Very few Americans have any significant savings today. Most live on credit and those with savings have it stored in financial instruments that will be wiped out as the bankers collapse the system to hide the theft they have been involved in for decades. Those who think they will retire with their IRA, pensions or social security will find them all gone never to return leaving them with no means to care for themselves. Read More
For age 21 and under, a student is independent if, at any time after July 1, 2016, it can be determined that he is an unaccompanied youth who is homeless or is self-supporting and at risk of being homeless. The determination can be made by the Financial Aid Administrator (FAA) or various social support groups where the student is receiving their services. They forward their information to the FAA.

The stock market has stayed strong for close to a decade now, and along the way, it's produced impressive returns for stock investors. Yet this far into a bull market, the biggest fear for many people who are considering putting money into stocks is that they could end up investing at exactly the wrong time: right before a bear market hits and devastates their portfolios.


It seems a lot of the otherwise sellers hold off selling and banks being very slow releasing REOs. They seem to think market will improve in San Diego in the next few months or later. Many of the ones on the market are so over priced they don’t go anywhere and price reductions are slow to come. There is definitely a stalemate between sellers and buyers in San Diego market.
The causes and characteristics of bear markets vary, but most financial theorists agree that economic cycles and investor sentiment both play a role in the creation and momentum of bear markets. In general, a weak or weakening economy -- indicated by low employment, low disposable income, and declining business profits -- ushers in a bear market. The existence of several new trading lows for well-known companies might also indicate that a bear market is occurring. It is important to note that government involvement affects bear markets. Changes in the federal funds rate or in various tax rates can encourage economic expansion or contraction, ultimately leading to bull or bear markets.
Of course, no investment advisor in the world can tell you with 100% certainty what lies ahead. But with InvesTech’s time-proven “safety-first” strategy and objective proprietary indicators, you’ll have the tools you need to protect your hard-earned assets in bear markets and maximize profits in bull markets. Don’t miss a single critical issue of InvesTech Research…

A market correction is a period in which stock prices drop following a period of higher prices. The idea behind a correction is that because prices rose higher than they should've, falling prices serve the purpose of "correcting" the situation. One major difference between a bear market and a market correction is the extent to which prices fall. Bear markets occur when stock prices drop 20% or more, whereas corrections typically involve price drops around 10%. Furthermore, market corrections tend to last less than two months, whereas bear markets last two months or longer.

In the wake of declining stock prices, the bursting of the real estate bubble, and a weakening dollar, the American economy is poised for a prolonged contraction and U.S. stocks will suffer a protracted bear market, so says seasoned Wall Street prognosticator Peter Schiff. Having accurately predicted the current market turmoil in his recent bestseller Crash Proof: How to Profit from the Coming Economic Collapse, the CNBC-dubbed "Doctor Doom" has helped savvy investors protect their portfolios in some very turbulent markets—and now, he'll show you how to do the same.
Joining the likes of Bill Gross and Jeffrey Gundlach, and echoing his ominous DV01-crash warning to the NY Fed from October 2016, Bridgewater's billionaire founder and CEO Ray Dalio told Bloomberg  TV that the bond market has "slipped into a bear phase" and warned that a rise in yields could spark the biggest crisis for fixed-income investors in almost 40 years.
The first chart comes from my friend, John Hussman, and shows his margin-adjusted version of the cyclically-adjusted price-to-earnings ratio. This improved version of the CAPE ratio (improved because it has a greater negative correlation with future 12-year returns) shows equity valuations have now surpassed both the dotcom mania peak in 2000 and the 1929 mania peak. Read More
Given how these things normally work, I’d imagine there will be a few false scares and then a tipping point at which there’s an identifiable panic. I would think that would be caused either by a few significant inflation surprises, or something more dramatic that I haven’t thought of (perhaps a big buyer of US Treasuries really does turn around and do something unexpected).
*** “Treasury officials said their decision to halt the issuance of the 30-year bonds was intended to save the government money,” writes Gretchen Mortgensen in the NY Times. “Traders scoffed at that explanation, viewing the move as an almost desperate attempt to push down long- term interest rates, and prod both corporate and individual borrowers to spend again.”
RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/Look Carefully at the Price IndexThe GDP number came out yesterday; 3/5% did slightly beat the consensus of 3.3%, but remember, for a while the Atlanta Fed was looking for a print in the 4's. But the New York Fed was at 2.2%, so the print was much higher than ...…
A second migrant caravan has been attempting to breach Mexico’s border with Guatemala, and the media is reporting that some migrants in that second caravan are armed with “guns” and “bombs”.  This is a very serious claim, and it needs to either be confirmed or retracted, because it is not helpful to have unconfirmed reports spreading like wildfire on social media.  There have been endless discussions about these migrant caravans on all the major news networks in recent weeks, and they are getting so much attention that they are almost overshadowing the midterm elections which are going to happen next week.  And if this latest report is true, concern about these caravans is certain to reach a fever pitch…Read More
"The most remarkable flows are into bonds," said David Santschi, CEO of Trimtabs, which provided CNBC with the preliminary fund flow data, which also show strong flows into U.S. equity and international equity portfolios this month. "Bond funds are down in the past four months," he said. "The biggest mispricings in the world today are in bonds, not stocks."
It is clear that plenty of asset allocators agree with him. The latest Bank of America Merrill Lynch Fund Manager survey showed an increasing allocation to defensives such as staples, REITS, the U.S. and banks. At the same time, fund managers are rotating out of cyclicals areas including energy, discretionary and materials. They are also avoiding anywhere with obvious risks, such as the U.K.
Bear markets can occur in any asset class. In stocks, a bear market is measured by the Dow, the S&P 500, and the NASDAQ. In bonds, a bear market could occur in U.S. Treasurys, municipals bonds, or corporate bonds. Bear markets also happen currencies, gold, and commodities such as oil. Price drops in consumer goods, such as computers, automobiles, or TVs, are not bear markets. Instead, that's called deflation.
There are always cycles. The current cycle started at the bottom of the Great Recession and will last “until central banks put on the brakes,” said Ray Dalio, founder of Bridgewater Associates, in an interview with Bloomberg. “We’re in a perfect situation, inflation is not a problem, growth is good, but we have to keep in mind the part of the cycle we’re in.”
Because of the special status of most municipal bonds granted under Section 103 of the Internal Revenue Code, which provides that the interest on such bonds is exempt from gross income, investors usually accept lower interest payments than on other types of borrowing (assuming comparable risk). This makes the issuance of bonds an attractive source of financing to many municipal entities, as the borrowing rate available to them in the municipal, or public finance, market is frequently lower than what is available through other borrowing channels.

