Authored by Raul Ilargi Meijer via The Automatic Earth blog,
John Rubino recently posted a graph from Bob Prechter’s Elliot Wave that points to some ominous signs. It depicts the S&P 500, combined with consumer confidence and savings rate. As the accompanying video at Elliott Wave, What “Too Confident to Save” Means for Stocks, shows, when the gap between high confidence and low savings is at its widest, a market crash -often- follows.
Authored by James Stack via InvesTech.com,
From public confidence to bullish sentiment to the normally mundane employment data, the U.S. economy and stock market are reaching historic levels not seen in decades. Last month, consumer confidence hit its highest level since December 2000. The percentage of bullish investment advisors recently touched lofty levels that were last reached in January 1987. And this month, the U.S. Department of Labor announced that job layoffs dropped to a 44-year low!
Authored by Adam Taggart via PeakProsperity.com,
Frankly put: retirement is now a myth for the majority...
The Origins Of The Retirement Plan
Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a "pension", was again offered to soldiers in the Civil War and every American war since.
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Authored by David Stockman via Contra Corner blog,
One of the great philosophers of recent times was surely Sgt. Easterhaus of "Hill Street Blues". As he assigned his men to their daily rounds in the crime infested streets of the Big Apple he always ended the precinct's morning call with his signature admonition:
"Let's be carful out there."