22 Jun 2017

How Bond Traders Lied in the 2008 Housing Recession

This site has never printed an entire news article from another site, but this is a great story about how bond traders lied during the 2007-2008 housing fraud that led to the financial crash. That housing crash was the result of top-down and bottom-up fraud involving realtors, mortgage companies, hedge

Chuck Epstein 0
02 Jun 2017

Concerned About Jobs for the 21st Century? What About Retirement?

Robotics, automation, globalization, the Uber and gig economies have all captured the attention of anyone planning a career or their life over the future decades, but what is missing is the link between these new definitions of work and what happens when work ends. It would be logical to assume

Chuck Epstein 0
05 May 2017

Baby You Can Drive My Car Because You Don’t Have One

Looks like it is official: The consumer purchasing frenzy is slowing down and one of the biggest victims is auto sales. According to Yahoo News, after eight years of strong sales, auto lending is slowing down as missed payments rise. That’s partly because subprime loans to people with credit scores

Chuck Epstein 0
30 Mar 2017

Don’t Recognize the Republican Party Today? Here’s Why: It’s the John Birch Society

Many veteran political observers say they cannot recognize the Republican Party  that elected Donald Trump. They should not be surprised. The reason is that it is not the Republican Party. It is the party of the John Birch Society that morphed itself into the far-right Libertarian Party. This is why veteran

Chuck Epstein 0
10 Mar 2017

Fantasy Financial Planning in the Trump Era

Face it: Financial planning in Trump world  hinges on politics, not investing.  This makes it more important than ever for people  providing financial advice to tell clients about the implications of political decisions made in Washington and less about the basics of investing. By now, everyone has heard of the $26 billion

Chuck Epstein 0
24 Feb 2017

The Darkest View of Retirement and Income Inequality

An earlier post on this site (Feb. 23, 2017) pointed out the retirement crisis in America is not getting any attention. But just because it is not getting noticed, it does not mean the crisis will go away. On the contrary, it will only get worse, aggravated by the nation’s wealth gap and attempts to alter Social Security,

Chuck Epstein 0
23 Feb 2017

What Retirement Crisis Are You Talking About?

The financial media operates 24 hours a day and despite the proliferation of company, market and economic news and endless commentary, financial journalists are avoiding any discussion about the biggest financial crisis facing every American: the retirement crisis. Politicians don’t want us to talk about it since this is the ultimate form of bad news

Chuck Epstein 0
08 Feb 2017

John Birch-Neoliberal Political Policies Ascend Under Trump

Most average investors don’t know about the political philosophy of neoliberalism, but they would recognize its main ideas since they now hear them everyday out of Washington. Since it re-emerged after World War II, neoliberalism (the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism), the political

Chuck Epstein 0
19 Jan 2017

Exxon Has No Allegiance to the U.S. and Neither Will Tillerson

By now, anyone seriously interested in Exxon’s long and twisted history in the oil industry worldwide can readily find information about its dealings with dictatorships, criminals and shadowy politicians to extract and export black gold from the far reaches of the earth. But, the proposed appointment of ex-Exxon Rex Tillerson

Chuck Epstein 0
11 Dec 2016

This 70-Year-Old Memo Remains the Basis for U.S. Foreign Policy Today

History does repeat itself and that remains true today. Stolen elections, campaign fraud, wars conducted over false information, assassinations, dirty tricks among political parties, incompetent elected officials at the highest levels of government are nothing new. But here is an interesting memo written 70 years ago which rings true today.

Chuck Epstein 0