Global Market Commentary, Analysis and Investments
The American writer and satirist, Sam Ewing, once observed that inflation “is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars…back when you still had hair.â€�
All good tragedy has a little comedy in it, and vice-versa. The reader may like to decide which is most applicable to Mr. Ewing’s remark.
[Read more...]Viewed through the lens of the greater than $3 trillion federal budget, the expense of a $700+ billion per year military clearly doesn’t stand alone as the nation’s biggest financial threat. Mandatory entitlement expenses including Medicare, Medicaid, and Social Security are already higher and rising more quickly, and, of course, there’s the national debt at over $13 trillion.
[Read more...]If you’re worried about retirement you’re not alone. A new survey out today shows that Americans are increasingly ill-prepared for retirement. US Workers are delaying their planned career end dates to instead focus on building just a basic nest egg.
According to CNNMoney.com:
[Read more...]Copyright © 2009 - Present · All Rights Reserved · Gold Stocks Today · Contact Us
Social Security No Longer Feeling So Secure
It’s a bit of fresh air to witness that the nation’s over $100 trillion in unfunded liabilities (including Social Security, Medicare, and Medicaid) aren’t going entirely unnoticed by the public. A recent USA Today/Gallup Poll found that a majority of Americans, both working and retirees, harbor significant doubts about Social Security’s ability to provide the benefits it currently promises.
[Read more...]Click for detailed story