When there’s no accountability, transactions are corrupt. It’s a breach in the social contract. Union leaders make a living on it. When was the last time you were asked to weigh in on teacher and public safety contracts in your city or town? I’m not talking about speaking up at a town meeting where votes were decided yesterday. I’m talking about sitting down at your kitchen table and going over the town budget. Are you bargaining with the unions leaders? Are local reps knocking on your door for advice or only when they want your vote? How about if you’re a teacher or police officer? Are … [Read more...]
Your Retirement Life: Run from Shiny Happy People
Let’s start with our bank of bad habits, shall we? The most common one I see is the annuity. How do they even get into a portfolio? I’ll tell you. “Well,” a prospective client might say, “I had a cousin who told me about that one.” Or, “It was sold to me years ago by some guy. I don’t remember his name.” Or, “My employer brought in this company to give us a presentation.” You get the idea. When investors are young and start making a little scratch, they don’t spend time researching investments. They’re too tired. They don’t have time. They trust who they’re talking with. Plus, the kids are … [Read more...]
RAGE Gauge™ July: Fortunes Are Being Lost in a Matter of Weeks
You’d never guess by the soaring stock market that we’re in a government-induced depression and that there’s rioting in the streets. My latest RAGE Gauge shows a nation on edge, savers penalized with a risk-free rate of no return, and government creating a Grand Canyon size gap between the haves and the have nots. Anyone see how this could turn ugly? If you were uncomfortable with your stocks in March and hung in there, it’s in times like these where you need to think about self-reliance and self-preservation. Fortunes are being lost in a matter of weeks. Is this the calm … [Read more...]
VIDEO: Max Weinberg (Bruce Springsteen Drummer) and Son Jay
Max Weinberg (Bruce Springsteen) and his son Jay Weinberg perform a mind-blowing duet at Guitar Center's 21st Annual Drum-Off Finals on January 8, 2010. … [Read more...]
VIDEO: Candace Owens Explains the Real Truth About George Floyd
Another Reason I don’t Like Municipal Bonds
The Federal Reserve has now become the lender of last resort to the nation's most mismanaged states and cities. This is just one more reason I don't like municipal bonds. Heather Gillers and Nick Timiraos report in The Wall Street Journal: The Federal Reserve said it would again broaden the number of local governments eligible for a new lending program as Illinois announced it would be the first borrower to access the facility. The central bank said Wednesday it would allow all 50 states to designate two cities or counties to sell debts directly to the central bank’s program, creating an … [Read more...]
20 Rounds of Buckshot Goodness is Exactly What the Situation Calls For
Here on Mossberg's YouTube channel, Jeremy Stafford introduces the company's 590M pump-action shotgun saying, "sometimes 20 rounds of buckshot goodness is exactly what the situation calls for." … [Read more...]
Florida Mayor Bans Gun Sales
The Mayor fo West Palm Beach, Florida, Keith James, banned the sale of all firearms and ammunition in response to the George Floyd riots. It's too early to tell if this move will be ruled unconstitutional, but at a time when Americans are buying guns at a record pace, James' move seems to go against the wishes of his constituents. Madeline Osburn reports in The Federalist: In declaring a state of local emergency due to riots and civil unrest in the city of West Palm Beach, Florida, Mayor Keith James banned all sales of guns and ammunition Sunday. He also declared all citizens are prohibited … [Read more...]
Your Retirement Life: Bankrupt in Two Weeks
When an investment sounds "too good to be true” we immediately know the refrain. Why then do investors get stuck in this trap time after time? Because it’s those who can’t afford to lose money who take the biggest hits. Which reminds me, by the way, who can afford to lose money? No one. When investors look for the market to do something for them, they are immediately placed on a slippery slope. When investors sell out of the market they now need Mr. Market to help them make up for their losses. Then, along comes an investment product with a fancy gimmick that appears to be fail-proof. And … [Read more...]
Police: When it’s Not Worth the Risk to Serve and to Protect
You’ve seen the liberal mess in blue cities and states where government goes wild. New York City is a mess thanks to Mayor De Blasio, and Gov. Cuomo won’t step in and get the job done. Great leadership. What will happen when police decide it’s not worth the risk to serve and to protect? Then what? “How many more nights like this before no one in America will serve as a police officer?” asks Tucker Carlson. From Fox News: "It's not worth it. The people in charge hate you. The job doesn't pay enough. At that point, who will enforce the laws? Who will be in charge? "Well, violent young men … [Read more...]
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