Stock markets are down around the world in December. The Nasdaq Composite which is a barometer for tech companies has fallen 15% so far this month. Top economists and investors have been sounding the alarm for months on an economic recession. A New York Times survey discovered that 48% of business leaders at the Yale CEO Summit expected… Read More »
The idea that higher minimum wage helps the working poor is utterly ridiculous. It’s a lie spread by liberal politicians and their supporters so they can take more tax money from individuals. According to the Calgary Herald, rising minimum wage was the cause of 25,700 jobs disappearing in the city. But things will likely get worse as Alberta’s… Read More »
According to a Fox article, millennials now make up the largest generation in America, and we’re seeing some troubling trends as they are increasingly turning away from capitalism and favouring socialism instead. Based on a study of over 2,000 people, nearly 45% of millennials polled said that they would prefer to live in a socialist country compared to the… Read More »
Are you getting ready to retire? If so, hopefully you’ve been saving throughout the years so that you can comfortably retire and enjoy your time spent off work. But, unfortunately, there are always unwelcome things that pop up from time to time that prove to be unavoidable. Some of these things can significantly impact your retirement and put… Read More »
Lifestyle inflation is when we spend more money when our income increases. This can feel natural because the more we earn the more we can afford to spend. But this can make it very difficult to save for retirement or meet other financial goals. Lifestyle inflation is what causes many folks to get stuck in the rat race… Read More »
The Next Recession is Coming Although not directly correlated to the stock market in the short term, the economy also experiences cycles of ups and downs. Here are some graphs that have historically been very reliable when used to forecast recessions in the United States. Recessions occur when the total economic output of the country declines in two… Read More »