There are lessons from the 2008 – 09 Recession that the banking industry should have taken note of to prevent future lending errors. But it looks like those lessons were ignored, and history may naively repeat itself.
With the economy at levels of uncertainty not seen since 2008, it’s crucial for Americans to buffer their income. But the recent government shutdown revealed most Americans don’t have enough savings to get them through the tough times.
Forbes’ Rainer Michael Preiss sees multiple factors in the U.S. that are shining a spotlight on gold as safe money. See what’s causing gold’s bullish turnaround in this week’s News to Know.
The U.S. economy may be growing, but the sustained annual deficit exceeds $1 trillion. Both debt and deficit spending may be spiraling out of control, and come March, the debt crisis could come roaring in like a lion.
Some experts believe Social Security could run out by 2034, others believe it’s broke now. The experts are uncertain about Social Security’s future, but it proves one thing is certain about the system.
According to Reuters columnist Clyde Russell, there are 3 factors that propelled gold to its all-time highs between 2008 and 2011. See why he says these 3 factors may be making a comeback in this week’s News to Know.
According to a controversial index, middle class Americans have lost half of their buying power. If that’s the case, “real” inflation could steal all of your wealth if you don’t consider hedging your bets with gold as insurance.
The pension crisis has been escalating for quite some time, and accounting for pension shortfalls seems next to impossible for state governments. But another problem may be spelling the beginning of the end for public pensions altogether.
After a volatile December across the board, Goldman Sachs sees gold even more appealing in 2019. See why they’re optimistic about the metal in this week’s News to Know.
Apple’s revenue took a major hit, and the trade war with China could be to blame. This hit could be a “canary in the coal mine”, signaling what’s to come if this trade war escalates.
