CNN-Money grabbed our attention with this headline recently: The International Monetary Fund (IMF) has sharply cut its economic growth forecast for Saudi Arabia. For years Saudi Arabia has been the world’s biggest exporter of oil, but now a severe budget crisis is forcing the oil rich nation to re-figure its finances.  With...
There are many economists and global financial strategists talking about the ever-expanding U.S. debt which is quickly approaching $20 trillion dollars. One of those experts is Peter Schiff, president and CEO of Euro Pacific Capital. He is an investment broker, investor, author, financial commentator, and radio personality. For the...
It has been said for years now that women usually tend to outlive their male counterpart.  With the U.S markets standing on shaky ground and global markets starting to stutter, it becomes apparent that rough times are ahead. It’s generally worth the time to take note that 9 out of...
Last week, the United States celebrated the 80th anniversary of the ratification of the Social Security Act, the law that created one of the most important government programs in our country today. The Act was a direct response to the economic disaster of the Great Depression. Unemployment surpassed 25%, forcing...
Even experts and investors accustomed to the volatile world of Wall Street had to admit that last week was a particularly worrisome time. The week started with the markets ending a seven-day losing streak on Monday, as the Dow bounced up 241 points. But the very next day, the index...
The financial story of the summer has been trouble overseas—specifically, a debt crisis in Greece and a market crash in China. But a story developing this week may have the greatest impact on United States markets and citizens. As of Monday morning, Puerto Rico officially went into default when the island...
If you tried to describe 2015 on Wall Street to this point, the best word might be ‘volatility.’ We’re not even at the end of July, and the Dow Jones Index has already fluctuated between positive and negative year-to-date numbers 21 times—an all-time record. But as inconsistent as the American...
While we celebrated our independence this past weekend in the States, Greece willfully entered what may be the most uncertain era in the long history of their country. In a result that shocked international experts—as well as the country’s European creditors—Greek citizens voted on Sunday to reject the terms offered...
The ongoing debt saga in Greece has reached its turning point—and it’s not likely to end well. Last week, a bailout deal between the Greek government and their European creditors appeared certain. But Prime Minister Alexis Tsipras abruptly broke off talks, causing the Greeks to miss their scheduled payment to...
Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again. The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...