Evidence That Oil Limits Are Leading To Limits To GDP Growth

The usual assumption that economists, financial planners, and actuaries make is that future real GDP growth can be expected to be fairly similar to the average past growth rate for some historical time period. This assumption can take a number of forms–how much a portfolio can be expected to yield in a future period, or how high real (that is, net of inflation considerations) interest rates can be expected to […]

Zero-down mortgage initiative by Bush is hit (troll’s zot is an even bigger hit)

President Bush’s weekend campaign promise that he will push legislation allowing for no money down on some federally insured mortgages could cost taxpayers as much as $500 million over four years because of a higher rate of defaults, according to the Congressional Budget Office.

The election-year idea may appeal to those who can’t save as fast as home prices are rising. But some financial planners warn that increasingly common no- […]

Howard Gold: Don’t count on stocks as an inflation hedge, over the long run, equities aren’t an inflation answer. I’d keep 40-50% in stock, 20-30% in bonds and another 10% in cash. That way you’ll have some protection against inflation, deflation and just normal life.

By Howard Gold

NEW YORK (MarketWatch) — You’ve heard it so often you can probably repeat it in your sleep: Equities are the best protection against inflation.

Financial planners say it. Money managers say it. Pundits and gurus say it. Without a nice chunk of equities in our portfolio, we are told, inflation will ravage our net worth and we may not have anything left for our […]

Steve Jobs’s heirs’ slapped with $867m tax bill


Steve Jobs and his wife Laurene Powell are seen at the Academy Awards in 2010.

When Steve Jobs died last month, he left $6.78 billion of stock in both Apple and Disney presumably to his wife and family. His widow, Laurene Powell Jobs, may not have a better time to sell off the billions of stock and avoid $867 million in capital gains taxes.

Financial planners told Bloomberg […]

Mike Maloney: The Greatest Bubble in History Is at Our Doorstep

By Jeff Clark, BIG GOLD

It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney – founder of GoldSilver.com – is convinced that we’re in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG GOLD and am sharing some of what we talked about here. You may be shocked at what […]

Warning: 91% of America’s financial planners are pushing clients into riskier investments, according to a new Financial Planning Association study on “Alternative Investments.” – which is exactly the kind of investments that triggered the 2008 meltdown – Paul Farrel

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Warning: 91% of America’s financial planners are pushing clients into riskier investments, according to a new Financial Planning Association study on “Alternative Investments.” Get it? In today’s highly volatile markets advisers appear to be running as scared as their clients, chasing risky returns.

Why? Likely these advisers can’t justify their fees, so they’re playing the alternatives market: “commodities, […]

Temp Funding, Threat of Govt Shutdown Forces Fed Agencies to Trim

As Congress inches its way closer to a final deal—or a government shutdown—over 2011 spending, federal agencies have already been forced to make do with less and prepare for the worst.

Thanks to the three short-term government funding bills that have passed since the start of fiscal 2011, federal agencies have been required to fund their year-long budget in pieces, instead of planning for a full year of spending. […]