FIRE. It stands for Financial Independence, Retire Early. It’s all the rage. Young people are on a quest to keep their spending at a minimum and have enough money to retire in their 30s or earlier. They move to countries or states where cost of living is really low. They go off grid which means they cut themselves from the internet, TV, and anything else that could incur extra bills.
The US is going to run out of money. Imagine that. The world’s reserve currency has no money. Forbes reported that The U.S. Treasury stands to run out of cash as soon as October if the debt limit isn't lifted in the coming weeks.
or all those saying inflation is over, don’t worry! There’s 7 more years of it. Kristalina Georgieva, the International Monetary Fund chief, said that there is a risk of a more sustained rise in inflation or inflation expectations, which could potentially require an earlier-than-expected tightening of U.S. monetary policy.
One of the most common questions I get from friends and clients is whether or not it is better to invest in gold than in real estate. The answer? Neither is better than the other because it doesn’t even warrant a comparison. I have always advocated diversification and I don’t see it changing.
We are a ways away from substantial further progress. But we are still making progress. That’a according to Fed Chair Jerome Powell. Soon after the Fed issued its statement, U.S. stocks fell further from their record highs, and bond yields rose. As a result, Powell changed his tone and emphasized that inflation is temporary. It’s been temporary for 40 years.
Asian billionaires are investing in renewable energy and you know what that means? Increase in silver demand.
With savings in equipment manufacturing hitting a plateau, and more recently pressured by rising prices of raw materials, producers are stepping up work on advances in technology — building better components and employing increasingly sophisticated designs to generate more electricity from the same-sized solar farms.
The Congressional Budget Office or CBO said that The U.S. will see a $3 trillion budget deficit this year, close to the 2020 record. This is the adjusted computation of the CBO after it incorporated the impact of President Joe Biden’s Covid-19 relief program.
2020 was one of the worst years by far. I don’t even need to present statistics or numbers to prove that. It’s just common knowledge. What’s surprising is this. As reported by Acorns, 1.7 million Americans became millionaires in 2020. Millionaires now make up 8.8% of the U.S. population.That means almost 1 in 10, 8.8%, of U.S. adults are now millionaires, up from 7% in 2015.
$89 Trillion. That’s how much our debt will be by 2029 according to Forbes. Real inflation rate is estimated to be upwards of 10%. We have never seen this pace before. Not even at our worst times.