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Monthly Archives: May 2014
ECRI: the mainstream can’t bear to contemplate the next recession
First quarter US GDP came in at a negative 1% yesterday led by a 7.5% fall in business spending following the expiry of tax concessions that had brought forward investment in 2012 and 2013. The US is caught in a … Continue reading
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Beware of accountants offering harmful investment advice
I had a contact this morning from a long-time blog reader, who is in her 70’s and was recently advised by her accountant, that she could “make a lot more income in stocks” than her current ladder of guaranteed deposit … Continue reading
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Consumer demand falls with household incomes
Now that the ‘borrow your brains’ out credit cycle is in retreat, aspirational wealth products and services have a problem: household incomes for all but the top 1% have declined back to 1999 levels. Here are some of the latest … Continue reading
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