The highest tier of professional athletes have some of the highest salaries in the world. What many people don’t realize is that despite their high earnings many well-paid pro athletes eventually go broke. Thankfully, this is not the case for all athletes. Many of them actually lead very frugal and modest lifestyles.
Larry Summers, former Treasury Secretary under Bill Clinton and the former director of Obama’s National Economic Council, thinks the wealth tax proposed by some progressive Democrats will backfire. With such close ties to the Democratic Party, and being a Democrat himself, it is surprising to hear Summers come out against the wealth tax plans touted by progressive […]
China, with a population of 1.4 billion, is currently home to the world’s second-largest economy. While China is still experiencing growth, it is not at the levels the country has grown accustomed to. The downtrend in China’s GDP growth is a recent phenomenon that has been ongoing for the past several years, though the ongoing […]
Retirement presents an exciting new stage in many people’s lives. Many people choose to go embark on their retirement adventure in a new locale. The range of reasons for such a dramatic move is vast. Many senior citizens seek a warmer climate, a lower cost of living, or simply to be around more of their […]
The United States and China are currently in the middle of a protracted trade war. Weijian Shan, a prominent Chinese financier, is prepared to declare a winner. So far, Shan says, it’s China. Shan is the CEO of the prodigious Asian private equity firm PAG. “Both parties lose from the trade war, but the numbers […]
Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world. When Dalio speaks, people tend to listen. So it came as a shock when before the IMF and World Bank annual meetings in Washington D.C., Dalio proclaimed that the global economy was already slowing dramatically. “This cycle is fading, we are […]
Albert Edwards, global strategist at Société Générale, the French multinational investment bank, is an ardent bear investor, having routinely delivered messages of doom and gloom throughout the years. He has previously said that the world will enter a “financial ice age” in the near future. Now, he says, “carnage awaits” stock market investors. Edwards cited […]
Nouriel Roubini, an American economist teaching at NYU’s Stern School of Business, had previously earned the moniker of “Dr. Doom” due to a history of making bleak predictions. Now Roubini has set his sights on arguing against the quick fix of printing more money when the next recession occurs. “When the next recession hits, policymakers […]
Mark Mobius, the founder of Mobius Capital Partners LLP, made a name for himself as a fund manager within the emerging markets industry. Mobius, now retired, has kept his finger on the pulse of current events and recently made two heavyweight predictions. The first is that there will be no recession in 2020. The second prediction […]
Michael Pento, president and founder of Pento Portfolio Strategies, has sent alarm bells ringing with his latest statement on the markets. “When this thing implodes, we are all screwed,” Pento said of the economy. “On a global scale, we have never before created such a magnificent bubble,” he continued. ““These central bankers are clueless, and […]
