Archive for August, 2017

‘Supervolcano’ Alert – Not Just In Yellowstone

Courtesy of ZeroHedge. View original post here.

Authored by Robert Gore via Straight Line Logic blog,

Thar she blows!

Once every 600,000 years or so Yellowstone’s supervolcano erupts, making Mt. St. Helens, Pinatubo, and Krakatoa look like firecrackers. It blankets thousands of miles around it in lava and ash, casting a pall over the earth that lowers temperatures and hinders plant life for decades. Compared to Mother Nature we anthropogenic climate changers (if we are that) are pikers. Interestingly enough, that supervolcano is due for another eruption.

Interestingly enough, so too is another supervolcano, one constructed entirely by humans. As to which erupts first, bet on the latter.

Newton’s Third Law: For every action, there is an equal and opposite reaction. Coercion and violence generate a reaction, a countervailing pressure. They are historical constants, so like Yellowstone’s volcano, the pressure has been building for centuries, although not 6,000 of them. Like Yellowstone’s geysers, pressure-reducing steam has occasionally been released; coercion has abated and freedom briefly flowered. We know those periods as the times when progress mostly happened: the Renaissance, the Enlightenment, the Industrial Revolution. However, the twentieth century marked a resurgence of pressure.

Their intellectual degradation complete, the coercive class meets any manifestation of countervailing pressure with still more coercion. The most pathetic case is the US government. Left at a zenith of power at the end of World War II, it has squandered its moral, military, and financial capital trying to squelch the forces that will inevitably topple its empire. After each disaster, it has sought new disasters. President Trump’s tripling down on Bush’s and Obama’s Afghanistan bets is yet another instance of the belief that force which fails can be “fixed” with more force.

The reactive opposites are decentralization and individual autonomy. Individuals now have unprecedented capacities to wage violence, communicate, and compute. Since World War II governments are batting virtually zero trying to suppress insurgencies waged by guerrillas fighting on their home turf.

Try as they might to suppress the Internet, they can’t go too far without severing their economies from the backbone of the information economy. Individuals perform computing feats on their smart phones that were beyond the capabilities of room-size computers fifty years ago.


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4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders

Courtesy of ZeroHedge. View original post here.

- 4 reasons why "gold has entered a new bull market" – Schroders

- Market complacency is key to gold bull market say Schroders

- Investors are currently pricing in the most benign risk environment in history as seen in the VIX

- History shows gold has the potential to perform very well in periods of stock market weakness (see chart)

- You should buy insurance when insurers don’t believe that the “risk event” will happen

- Very high Chinese gold demand, negative global interest rates and a weak dollar should push gold higher

This week gold broke through the key resistance of $1,300. For some time market commentators have been signalling this level as the point of entry for a new bull market.

Often price can be distracting when it comes to trying to figure out what is going on. Two Schroders fund managers called the new bull market in gold about a week before the price broke through the key level.

Gold has entered into a new bull market. As we have discussed previously, there are four main reasons for our stance:

  1. Global interest rates need to stay negative
  2. Broad equity valuations are extremely high and complacency stalks financial markets
  3. The dollar might be entering a bear market
  4. Chinese demand for gold has the potential to surge (indeed, investment demand in China for bar and coin already increased over 30% in the first quarter of 2017, according to the World Gold Council)




Russia Responds: “The US Has Declared The Hot Phase Of Diplomatic War”

Courtesy of ZeroHedge. View original post here.

Just minutes after Russia was given 2 days to implement today's decision by the State Department, shuttering Russia’s consulate in San Francisco, California and two diplomatic annexes in Washington, DC and New York City, in "the spirit of parity invoked by the Russians", the Russian responses started coming in, and they were not happy. 

Russia's foreign minister Sergey Lavrov was first on the tape, saying he  “expressed regret about the escalation of tensions in bilateral ties”, noting "it wasn’t Russia that started the escalation."

