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Eligible Rollover Distributions (ERDs)

Eligible Rollover Distributions (ERDs)

So, what funds can be rolled over from your qualified retirement plan (not an IRA) into another retirement plan or IRA? Interestingly, the IRS doesn’t specifically tell you what can be rolled over – but rather, what cannot be rolled over. So the definition of eligible rollover distributions includes any monies from a qualified account […]
Stocks And Precious Metals Charts – Long Division

Stocks And Precious Metals Charts – Long Division

Stocks closed largely unchanged today.  Volatility, as measured by VIX, continued to move lower. Gold and silver moved slightly higher with the Dollar largely unchanged.
August 9, 2018; Debut Of Eurodollar University Season 2

August 9, 2018; Debut Of Eurodollar University Season 2

On August 9, 2007, the eurodollar system cracked. Over the eleven years since that day, the crack has only become enlarged. No amount of QE nor the bank reserves those produced has been able to patch the system back up into functioning condition. The thing lingers on, limping forward through small ups and more serious downturns. One […]
Market Talk – Wednesday, August 8

Market Talk – Wednesday, August 8

The news mid-afternoon that President Trump’s trade restrictions could be increased and a retaliatory Chinese tariff increase all coupled with the latest China/US trade numbers turned most core indices. Following yesterdays strong Shanghai performance we saw some retracement of Tuesday’s gains with the index closing down 1.25%. Although the Hang Seng index was also hit […]
Consumer & Business Leverage & Risks For Economy

Consumer & Business Leverage & Risks For Economy

When the economy is near the end of the business cycle there tends to be excess leverage taken out by businesses and consumers. The recession washes away the bad loans to get back to equilibrium. It was important for the housing market to cool off after the run in the 2000s because housing became unaffordable. […]
Trade And Remittances Within Africa

Trade And Remittances Within Africa

from the International Monetary Fund — this post authored by Francisco Arizala, Matthieu Bellon, Margaux MacDonald, Montfort Mlachila, and Mustafa Y. Yenice Contrary to popular belief, countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances – the money people send home when working in another country. Our new study shows that closer ties […]
Nasdaq Bounces But Dollar, Ruble, Cryptos, China, Tesla, Italy, & Crude Crumble

Nasdaq Bounces But Dollar, Ruble, Cryptos, China, Tesla, Italy, & Crude Crumble

The Great Fall Of China continues… European stocks limped lower on the day… But US Stocks miraculously bounced at the cash open once again…but ended ugly with only Nasdaq holding gains… S&P and Nasdaq remain shy of their record highs… (Nasdaq up 7 days in a row – the longest streak since March). FANGs held their […]
NZD/USD Rebound Vulnerable To Dovish RBNZ Forward Guidance

NZD/USD Rebound Vulnerable To Dovish RBNZ Forward Guidance

TRADING THE NEWS: RESERVE BANK OF NEW ZEALAND (RBNZ) INTEREST RATE DECISION The Reserve Bank of New Zealand (RBNZ) meeting may do little to boost the appeal of the New Zealand dollar as the central bank is widely expected to keep the official cash rate (OCR) at the record-low of 1.75% in August. The RBNZ […]
Bitcoin’s “New Normal”

Bitcoin’s “New Normal”

Recently, I’ve been wondering about crypto’s NEXT BIG MOMENT. What it will look and feel like when institutional money starts pouring in. So I did a little digging… I found out that what’s new in this country is old hat in other parts of the world. A bitcoin exchange-traded product has been around in Europe […]