An influential Japanese “megabank” just flashed a major warning sign for the global economy… Nikkei Asian Review reports Bank of Tokyo-Mitsubishi UFJ (BTMU) is resigning as a “primary dealer” of Japanese government bonds (JGBs). Here’s how Treasury bond dealing works: Primary dealer banks buy government debt (bills, notes, and bonds) direct from the Treasury. The […]
I don’t know why more folks don’t generate safe income this way… PBRG’s options-selling service, Palm Beach Income, continues to rack up winning trades with double-digit income yields. Check out Tom’s latest subscriber update: Sometimes we capture our profits even quicker than planned… As you know, the first stage of every Palm Beach Income trade […]
Like a brilliant meteor crashing down, “Obamacare” continues to disintegrate… The state of Ohio just announced its insurance co-op is going out of business. Almost 22,000 Ohio residents will lose their coverage in less than 60 days. That makes 13 out of the health care law’s 23 co-ops now defunct. The remaining 10 co-ops reported […]
The South China Morning Post reports Chinese customs agents arrested a “surprisingly plump” man as he tried to leave the country. The “spare tire” around his waist turned out to be six hand-sewn inner pockets… holding $74,000 in U.S. cash. A Chinese man tries—and fails—to smuggle large amounts of cash out of the country. Chinese […]
From Mark Ford, founder, Palm Beach Research Group: Here’s one thing every wealth builder should know: When the return on your investment depends on some expected future outcome, it is inherently risky. When it’s based on two expectations—a future event and a time frame—the risk is exponentially greater. The application of a cautious intelligence can […]
It may be the biggest change—ever—to Americans’ financial “safety nets”… In a recent Wall Street Journal editorial, political scientist Charles Murray proposes scrapping the entire entitlement system (Social Security, Medicare, etc.) for something even more radical: universal basic income (UBI). Under his plan, every American over age 21 would receive monthly checks totaling $13,000 per […]
Want to save $200 billion a year in America? Ban cash. That’s the conclusion of a recent MarketWatch article. It featured the many ways the “global attachment to cash” hurts countries’ economies: Consumers pay to get cash from “non-native” ATMs (ATMs not affiliated with a person’s bank). Or they pay by driving all over to […]