Lavrov told Tillerson that Moscow would "closely study" the new US measures and would inform Washington of its reaction in due course. Ironically, earlier in the day the US said that it "is prepared to take further action as necessary and as warranted,”even as the State Department prompt tweeted that the "US hopes to avoid further retaliation & move forward with improved relations & cooperation with #Russia"

US hopes to avoid further retaliation & move forward with improved relations & cooperation with #Russia https://t.co/M3frokDACn

— Department of State (@StateDept) August 31, 2017

To be sure, former US ambassador to Moscow and vocal Putin critic, Michael McFaul, was skeptical:

Let's see. https://t.co/zkIWW51zdF

— Michael McFaul (@McFaul) August 31, 2017

And judging by the immediate outpouring Russian reactions, he has every right to be. According to AP, the newly arrived Russian ambassador to the US invoked Vladimir Lenin in saying Moscow will carefully consider its response to the latest US diplomatic escalation: Anatoly Antonov flew into Washington on Thursday, hours after the State Department’s announcement of the closure.

Russian news agencies quoted him as saying: “We have to act calmly and professionally. Speaking like Lenin, we don’t need hysterical impulses,” citing a Lenin maxim.

But the heavy artillery was as usual relegated to domestic Russian politicians:  Leonid Slutsky, head of the Russian Duma’s foreign affairs committee, accused the U.S. of a sharp escalation in diplomatic tensions.

Slutsky, one of the top Russian diplomats, was quoted by Russian news agencies as


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Coalition Against Google Provides Agenda Outline and Update

By GlobeNewswire. Originally published at ValueWalk.

SAN DIEGO, Aug. 31, 2017 (GLOBE NEWSWIRE) — Max Sound Corporation (MAXD) (OTC:MAXD) provides the following update to its Coalition’s Agenda against Google, Inc.

The Coalition provides a summary of the eight primary focus areas it is pursuing within its members/victims complaints.

“We have discovered that the disputes and issues with Google have typically fallen into eight major categories,” said John Blaisure, Max Sound’s CEO, “so the Coalition is focusing on bringing these key issues to light. The following categories create many more questions than answers. Stakeholders, worldwide, deserve to know the truth about Google’s bad practices. In future updates, we will be representing the world’s countless victims’ interests. Together, we are stronger.”

  1. Theft of Innovation
    Patents, Trade Secrets, Trademarks, Copyrights, Business Models
    1. The moonshot that missed – Did Google X steal this famous architect’s life’s work?
         https://www.theverge.com/2015/2/17/8048779/google-x-eli-attia-lawsuit-flux-architecture
    2. These Post-Its Show Google Scheming to Steal Trade Secrets
         http://valleywag.gawker.com/source-these-post-its-show-google-scheming-to-steal-tr-1640358982
    3. Patent Office Admits to Stacking Judges to Manipulate IPR Decisions
         https://www.smithhopen.com/news_detail/670/Patent-Office-Admits-to-Stacking-Judges-to-Manipulate-IPR-Decisions
  2. Search Result Manipulation
    The public can no longer trust Google’s search results.
    1. The search engine manipulation effect (SEME) and its possible impact on the outcomes of elections
         http://www.pnas.org/content/112/33/E4512.full.pdf?with-ds=yes
    2. How did Google become the internet’s censor and master manipulator, blocking access to millions of websites?
         https://www.usnews.com/opinion/articles/2016-06-22/google-is-the-worlds-biggest-censor-and-its-power-must-be-regulated
  3. Privacy Theft and Personal Privacy Theft
    Anyone using Gmail, Google Docs and Android gave up personal privacy.
    1. Google engineers knew for TWO YEARS that the company’s Street View cars were stealing emails and passwords via wi-fi
         http://www.dailymail.co.uk/sciencetech/article-2137145/Google-KNEW-harvesting-emails-passwords-Street-View-drive.html
    2. Google Accused of Spying on Students Using Chromebooks
         http://philadelphia.legalexaminer.com/class-action/google-accused-of-spying-on-students-using-chromebooks/
    3. How Google Spies on Your Gmail Account (And How To Stop It)
         http://gawker.com/5800868/how-google-spies-on-your-gmail-account-and-how-to-stop-it
  4. Fake Advertising Traffic
    Google admits to Ad Fraud and claims to pay back a tiny fraction of its related revenue to select advertisers.
    1. Google Issuing Refunds to Advertisers Over Fake Traffic, Plans New Safeguard
         https://www.wsj.com/articles/google-issuing-refunds-to-advertisers-over-fake-traffic-plans-new-safeguard-1503675395

