Once in a great while… an accidental, unscripted TV moment yields incredible insight. This happened in a recent Bloomberg news clip. Four “talking heads” discussed the effectiveness of global central bank interventions. Then, out of nowhere, the show’s hostess mentioned the 1920-21 depression. That’s right… in 1920, the U.S. entered a sharp 18-month depression. And […]
Thursday morning saw a “black swan” event—something 100% unexpected—shake global finance. The Swiss National Bank (SNB) announced an immediate end to the Swiss franc’s artificial “peg” to the euro. Breaking the peg sent the value of the franc skyrocketing… and sent the Swiss stock market into an instant 15% “flash crash.” Swiss stock investors lost […]
In the Golden State, youth crime has plunged 30% since 2010. The number of high school dropouts is down 20%. So is the amount of youth drug overdoses. It’s thanks to a 2010 state law decriminalizing marijuana cases. And if you think marijuana is a “gateway drug”… non-marijuana drug arrests are down 23% over the […]
Most investors cower under current market conditions. But fear energizes one investor subset: our Jump Point Trader (JPT) subscribers. Volatility plays right into the strength of the JPT system. As Teeka Tiwari, chief analyst of the elite “momentum trading” service, wrote in a recent note… The markets are acting exactly how we want them […]
The 10-year U.S. Treasury note just reached its lowest yield in almost 20 months (1.837%). Yields have dropped about 20% in just three weeks… and the 10-year is approaching its all-time low of 1.404% (July 2012). The financial universe is afraid. U.S. 10-Year Treasury Yields Are Plunging The U.S. 10-year note is still known […]
The blog Wisebread recently tracked the 12 main habits wealthy people follow in their lives. Most of these will come as no surprise to regular Daily readers. It makes us wonder… is Wisebread a Palm Beach subscriber? 12 Things Wealthy People Do 1. Skip TV 2. Meditate 3. Exercise Regularly 4. Invest 5. Don’t Gossip […]
From Lindsey Hough, managing editor, the Wealth Builders Club: One of my student loan payments has an outstanding balance of $4,596.62. With an interest rate of 6.55%, my monthly minimum payment is $67.33. I plugged the numbers into a loan payoff calculator. Under my current, minimum-only payment plan, it would it will take me 86 […]