Here’s a summary of stories from this past trading week, with a link to the full articles online.
Reagan expert on Trump Budget: “No way!”
In May, President Donald Trump promised deep tax cuts without reducing federal revenue, a 10% hike in military spending without adding to the deficit, and so on. Wall Street rejoiced at what sounded like Neo-Reaganomics. Now Martin Weiss, Ph.D., explains why the true Father of Reaganomics believes the president’s playing a losing hand.
Passive Investments Plagued by Momentum
Individual investors have been deserting managed mutual funds for passive ETFs — and ruining the best-laid plans of brokers who want to call the shots. Jon Markman reviews what this means to you.
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| Americans have racked up nearly $20 trillion in debt. |
Soaring Debt Clobbers Future Growth
Unfortunately, racking up more debt has become commonplace in our current culture. For instance, over the last 10 years, U.S. debt increased 124%. And last month, that figure stood at $19.846 trillion. Mike Burnick sounds the warning for the debt tsunami.
Electronic “tokens” avert credit card fraud
Google and Apple provide new digital tools that help bank customers avoid credit card fraud and identity theft. Jon Markman reveals how the new technology will create a tidal wave of investment opportunities.
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Marijuana Industry Shaking Off Old Stereotypes
Branding-wise, the marijuana industry has been its own worst enemy, says Bill Hall. The marijuana merchants need to lose the cheesy, subculture clichés. And they need to focus on attracting classy, upscale, affluent customers.
The Week’s Hot News
Money and Markets columnists take a look at key financial and political events around the globe. Here are the week’s highlights:
Energy Stocks are Cheap and Hated: Time to Buy!
It’s been a tough year for energy-sector bulls. And a tradable bottom is fast approaching for energy-sector stocks, says Mike Burnick. He explains why here…
Economist: Happy Days Will Bust Again!
Financial crises are inevitable. And they open up a world of opportunities for investors who are prepared to profit from them, says Tony Sagami. So what do you do while waiting for happy days to come again?
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Fair warning: 100-year old chart predicts HALF of your wealth will soon be wiped out. Click here to read the free report every investor must read before it’s too late … |
Yes, We Have No Marijuana
In Nevada’s first four days of legal marijuana, weed sales generated $3 million in revenue and about $500,000 in taxes. So how can investors profit? Sin stock expert Sean Brodrick has the answer.
Time to Buy the Dip in Gold?
Precious metals expert David Dutkewych feels good about buying gold. But be careful because gold prices may get plenty volatile over the next few months. Click here for some concrete recommendations.
The Money and Markets Team
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Here we go again–an article pointing out (correctly) that private consumer debt has some major problems. And then a transfer to the “national” (federal) debt saying they’re the same. They’re not. The federal government cannot go insolvent so long as we borrow in our own currency (which we control), don’t peg to another currency or gold, and aren’t told not to pay by a debt limit that has no meaning. The federal government is unlike states, businesses, or private citizens: federal debt is a no-default asset to the holders.
Can you get that difference straight?