MarketWatch featured a story titled “Seven Years of Wealth Gone.” Here are some highlights: The nest egg of the typical American family is smaller now than it was seven years ago, according to Federal Reserve data released Thursday. The inflation-adjusted net worth of the typical family increased 17.7% to $120,300 from 2004 through 2007, the Fed said Thursday in its …
An Economic Reset
The last couple of days I talked about the long-term impact of last year’s market collapse. The dark side of the burst credit bubble will be with us for a long time and most people have no idea yet how their lives will be changed forever. Wishful thinking by the Fed and the government that we can continue with a …
Sunday Musings: Can’t Please All The People All Of The Time
It’s very rare that I get any comments on my blogging efforts in general and not just on specific articles. This week was different as reader Larry sent in this courteous critique: I have a lot of respect for you and your work and enjoy your weekly FREE letter, but lately I am losing interest in your blogs. I am …
Reader Q&A: Inflation Or Deflation?
Many readers are concerned about the long-term consequences of the stimulus package and the various bailout programs. Reader Chris had this to say: Great posting of the comment on the car maker bail-out. My sense is that Washington is not really getting at the depth of the problems, and that there are two possible bad outcomes ahead: A massive “deflationary …
No Load Fund/ETF Tracker updated through 2/12/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDisappointment over the lack of specifics regarding a banking rescue pulled the major indexes down. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -9.29% thereby confirming the current bear market trend. The international index now remains -17.28% below its own trend line, keeping us …
Zigzagging Higher
After Tuesday’s sharp drop, the major averages tried to find some footing yesterday from which to move higher. It turned out to be a see-saw day, but we ended up slightly to the upside much to the relief of many investors. We now have to wait and see if these levels hold or if we are heading further south again. …