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Assume Crash Position: the Impending Stock Market Collapse

Monday, June 30th, 2014 and is filed under Uncategorized, Videos

Irrational exuberance. This is the term former Federal Reserve Board Chairman Alan Greenspan used to describe the stock market on December 5, 1996. It was a period when investors had seemingly lost all sanity. Few heeded his warning. Three years later, stock markets worldwide crashed, eventually wiping out $5 trillion in value, primarily in technology companies.

Enter 2014. On June 25, the Commerce Department announced the U.S. economy shrank by -2.9 percent. This is not only the worst GDP pace for the same three-month period since 2009, it marked the steepest downward revision from second revision estimates since records began in 1976. The announcement was preceded by a dip in consumer confidence. According to Gallop, fully 58 percent of Americans say the economy is getting worse. Read More

ACA (ObamaCare) could spell trouble for housing market

Monday, January 13th, 2014 and is filed under Safe Money Talk Radio Podcasts, Uncategorized, Videos

The Affordable Care Act, aka ObamaCare, has certainly been off to a rocky start––from a barely functioning website to premium sticker shock, from data security risks to dropped insurance coverage. Now, new data point to widespread trouble ahead in the housing market as a result of this wildly unpopular legislation, and many are asking where the fallout will stop. Read More