Archive for March 2017

(Market Oracle) Jeff Thomas writes: Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the…

(Personal Liberty Digest) When an individual goes bankrupt, he has spent more than his income. His debts and the interest on those debts exceed all the income he has to such a degree that they are beyond his ability to repay. Most people believe that national governments go bankrupt because they spend too much or…

(CNNMoney) It might be time for Wall Street’s relentless Trump rally to finally take a breather. The Dow has surged 13% since President Trump’s election, but a growing number of investors are worried stocks have gotten ahead of reality. Among fund managers, 34% say stocks are “overvalued,” according to a Bank of America Merrill Lynch…

(Bloomberg News) Fidelity Investments plans to convert its largest money fund into one that almost only buys securities issued or backed by the U.S. government after regulators imposed restrictions last year. Fidelity is proposing that the $111.5 billion Fidelity Cash Reserves fund invest at least 99.5 percent of total assets in cash, government securities or…

(CNN Money) Bond guru Bill Gross is pulling a Flavor Flav. He’s telling people to not believe the Trump hype. Gross, formerly one of the top dogs at fixed income powerhouse PIMCO and now a fund manager with Janus, wrote in his most recent monthly outlook that investors are too excited about Trump. He thinks…