Busted Boomers: Why Their 401(k) Plans Are in Ruins

Written by Gary North on December 21, 2011

The problem is getting attention, but this Wall Street Journal story caught my attention. The  median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal […]

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7 Habits of Highly Frugal People (Great for Teenagers)

Written by Gary North on December 21, 2011

This article is great for teenagers who are mature. It is not going to work with immature teens — or adults, for that matter. This detailed report is practical. But, like losing weight, its advice is hard to follow. That’s why it is best to develop these habits early. I have extracted only the highlights. […]

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4200 Square Foot McMansion: $1,800 a Month Rent

Written by Gary North on December 21, 2011

In Merced, California, six students are renting a 4,200 square foot McMansion for $300 each. Each student has his own bedroom. The owners of properties like this are risking party time males. College-age males are not known for being gentle on housing. The real estate crash is so bad in the region that owners think […]

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Crucial Yet Ignored Evidence: Recession in 2012

Written by Gary North on December 21, 2011

There is a little-known economic indicator that is exceptionally good at predicting the economy six months out: federal withholding. Businesses can get fined for not withholding enough money. The IRS is not a pleasant organization to deal with. So, when receipts fall, it is because businesses are preparing for an imminent decline. Here is a […]

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Are You a Stock Market Sucker? Test Yourself

Written by Gary North on December 20, 2011

Stock market suckers are the targets of American financial journalism. The industry wants to keep people’s money tied up in American stocks. One strategy that the industry uses is bullish headlines. The headline writers re-write the articles to stimulate confidence — even greed. Take a look at this one, published today on MarketWatch. When you […]

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New Rules on Morgages Hit High-End Houses

Written by Gary North on December 20, 2011

The rich just got less rich. The jumbo loan limit at Fannie Mae and Freddie Mac was dropped to $625,500 from $729,750. (Where do the bureaucrats get these precise numbers?) This means that rich people who want to buy homes from other rick people have to come up with larger down payments. This pressures sellers […]

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Goodbye, Habeas Corpus; Hello, Jail Cell

Written by Gary North on December 20, 2011

The Constitution says:  “The privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.” The great unless is about to arrive. The military will soon be empowered to arrest citizens inside the USA. Ever since 1878, this has been illegal. […]

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