  5. System Fixing and Election Manipulation
    1. The Android Administration – Google’s Remarkably Close Relationship with the Obama White House, In


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Who Is Winning The Food Delivery War?

Courtesy of ZeroHedge. View original post here.

By Priceonomics

There are more options to get food—as in the kind you eat at home rather than at a restaurant—than ever before. 

Sure, there are traditional brick-and-mortar stores, like Costco and Trader Joe’s. But in the last decade there’s been a boom in food services that can be managed through a digital app.

Depending on where you live in the country, you can get groceries delivered through platforms like Instacart or Amazon Fresh. You can order all the ingredients you need to cook a meal with meal kit services like Blue Apron. Or, you can feast on ready-made meals from the likes of Thistle and Munchery. You might even get your favorite General’s Chicken delivered on Seamless or GrubHub a few times a week.

In this stacked market, which services do people favor?

We analyzed data from Priceonomics customer Earnest, a loan provider, looked at anonymized data from tens of thousands of loan applicants to answer a number of questions about this space: How does spending vary by service? Across sectors, are they any real differences between customers? And which companies, in particular, dominate each space?

We analyzed 2.5 million transactions between January 2016 and August 2017, categorizing by types of services that generally reflect how people consume food at home, rather than eating outside the home in an establishment. The data does not include restaurant transactions. It should be noted that our data, drawn from loan applicants may reflect a younger demographic than the national average. The average age in our data set is 32.

We found that 90% of the overall “eating in” food spend is still at a traditional grocery store. Among grocery delivery, the overwhelming market leader among startups is Instacart. For meal prep, the clear market leader is Blue Apron. 

Men are marginally more likely to visit a grocery store while women are more likely to use grocery delivery and meal-prep services. People in New York, California, and Washington, D.C. order food delivery at rates up to 328% higher than average and a combined AmazonFresh+Whole Foods are poised to make up 14.6% of spending among this demographic, mostly through


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August Payrolls Preview: Prepare For Disappointment

Courtesy of ZeroHedge. View original post here.

If there is one common theme across sellside previews of tomorrow's nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall Street parlance, "downside risks." And it's not because of Harvey which hit the US far too late in the month to be reflected in the monthly payrolls.

The simplest reason for tomorrow's miss is shown in the following Morgan Stanley chart, which predicted the July 209K print with dead-on precision, and which extrapolates the recent Y/Y slowdown in job growth to only 136K jobs in August (which, in the current "bad news is good news" environment, should be sufficient to send stocks to new all time highs as it will mean an even greater delay by the Fed).

In addition to the base effect, there are several other notable reasons why tomorrow's job report will likely be a dud, among which i) the recent slowdown in both the manufacturing ISM and today's Chicago PMI prints; ii) construction job growth is expected to hit a brick wall, while mining and energy job creation has once again slowed down as shale appears to have peaked; iii) last month's unexpectedly strong print was largy due to a one-time surge in leisure and hospitality jobs which is not expected to persist…

… and finally August payrolls have historically been the softest of any other month in the year.

The good news is that even if the payrolls number is a major disappointment, Wall Street – and the Fed – will be far more interested in the average hourly earning number, although here too the risk is for disappointment, as today's Personal Income and Spending report showed, specifically the ongoing slowdown in both private and and government worker wages, both now below last month's 2.5% Y/Y increase in AHE according to the BLS.

