If you had an additional $10,000 what would you do with it? Would you set it aside in a low-interest savings account or would you invest a large sum of that money into the market? Well, if you’re in the majority then you’re likely to keep it out of the stock market. According to a … [Read more...]
Robert Shiller thinks bond, housing and stock markets may be in a bubble
Over the past several months, many leading economists and financial experts – even Federal Reserve Chair Janet Yellen – have concurred that there are various elements of the economy that are in a bubble or on the cusp of entering into the bubble phase. Some point to real estate while … [Read more...]
Canadian Employees in the Energy Industry Will Continue to Make More Money Than You
Canada’s rich energy sector is making its entire workforce a lot richer than other industries. A new study by Mercer released Monday found that the nation’s energy industry is projected to continue increasing salaries in Alberta and across the country into 2015. Workers in the … [Read more...]
10% of cancer survivors still smoke decade later
It seems cancer can’t even deter people from smoking. A new study has found that about 10 percent of cancer survivors are still smoking nearly a decade later. Study authors say that these survivors of cancer need assistance with letting go of the smoking habit and highlighted how … [Read more...]
50% of Americans are scared to take paid time off this year
Summer is a time when the livin’ is easy and families across the United States take time off of work and go on a holiday. This may seem like a scenario from the past because a considerable number of workers in the U.S. are forgoing the concept of vacation and instead staying at their … [Read more...]
1 in 7 Americans can’t afford basic food nutrition
Despite being in one of the most advanced and wealthiest nations in the world, millions of Americans cannot afford to consume basic nutrition and are forced to rely on government and charitable food programs to get by, according to a new report that is shedding light on the number of … [Read more...]
Russia imposes food sanctions on U.S. and other Western countries
Soon after the fall of the Soviet Union, Russians enjoyed the many food items that other countries export, such as delicious French cheese, scrumptious Canadian maple syrup and renowned Italian ham. Over the course of the next year, Russians will yet again have to do without. In … [Read more...]
Is it the end of optimism in the U.S.? Poll says yes
The American people have always been described as being optimistic. Whether the United States economy is in high gear or it is suffering the ill effects of bubble inducements, Americans usually remain optimistic that things will get better. But that level of positivity may be … [Read more...]
‘Dilbert’ creator Scott Adams: ‘The financial industry is the world’s biggest scam’
For years, we have been told that one of the best investments to make in the stock market is to pick the right investment adviser, someone who provides advice about securities and is then paid by the client. But some people are simply not big advocates for the investment adviser … [Read more...]
Industry experts urge consumers to avoid retail credit cards
It’s a common occurrence for anyone who has ever shopped at a department store. You’re walking around a clothing store, you see a nice looking pair of pants and decide to add that to your initial pursuit of seeking out socks. You have finished your trip and walk over to the cashier. … [Read more...]
‘Sandwich Generation’ delaying retirement to care for their parents
In today’s economy, it appears as if retirement has become a long forgotten concept, a desire to spend your winter years doing what you please, spending the fruits of your labor and completing a bucket list. For today’s Baby Boomers, however, they’re getting “sandwiched” and can’t … [Read more...]
FINTRAC regulations won’t be fully implemented until next year
Late last week, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a regulatory scheme for Money Services Businesses (MSBs) that work with bitcoin and other virtual currencies. The specifics are being discussed, but it’s believed that it won’t become … [Read more...]
CFPB report finds checking overdraft fees cost more than item purchased
More than one-third of Americans maintain an overdraft account because of forgetfulness and a paucity of funds. The average overdraft and non-sufficient fund (NSF) fees cost roughly $225 each year. A new report suggests that paying overdraft fees can actually cost more than the cost … [Read more...]
Tax-free weekend for back-to-school shopping coming up
If you’re gearing up for the busy (and expensive) back-to-school shopping season then perhaps you should commence this weekend and take advantage of the upcoming tax-free weekend that states, cities and counties are offering to consumers. It is estimated that families across the … [Read more...]
National security employees owe $730 million in back taxes
The Government Accountability Office (GAO), the congressional non-partisan watchdog agency, discovered that national security workers with high-level security clearance owe millions in unpaid taxes. In fact, nearly one-third (31 percent) of those workers already maintained tax … [Read more...]
Alan Greenspan says stocks are likely to see a ‘significant correction’
Former Federal Reserve Chairman Alan Greenspan believes some elements of the stock market, particularly those in equities, will see a “significant correction” and eventually experience a decline after soaring to record highs over the past couple of years. The 88-year-old Greenspan … [Read more...]
One-third of Americans facing debt collectors over unpaid bills
Although government statistics suggest that the economy may be improving, debt still remains an important factor in millions of households across the country. In total, U.S. household consumer debt is reaching $12 trillion, a number that has actually increased three percent from last … [Read more...]
Health will be biggest retirement expense, says future retirees
When we think of our days spent in retirement, we usually daydream about sitting in a boat with a fishing rod, traveling overseas or going camping with our grandchildren. However, the reality of it all is that it may be spent looking after our health, according to a new poll that … [Read more...]
Marc Faber: Social media stocks in a bubble, investors must diversify portfolio
The Federal Reserve’s aggressive monetary policy initiative of low interest rates and money expansion has created a lucrative environment on Wall Street that consists of bubbles and massive speculation. One of these sectors that has fallen victim is the technology industry, … [Read more...]
SEC names former Treasury, Fed adviser Mark Flannery as chief economist
The Securities and Exchange Commission (SEC) announced in a press release Monday that it has named Mark J. Flannery as the newest chief economist and director of the Economic and Risk Analysis division (DERA), a section that offers interdisciplinary scrutiny to help bring up to date … [Read more...]
