Like many others, we keep watching the jittery European economic scene with a mixture of anxiety and fascination. From Greece and Ireland to Spain, Portugal and, most recently, Italy, the specter of sovereign debt default and its potentially horrific consequences continues to haunt Europe and the wider world beyond.
With the U.S. and Europe looking less attractive, investors naturally need to start looking at some emerging markets. The Asian healthcare market has tremendous growth potential in the next decade (and most likely beyond that). However, few people are aware of the exciting opportunities there.
Bank of America Corp. may soon agree to pay an $8.5 billion settlement to investors who lost money in the housing collapse, which would be the largest such settlement by a financial-services firm to date. “A settlement would end a nine-month fight with a group of 22 investors who hold mortgage-backed securities originally valued at $105 billion, including the giant money manager BlackRock Inc., the insurer MetLife Inc. and the Federal Reserve Bank of New York,” The Wall Street Journal reported.
The world economy is in a very fragile state, despite the fact that world gross domestic product is growing at a rate of about 4.3 percent this year. Most of the growth comes from emerging markets like China, Brazil and India. What differentiates these nations from the West is they typically have much lower levels of debt.
Do you still recommend Swiss annuities? Do we have to report them to the Internal Revenue Service beginning June 30, 2012? An IRS tax consultant I talked to said I do. The IRS tax consultant also said I owe an excise tax on the Swiss annuity. If this is correct, do you have any information on how to figure that or know someone who does?
A lot has been written about commodities and precious metals in the recent past. While some investors believe that we are in the middle of a super cycle for commodities and precious metals, others think that there is already too much speculation built into current prices; that we are in a speculative bubble that will have to burst eventually.
On Friday, Gallup released the results of a new poll showing that a majority of Americans are against raising the debt ceiling.
The Federal Reserve has presided over the death of the dollar, which is now in its final spiral. When the Federal Reserve opened in 1914, an ounce of gold equaled $18.99. Today, it takes more than 1,500 fiat dollars to buy that same ounce. In 2008, the banking industry became a shambles thanks to the bursting of the housing bubble, which had been created by the Fed’s easy-money policies.
Which investments have outperformed gold and silver in the last five years? A lot of investors are currently investing in precious metals, and gold and silver are especially popular. While this is in our view certainly a smart move, we feel that investors need to look beyond gold and silver and broaden their investment horizon. Read this article for some alternatives to precious metals…
Now that my colleague Porter Stansberry has made national news with his dire "End of America" video, I’m hearing a major question over and over… To paraphrase a hundred emails, the question goes: If you guys are right about the "End of America" prediction and a currency crisis, why on Earth would you recommend investing in U.S.-based stocks?