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(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…

(CNN Money News) Donald Trump recently lavished praise on Larry Fink for growing the president’s fortune. But the BlackRock boss isn’t exactly returning the compliment. Fink warned on Wednesday he sees “a lot of dark shadows” that could rattle global markets in the coming months. That’s quite a warning, coming from the CEO of the world’s…