But the best news, for stocks at least, is that while a good payrolls and wages number will send stocks higher, while Treasurys selloff, on "confirmation" of the Fed's tightening bias, a miss for both categories will


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Mish Mailbag: How Can My “Sidelines Dad” Get in the Market Safely?

Courtesy of Mish.

Reader Larry wants to know what advice I can give to his dad, sitting on the sidelines since 2009, waiting for the DOW to hit 6,000 which never happened.

Image from Why sitting on the sidelines in life — and investing — can be a big mistake.

Sitting on the sidelines in life is indeed a mistake.

But ask those who chased real estate in 2007 or dotcom companies in 2000 about investment mistakes.

Better yet ask Japanese Nikkei investors still hoping to get back to even after three decades. Contrary to near-universal disbelief,  that can happen here.

How long is your time horizon?

Larry writes:

Hi Mish,

Please do a story on how older people like my dad 68 can re-enter the stock market to balance out his portfolio at the next 40% bottom. He has had a war chest of $5 million to put in equities in 2009. He picked 6000 on the Dow as a starting point which proved greedy. At 6700 it got close but he thought it would be a dead cat bounce. He did not understand how QE would cause zero interest rates and allow companies to refi their debt and show more profits.

So far he has been willing to be patient and not chase yield. He is surprised how long the low-interest rate environment has lasted. He did not think he would have another opportunity but now he thinks he might. He also has money set aside to buy more real estate but the low caps and retail and office weakness have kept that in his pocket too. He missed the apartment rent increase play.

What would you have told people like him to do in 2009 and what would you tell them to do when the market gets whittled down slowly vs 1929, 2000, 2009? I Hate to see him do the wrong thing at his age.

Probably a lot of your readers are like him conservative to a fault.

Happiness = Wealth

For starters, it seems like your dad has $5 million. How bad can that be?


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DHS Selects 4 Contractors To Build Prototypes For Trump’s Border Wall

Courtesy of ZeroHedge. View original post here.

The Department of Homeland Security has finally reached a decision in the long-delayed process of selecting contractors who will build prototypes of President Donald Trump’s promised border wall. The department announced Thursday that it has selected four contractors to build wall prototypes, and that construction is slated to begin this winter, according to CNN.

The announcement comes after the Government Accountability Office on Friday dismissed a complaint filed by contractors who claimed their bids had been passed over, allowing DHS to move forward after the complaints had threatened to delay the selection until November.

Customs and Border Protection's acting Deputy Commissioner Ronald Vitiello announced that the designs will be constructed along the San Diego border. Four companies will be doing the building: Caddell Construction Co (DE), LLC, of Montgomery, Alabama; Fisher Sand & Gravel Co., DBA Fisher Industries, of Tempe, Arizona; Texas Sterling Construction Co., of Houston, Texas; W. G. Yates & Sons Construction Company, of Philadelphia, Mississippi.  

The government made two requests when it asked for bids: Designs for a 30-foot concrete wall, and anything else. The latter design plan will be revealed next week, CBP said.

According to CNN, construction on the wall prototypes was delayed after the shunned contractors filed protests about the decision back in July. The original plan had been to start construction in June.

However, further delays could ensue if bidders who weren’t selected choose to file complaints, the CBP said.

‘CBP did note that once contracts are awarded, companies will have another opportunity to protest, which could add further delays. Nevertheless, CBP said ‘we are confident in our processes, and we will proceed deliberately, to ensure compliance with the law.’”

The new designs that were selected will be added to the CBP’s “menu” of options for the wall.

“The prototypes will ‘help us create a 'design standard' for operational walls,’ CBP said. ‘The new designs would be added to our menu of existing designs, and allow us to tailor a specific wall design to the unique demands of individual areas of the border.’”

The money for the process came from $20 million that


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Irma Turning Into Monster Hurricane: “Highest Windspeed Forecasts I’ve Ever Seen”

Courtesy of ZeroHedge. View original post here.