For investors looking to maintain some positions in the stock market, a defensive strategy is usually taken. This type of strategy involves investing in larger companies with strong balance sheets and a long operational history, which are considered to be defensive stocks. The reason for this is that these larger, more stable companies tend to be less affected by an overall downturn in the economy or stock market, making their share prices less susceptible to a larger fall. With strong financial positions, including large cash holdings to meet ongoing operational expenses, these companies are more likely to survive downturns.


In the biggest move, the gauntlet has been cast by the Chinese as they challenge the U.S. petrodollar, with the formal announcement of a March 26th start for gold-backed-yuan oil futures trading.  Asian secret society sources say the Year of the Dog, which is just starting, usually brings volatility (in this case presumably in the financial markets) before things settle down into a new normal as the year progresses. Read More


Dr. D: You have to understand what exchanges are and are not. An exchange is a central point where owners post collateral and thereby join and trade on the exchange. The exchange backs the trades with their solvency and reputation, but it’s not a barter system, and it’s not free: the exchange has to make money too. Look at the Comex, which reaches back to the early history of commodities exchange which was founded to match buyers of say, wheat, like General Mills, with producers, the farmers. But why not just have the farmer drive to the local silo and sell there? Two reasons: one, unlike manufacturing, harvests are lumpy. To have everyone buy or sell at one time of the year would cripple the demand for money in that season. This may be why market crashes happen historically at harvest when the demand for money (i.e. Deflation) was highest. Secondly, however, suppose the weather turned bad: all farmers would be ruined simultaneously. Read More


We have not seen Wall Street this jumpy since just before the great financial crisis of 2008.  As I have explained so many times before, when the waters are calm and there is low volatility, markets tend to go up.  And when the waters are choppy and volatility starts to spike, markets tend to go down.  That is why the behavior that we have been witnessing from investors during the first two quarters of 2018 is so alarming.  A high level of market turnover is often a sign of big trouble ahead, and according to Bloomberg our financial markets “are churning at the fastest rate since 2008″…Read More
(= endure, tolerate) → ertragen; (with neg also) → ausstehen, leiden; pain → aushalten; criticism, joking → vertragen; smell, noise etc → aushalten, vertragen; she can’t bear flying → sie kann einfach nicht fliegen; she can’t bear doing nothing → sie kann einfach nicht untätig sein; she can’t bear being laughed at → sie kann es nicht vertragen, wenn man über sie lacht; could you bear to stay a little longer? → können Sie es noch ein bisschen länger hier aushalten?

So, all in all, I’d say that the technicals, the new tools to aggressively short large blocks of stocks on down-ticks, the uncertainties now of a trade war with China plus the seeming jump in the chances for a shooting war somewhere, all these things, are almost certain to bring a 20% decline, but it could quickly get out of hand and match what happened in 1987. That is the real danger.
The secret battle for the planet earth is entering a critical phase over the coming weeks, especially in the realm of finance, where an epic three-way battle is raging, multiple sources agree.  In this battle, cryptocurrencies and the Chinese yuan are fighting each other, as well as fighting to replace the current privately-owned Western central bank petrodollar, Euro, and Japanese yen-based system.

In just the past few years, global asset values have risen to the biggest bubbles in history. Unfortunately, this doesn’t seem to be a concern to the market because most people believe they are getting richer. However, rapidly rising digital riches can easily turn into digital losses, just as quickly. But, this will likely remain a secret until the major fireworks begin in the markets by the this fall or within the next 1-2 years.


Looking past 2018, the Fed's outlook is even more bearish for the bond market. The central bank boosted by one the number of rate hikes it expects in each of 2019 and 2020. At the same time, its unemployment rate projections were lowered to an eye-popping 3.6 per cent and its inflation estimate rose above its 2 per cent target level, to 2.1 per cent.
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