Before knowing the fiscal cliff outcome and before taking a trip to North Korea, Google Chairman Eric Schmidt sold...
The Illegitimate Tax Mandate
Following last week’s election, the President and his allies in congress are claiming the outcome of the election (and exit polls) indicates a mandate...
Investing in a Global Recession
World trade volumes declined for the third month in a row according to the CPB World Trade Monitor Index released today. The index grew...
Income Investors Beware: This Asset Class is a Guaranteed Loser
Yesterday, Bloomberg reported that the U.S. Treasury sold $24 billion of 10-year notes at a record low auction yield. The bonds were sold at...
Fear and Greed: Read the Market like Warren Buffet
If you tune into to CNBC regularly, you’ve likely come across a segment where the commentators are talking about the VIX Index. You may...
A Dubious Tax Proposal
President Obama is on the campaign trail promoting the Buffett Rule that the Senate will likely vote on in coming days. The Buffett Rule...