After the panic and crash of 2008, many investors decided that they had too much money in stocks. Maybe so, in some cases. But if you switch entirely to bonds or bank accounts, your retirement nest egg won’t grow, over the long term. In fact, its buying power will shrink, due to the pernicious effect [...]
The banks think we’re stupid. They pounded consumers into the ground with abusive mortgages and credit cards. Now they’re threatening us with even higher costs if Congress tries to do something about it. “Honesty costs too much money,” the lenders seem to be saying. Somewhere, the gods are texting “lol.”
The object of the bankers’ ire [...]
What are you up against, between now and the time any reforms start clicking in? What you’ve got now: A private health-insurance system that will grow steadily worse, as the insurers try to game the changes (and pocket the maximum profits) in advance. Premiums and co-pays will rise. More routine illnesses will be classified [...]
