In 1957, a dollar of debt produced $0.54 of additional income. No longer. Debt has increased more than twice as fast as the growth of the economy.
The German public has been strongly opposed to using their tax dollars to subsidize banks in other countries. Unless that changes, the EU might not survive.
It seems that there could be significant consequences if President Donald Trump fails to deliver after lifting spirits and stock prices so much.
If you believe the mainstream media’s hype, you probably think the EU is in crisis mode. But even amid all this turmoil, we find steady, if fragile growth.
America has a debt problem. That shouldn’t come as a surprise. Americans continuously told that debt is good. But these bad habits could bring the economy to a sharp and painful halt.
The largest generation in the U.S. — numbering 92 million strong — has only just stepped into the early phases of its ultimate buying potential.
The euro has been called an unmitigated disaster … a currency without a country. But you’re not getting the full story, and it’s that story that means the euro is safe, for a while at least.
If the wealthy feel confident about the future, they spend. And a close look at the details of luxury spending shows the situation isn’t as pretty a picture as the market is painting right now.
For those who believe it’s always darkest before the dawn, there are great long-term investments in countries that seem overwhelmed by bad news.