Last week Jamie Dimon, the larger than life CEO of U.S. banking giant J.P. Morgan Chase, raised serious threats to the global economy that you should be paying attention to now. The legendary investment banking mogul stated that geopolitical hot spot tensions and climbing interest rates have the potential to upset the U.S. economic growth. Dimon attracted the attention of global media with his declaration: "The economy is still very strong, and that's across wages, job creation, capital expenditure, consumer credit; it's pretty broad-based and it's not going to be diminished immediately. I was pointing out the probabilities that I… Read More

The news coming out of Argentina these days certainly gives you pause for thought. The current inflation rate is 42 percent. Compared to Venezuela's hyperinflation, that is nothing. Economists have opined that it is simpler to learn from a national economy in dire trouble than your own economy that at least on the surface (according to all of the  major media news outlets) appears to be going stronger and better than ever. The truth about the American economy though is more complex and a little sad. The United States reached its final economic peak back in the decade of the… Read More

These past weeks a new report came out regarding the public finances of the various American states. Apparently it is no longer only the U.S. Federal government that is bankrupt (in debt more than 100 percent of GDP right now and getting worse by the day). Now the overwhelming majority of the states are also drowning in hopeless red ink. What the Truth in Accounting annual State of the States report shared for 2018 is not encouraging for the future of financial markets in the United States. It explains why you need to contemplate what goes in a Regal IRA. Nowadays Gold… Read More

If you have seen the news lately, you can not help but notice that China increasingly appears to be in trouble economically. There are more reasons for this than simply the tightening screws of the U.S.-China trade war. Many of China's problems come from it's continued reliance on investments in infrastructure. Such investments represented a full 44 percent of the country's GDP back in December of 2017. Compare this to from 20 to 25 percent in nations including the U.S., Germany, and Japan, per economic figures assembled by CEIC. This has become a serious problem for the Middle Kingdom as… Read More

A recent Forbes article summed up everything about the financial markets and uncontrollable debt situation in the United States today: "Ten years have passed and the idea that we have learned our lessons seems at best quaint and at worst laughable... One of the most basic lessons not learned is that a massive buildup of debt tends to end in a serious financial crisis. Even a small liquidity event that gets in the way of rolling over higher and higher amounts of debt eventually brings down the whole edifice." This is far from an only American or recent 2008 crisis… Read More