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The
world's ruling elite expected the June 23, 2016 United Kingdom Brexit vote to
fail. Investors who believed these elitists were shocked when this referendum
won by 52-48 percent, launching a countdown to separation between the UK and
European Union. This triggered a worldwide seismic shockwave that on Friday, June
24, wiped out more than $2 trillion from global markets. If these investors had
heeded the advice and warnings that monetary expert Craig R. Smith and I have
set forth in six books, they could have profited
handsomely while this giant “Money-Quake” shook the planet and set assets
tumbling. A word to the wise: this Brexit vote is the first of many more soon
to come. Read our books and quickly pick up the broken pieces of your
investment portfolio. You will want to move quickly at least a portion of what
remains before the falling dominos and other pains of aftershocks hit. [more...]
Yesterday,
the British people voted in a national referendum to declare their independence
from the European Union. The ruling political establishment, right and left,
had joined to crush this populist uprising with a campaign of fear and
authority. But a majority of voters, sick of the European rot that has been
destroying the Great in Great Britain, pushed back – and history changed. Brexit’s
victory unleashed a shock wave around the world that for a time halted stock
trading in Asia, sent Dow futures plunging by more than 700 points, drove the
10-year Treasury bond yield to modern record lows, and sent gold surging
upwards by more than $80. [more...]
U.S. stock markets are now factoring in more than a 50%
chance that the Federal Reserve will increase the Fed funds rate in June or
July. Rate hikes are positive for most financial stocks because the
companies then earn increased fees on customers’ deposits. In addition,
withering expectations of a global recession are fueling growth prospects for
financial institutions, bringing increased investor attention to the
sector. Consequently, bank stocks are turning bullish, with stock price
charts surprisingly in sync with each other. [more...]
Millennials
are America’s biggest generation and, like it or not, they’re going to change
the world. The question is, will this change be for the better? According to a
new Gallup poll, Gen X and Baby Boomers must change along with these
millennials to make sure the future goes well. Gallup recently
released an extensive study detailing how Millennials function in the workforce.
Not surprisingly, millennials are a very different breed of employee. One of
the most notable pieces of data is workforce engagement. Whiles it’s no secret
millennials are the least employed generation, 55% percent are unengaged at
work. This number is astonishing! Combined with the 16% who actively
disengage at work, a meager 29% of millennials are actually engaged in
their job. This number is lower than any
other generation. [more...]
By Michelle Seiler-Tucker
Halliburton,
the oil services provider few look at fondly, paid rival firm Baker Hughes $3.5
billion in terminations fees after an attempted merger was shot down from every
direction. Halliburton is the second largest such company, with Baker Hughes in
third (first goes to industry giant Schlumberger). Once valued at $34.6 billion
in 2014, this merger would now have only been worth $28 billion given the
precipitous fall of oil over the last two years. The oil industry’s near collapse
was a major factor leading to the scuttled deal. Halliburton and Baker Hughes
both rely on oil company contracts; and, given that oil was, until recently,
too expensive to pull out of the ground for many producers, their services saw
little request. But the oil industry is slowly recovering. So what else killed
this deal? Hint: the government. [more...]
By Jeff Cox - Finance Editor for CNBC.com
Investors
managed to make it through a volatile April modestly ahead of the game, though
individual returns were held back by one principal culprit: Apple. The tech
giant was "the biggest wealth destroyer" for market participants
during the month, according to Openfolio, a social networking platform that
compares more than 65,000 shared portfolios within its community. [more...]
On
Sunday May 1, America's Caribbean Island Puerto Rico defaulted on a debt
payment of $422 million. This island that Spanish explorers named “rich port,”
Puerto Rico, is roughly the size of Connecticut and is home to 3.5 million U.S.
citizens. How has it run up a staggering total debt of more than $72 billion,
more than any U.S. state except New York and California? Puerto Rico has been
turned into a cash-short poor port by U.S. economic manipulation along with
welfare and government pension politics. The U.S. government built Puerto
Rico's current economy on exotic tax breaks, especially for drugs. At one point,
nine of America's 12 biggest drug companies had major facilities in Puerto
Rico. [more...]
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