Teaching Money Management Through Self-Responsibility
In the past, I’ve strongly advocated for families to introduce their teenagers to financial reality as early as possible. I know that in my own case, I went off to college with almost no idea of how to manage my money and it really showed in the spending decisions I made over the next ten years... Continue Reading
Submitted ByBill Luby
As far as I can tell, I have not yet posted about the use of Bollinger bands in conjunction a rate of change (ROC) indicator to identify volatility breakouts. In summarizing the action in the VIX over the course of the past two weeks, the chart below captures some of the drama in terms of 10%...
Submitted ByTrent Hamm
In the past, I’ve strongly advocated for families to introduce their teenagers to financial reality as early as possible. I know that in my own case, I went off to college with almost no idea of how to manage my money and it really showed in the spending decisions I made over the next [...]...
Submitted ByTim Price
“Alternative 1: on average there is more than one ownership claim on each gold bar conforming to London Good Delivery.. Essentially, the market operates on a fractional reserve basis.. If it is true, the next phase in the gold bull...
Submitted ByJim Picerno
Today's update on October's employment status is neither surprising nor encouraging. The U.S. economy is still bleeding jobs, but that's hardly shocking at this point. It's been clear for some time now that the risk of a jobless recovery is...
Submitted ByTim Iacono
The Labor Department reported that the unemployment rate in the U.S. hit its highest level since March of 1983, rising from 9.8 percent in September to 10.2 percent in October, as nonfarm payrolls saw a net decline of 190,000.During the early 1980s recessions, the jobless rate peaked at 10.8...
Submitted BySal Mangano
How awful was today's non-farm payrolls report?
Let's start with the bad news:
Nonfarm payrolls for October fell 190,000, which is worse than the decline of 175,000 that had been widely forecast.
Job losses for the previous month were upwardly revised to reflect nonfarm job losses of...
Submitted ByTrent Hamm
I love cooking at home.
I used to hate cooking at home, though. I was awful at it. I burnt things. I messed up scrambled eggs beyond all recognition.
But over time, I got better at it. I started figuring out lots of little things that made the entire process smoother and made [...]...
Submitted ByMark McQueen
Leave it to a Kuwaiti cabinet minister to tell us like it is!
I had the good fortune of attending a luncheon yesterday hosted by law firm BLG. The guest of honour has Ahmad R. Al-Haroun, Minister of Commerce & Industry for Kuwait. He was a very personable and experienced man, just [...]...
Submitted ByPrieur du Plessis
Long-term bond indicators have just reversed course for the first time since a buy signal was given at the beginning of 2007 and now indicate a primary sell signal. Read on...