The solution to Puerto Rico’s debt crisis isn’t statehood — it’s default

Christopher MarkowskiIn the News, Politics and Life0 Comments

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In an overwhelming majority, Puerto Rican citizens recently voted in favorof becoming the 51st U.S. state. According to poll results, nearly 97 percent of Puerto Ricans were in favor of statehood. Puerto Rico’s governor, Ricardo Rosselló, declared the results a clear victory in favor of becoming a state — the solution he preferred. In a televised speech after announcing the results, he said, … Read More

Amazon Prime Discount Warns of a Subsidized Nation

Christopher MarkowskiIn the News, newsmax0 Comments

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Amazon is making a play for low-income shoppers by offering a nearly 50% discount for those on government assistance. Instead of paying $10.99 per month for Amazon Prime, customers with an Electronic Benefits Transfer (EBT) card will be able to enjoy Prime for only $5.99 per month. Is this a benevolent attempt to help those in need? Not likely. Cashing … Read More

What Populism Means for the Stock Market

Christopher MarkowskiIn the News0 Comments

In recent months, populist sentiment has sprung a few surprises, including the election of President Donald Trump and Britain’s vote to leave the European Union. Although some populist policies may prove economically sound, those producing trade wars could be a threat. The current mood among populists in the U.S and Europe can be traced back to the global financial crisis … Read More

Live Long and Prosper: Be True to Yourself in Retirement

Christopher MarkowskiIn the News, newsmax0 Comments

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The Employee Benefit Research Institute has released its twenty-seventh annual Retirement Confidence Survey. The findings from this survey coupled with some other disturbing headlines in regards to the perilous condition of our nation’s pension system have laid credence to all the anecdotal evidence that I have been yelling and screaming about on the show for almost two decades. I would … Read More

LIVE LONG AND PROSPER

Christopher MarkowskiArticle, Financial Planning, newsletter0 Comments

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The Employee Benefit Research Institute has released its twenty-seventh annual Retirement Confidence Survey.  The findings from this survey coupled with some other disturbing headlines in regards to the perilous condition of our nation’s pension system have laid credence to all the anecdotal evidence that I have been yelling and screaming about on the show for almost two decades.  I would … Read More

NEXT?

Christopher MarkowskiArticle, newsletter, Research & The Economy2 Comments

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Don’t doubt me. I cannot revel in self-righteous, pat-myself-on-the-back behavior after witnessing another prediction of mine becoming reality.  In my opinion, it is in particularly bad taste and bottom barrel decorum to celebrate when bad things are happening even if I did give everyone a heads-up. We are living in an alternative universe when it comes to free-markets, capitalism and … Read More

OBSOLETE

Christopher MarkowskiArticle, Financial Planning, newsletter1 Comment

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There has been quite a bit of attention as of late in business publications and websites such as the Wall Street Journal, Bloomberg and CNBC in regards to our retirement funding crisis.  This crisis is being framed in the context of the failure of the various different vehicles people utilize to build up their proverbial nest eggs.  Whether it be … Read More

WHISTLEBLOWER

Christopher MarkowskiArticle, newsletter, Wall Street Fraud0 Comments

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Not long ago when the supposed end of the world was upon us and assets were blowing up all over the place, Deutsche Bank saw a way out…lie. Deutsche bank had a portfolio of derivatives that were dropping like a brick that would have, if they played by the rules, resulted in the bank’s insolvency.  So they lied about their … Read More

RETIREMENT REALITY

Christopher MarkowskiFinancial Planning, newsletter0 Comments

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I have not seen many pie-in–the-sky retirement commercials as of late.  There used to be a bevy of advertisements that seemed as if they were pumped out by an advertising team comprised of Don Draper and Robin Leach.  They aided the big firms in painting the mental picture and selling the dream of…“Champagne wishes and caviar dreams” private islands, a … Read More

FRAUD FILES

Christopher Markowskinewsletter, Wall Street Fraud0 Comments

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Comrade Jones An advisor from Edward Jones admitted to AdvisorHUB that the firm was much like the Soviet Union in that they are in the business of pushing products and policies that benefit the General Partners first.  “In reference to Jones being like the USSR.  There is nothing going on at that firm that is in the best interest of … Read More