Hurricane Irma continues to strengthen much faster than pretty much any computer model predicted as of yesterday or even this morning.  Per the National Hurricane Center's (NHC) latest update, Irma is currently a Cat-3 storm with sustained winds of 115 mph but is expected to strengthen to a devastating Cat-5 with winds that could top out at 180 mph or more.  Here is the latest from the NHC as of 5PM EST:

Irma has become an impressive hurricane with intense eyewall convection surrounding a small eye.  Satellite estimates continue to rapidly rise, and the Dvorak classifications from both TAFB & SAB support an initial wind speed of 100 kt.  This is a remarkable 50-kt increase from yesterday at this time.

Irma continues moving west-northwestward, now at about 10 kt. There has been no change to the forecast philosophy, with the hurricane likely to turn westward and west-southwestward over the next few days due to a building ridge over the central Atlantic.  At long range, however, model guidance is not in good agreement on the strength of the ridge, resulting in some significant north-south differences in the global models.  I am inclined to stay on the southwestern side of the model guidance, given the rather consistent forecasts of the ECMWF and its ensemble.  In addition, the strongest members of the recent ensembles are on the southern side on the consensus, giving some confidence in that approach.

FORECAST POSITIONS AND MAX WINDS

INIT  31/2100Z 17.3N  34.8W  100 KT 115 MPH

12H  01/0600Z 17.8N  36.2W  105 KT 120 MPH

24H  01/1800Z 18.2N  38.3W  105 KT 120 MPH

36H  02/0600Z 18.3N  40.7W  105 KT 120 MPH

48H  02/1800Z 17.9N  42.9W  105 KT 120 MPH

72H  03/1800Z 16.8N  47.5W  110 KT 125 MPH

96H  04/1800Z 16.0N  52.0W  115 KT 130 MPH

120H  05/1800Z 16.5N  56.5W  120 KT 140 MPH

As of now, Irma remains in the far eastern Atlantic ocean and is moving west at roughly 11.5 mph.  Based on current projections, the storm will make its first landfall in the eastern Caribbean sometime toward the middle of next week.

IRMA

Longer term computer models


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Stealing From Taxpayers Won’t Help Harvey Victims

By The Sovereign Investor. Originally published at ValueWalk.

  1. At most times, we humans would rather not hear unwelcome news.

A friend met for lunch with Winston Churchill, and began conversation with: “Have I told you about my grandchildren lately?” Churchill replied: “No, you have not, and I appreciate that greatly.”

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Hurricane Harvey harvey storm why us wasnt prepared

Free-Photos / Pixabay

For days, the nation has focused on the frightening destruction wreaked by Hurricane Harvey. While the unprecedented flooding and suffering in Texas deserves our attention and help, there is a real and dangerous analogous threat: the perfect storm brewing within the U.S. financial system.

Unless President Donald Trump and Congress act by September 30 to raise the national debt limit and adopt a budget, America faces the chaos of a government shutdown and default, a repeat precursor of an even more widespread storm awaiting us.

Under President Barack Obama in 2013, we experienced a similar storm that paralyzed the federal government for 16 days, upset markets, slowed the economy, and harmed millions of businesses and citizens.

There is an unscheduled and even greater approaching whirlwind that America’s “leaders” have refused to remedy for decades — the fact that the government of the United States is bankrupt.

An Apt Warning

Congress returns from recess on September 5 facing multiple action deadlines on popular programs, the budget and the debt.

“No man’s life, liberty or property is safe while the legislature is in session.” That’s from a New York state judge, Hon. Gideon Tucker, in an opinion way back in 1866. The prescient judge was referring to long-ago lawmakers in Albany — but that indictment is an apt warning when applied to the chaos, confusion and disunity in the nation’s capital.

A federal budget must be in place by October. Prodded unexpectedly from above, as Harvey pounded Texas and Louisiana, Congress faces reauthorization of the National Flood…
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Zero Hedge

Schiff: Negative Interest Rates Are "Boneheaded"

Courtesy of ZeroHedge View original post here.

Via SchiffGold.com,

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. This week, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.

In his podcast, Peter Schiff said negative interest rates are boneheaded. ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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