Canada Says Farewell to Gold One upon a time most currencies were backed by gold. But in 1971 president Richard Nixon took the U.S. off the gold standard switching to a floating currency instead so its Central Bank can exert more influence over the currency, and other countries followed suit. Today, everyone uses fiat currency and gold is no… Read More »
Wall Street Cuts S&P 500 Estimates One reason investors have made so much money in the last 7 years is because the stock market has done well since the great recession. The total annual returns for the S&P 500 stock index have been positive every year from 2009 to 2015 inclusive. But recent earnings reports suggest that the bull… Read More »
Last week I visited Cuba. I went with friends and family and we were all Havana great time. Unfortunately the hotel we stayed at, like most places around the area, doesn’t have Wi-Fi so I did not use the internet for a whole week. Last week’s blog posts were scheduled in advance. I had a great time staying in Varadero and visiting… Read More »