June 2009 - Forecasts & Trends

Forecasts & Trends is much more than just investment blog posts. You need to know the "big picture;" you need to have a "world view," especially in the post-911 world; and you need more information than ever before to be successful in meeting your financial goals. Gary intends to help you do just that.

Forecasts & Trends

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  • Millionaires' Club - Record Plunge In 2008

    A new report released earlier this month found that the global slump in property and equity markets last year cut the number of millionaires worldwide by 15% to 8.6 million, wiping out two years of increases in wealth. The value of the world's millionaires' assets fell 20% in 2008 to $32.8 trillion, after a 9.4% increase in 2007, according to the latest report. The study also found that the super-millionaires ($30 million and up) got hit even harder than the mere millionaires, which is even more interesting. Even if you are not a millionaire, there is a lot to be learned from this annual report from reputable sources....
  • Is America On The Road To Financial Ruin?

    Last Wednesday, President Obama announced the most sweeping financial industry reforms since the Securities and Exchange Commission was created in 1934. Obama unveiled new proposals that would refashion the federal rules governing almost every corner of finance, and will push the government and the Federal Reserve much more deeply into banks and the private markets. I will discuss these massive changes and tell you why I do not believe they will be good for the markets or investors, for the most part. We will also look at some new polls which indicate that more Americans are worried about President Obama's trillion dollar deficits than they are about the recession. Lastly, we will look at the latest economic numbers and what they mean. Let's jump right in....
  • Obama On Course To Double National Debt

    Based on the Obama administration's own spending forecasts, the US national debt is projected to double over the next 10 years. Currently at over $11.4 trillion, the national debt is projected to balloon to at least $22.5 trillion over the next 10 years, according to the non-partisan Congressional Budget Office. The CBO now forecasts the fiscal 2009 budget deficit at a record $1.845 trillion alone, with another deficit of $1.4 trillion in fiscal 2010. If our national debt in fact doubles in the next 10 years (and it could more than double), this will be bad news for the US dollar and interest rates, which in turn is bad news for stocks. As you might expect, the liberal media is not talking about these new debt numbers, so I will lay it all out for you this week. Feel free to pass this week's E-Letter on to others - we need to get out the word!...
  • Where To Turn If You Lose Your Job

    The US unemployment rate soared to 9.4% in May, the highest level in 25 years, and is on track to top 10% by the end of the year. Over six million US jobs have been lost since this recession began. With those chilling numbers in mind, I thought this would be a very good time to revisit a topic I have written about in the past, the Johnson O'Connor Research Foundation, which scientifically tests people's natural aptitudes to determine what career paths would be best for them. Everyone in my family has been through the testing, including me. If you or someone you know has lost his or her job, a trip to Johnson O'Connor could prove to be invaluable. Also, if you have kids or grandkids that don't know what to pursue in college, get them tested - you'll be glad you did....
  • Coming From Behind - Investment Lessons From Sports

    As long-time clients and readers will recall, I have been actively involved in coaching my kids in their various sports for over a decade, and still am. As I have written in the past, the lessons I have learned from being a sports coach all these years have served me very well in my career in the investment business. In many ways, I feel I am my clients' investment coach. In sports, I have always stressed that you must have both a good offense and a good defense to win championships. The same is true for your investments. You can't just swing for the fences in your investments; you also must protect against huge losses (bear markets), as we have seen over the last year. This week, I will reflect on how sports analogies can make us all better and more successful investors....