Monthly Archives: June 2015

Wealth: hard to build, easy to lose

Posted on June 18, 2015 by Danielle Park

70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third.  A new survey by the Williams Group wealth consultancy surveyed ‘high net worth individuals’ with more than $3 million in investable assets … Continue reading →

Posted in Main Page | Comments Off on Wealth: hard to build, easy to lose

Energy sector losing lift once more

Posted on June 18, 2015 by Danielle Park

US oil production (along with global oil production) has continued to ramp over the past year as lower prices prompt over-levered players to pump more in order to grab the necessary life-blood of solvency–cash flow.           … Continue reading →

Posted in Main Page | Comments Off on Energy sector losing lift once more

This week in history: TBTF banks were broken up

Posted on June 18, 2015 by Danielle Park

This week in 1933, Congress passed The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162) prohibiting commercial banks from engaging in the investment business (ie., underwriting, trading, speculating and selling risk products while calling it … Continue reading →

Posted in Main Page | Comments Off on This week in history: TBTF banks were broken up