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Disasters Can Happen

Gold Stampede Imminent

Gold American Eagle Coin - Brilliant Uncirculated -by MN Gordon

Economic Prism

The mass impulse of a cattle stampede can be triggered by something as innocuous as a blowing tumbleweed.  A sudden startle, or a perceived threat, is all it takes to setoff this mass uncontrolled running.  Once the herd collectively begins charging in one direction it’ll eliminate everything in its path.

The only chance a rancher has is to fire off a pistol with the hope it turns the herd into itself.  If (Read More....)

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How to Cash In On the Economic Sweet Spot

Europeby MN Gordon

Economic Prism

By all accounts, the U.S. stock market is expensive. Not only is it hitting new nominal highs, its valuations are also off the charts. How can one tell?

Fortunately, there are several metrics to guide us. The Shiller’s Cyclically Adjusted Price Earnings (CAPE) ratio, for instance, is currently 27.5. That’s 65 percent higher than the CAPE’s long-term historical average.

What’s more, there have only been two occasions over the last 100 years that saw the CAPE at a higher valuation than today. One was during the late 1920s…right before the stock market crash. The other was the late 1990s…just prior to the popping of the internet bubble.

The Buffett indicator, which is a ratio of the total market capitalization over gross domestic product, also shows that stocks are significantly overvalued. The ratio currently stands at about 125 percent. A fairly valued market is a ratio somewhere between 75 and 90 (Read More....)

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Tilting the Odds in Your Favor

Tilting the Odds in Your Favor- Picture Credit Pixabayby MN Gordon

Economic Prism

Jim Rogers, renowned investor and author, is convinced agriculture will be a future economic boom area. He believes there will be further food shortages. He also thinks there will be opportunities for hard workers because no one wants to farm land.

“If you want to invest in agriculture, the best thing you should do is become a farmer,” said Rogers. “Buy yourself some land and become a farmer if you’d be any good at it – or even if you’d just be mediocre at it – because there’s going to be some fortunes made in agriculture and when an industry breaks full faith even mediocre people make a lot of money because everything is going right. Source- thedailybell.com

“So if you really want to make a lot of money, that’s the best way to do it. (Read More....)

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Forecasting for Dummies

Investmentsby MN Gordon Economic Prism

Peter Zoellner is Head of the Banking Department at the Bank for International Settlement (BIS). He holds a PhD from Vienna University of Economics and Business Administration. Over the weekend, he told the ACI Financial Markets Association congress in Berlin that the dollar’s share of central bank reserves may fall by 10 to 15 percent in the years’ ahead.

Yet not to worry about a thing, assures Dr. Zoellner. The reduced use of the dollar by central banks as foreign exchange reserves won’t threaten its world reserve currency status. This is a remarkable insight, indeed.

“It could happen that (Read More....)

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Safe Investment Losses

by MN Gordon Economic Prism

The Labor Department reported Friday that employers added 195,000 new jobs to their payrolls in June.  Nonetheless, the unemployment rate remained at 7.6 percent, as people entering the workforce subtracted out all job gains.  Still, markets were delighted.

The DOW closed the day up 147 points…and the S&P 500 increased a full percent.  But is this really a sign the economy is improving?

An ever so slight scratch below the surface of the headline number reveals a picture that is less sanguine.  The underemployment rate, which includes people who want to work but who have given up searching and those working part time who want to work full time, (Read More....)

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Money Smart: 5 Ways to Protect the Money You’ve Saved

Saving money is an important part of planning for the future preparing for unexpected events. Once you’ve got that money, you want to do all you can to protect that money. After all, it’s yours. By taking measures to protect the money that you saved, it is possible to prevent financial problems in the future and safeguard your money.

Review a Credit Report

A free credit report is available to every consumer each year. Taking the time to review the report will reduce the risk of identity theft and will catch a theft early if it occurs. Since identity theft can result in unexpected debts that someone else incurs, it is a good idea to review the credit report and check for errors. If an error occurs or accounts were opened by someone else, then it is important to (Read More....)

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Protecting Your Investment Is As Prudent As Saving

Sadly, the British lower and middle classes have lost their prudent saving mentality. The credit black hole is a testament to this sad fact. Only twenty years ago, we had even the very poor people saving money under their mattresses, but now it has all changed. The people from twenty years ago are senior citizens now, and have purchased their houses and are living on their pensions and savings. They have no reason to save anymore, because they are enjoying the fruits of their labour.

Our generation however are spending like there is no tomorrow for three very significant reasons.

1. We are not giving the younger generation prudent financial advice. We should be teaching people how to save money. How to protect their investments and how to make their money work for them and grow.

2. It is so easy to get into debt, that why should anybody bother saving up for a wedding and buy (Read More....)

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