Mike Savage
Articles by Mike Savage
Every fraud has its own demise built in. I have written this many times in the past, but I believe now that we are seeing a few examples of what I am talking about.The ponzi scheme that is the Chinese Wealth Management Product is blowing...
What could possibly go wrong?We have surging energy costs that are crippling both industry and families in Europe and Asia. Companies are closing because of the excessive cost of natural gas. This is leading to far less products being...
It just gets more ridiculous every time we turn around. I just saw that Wells Fargo is going to shut down all existing personal lines of credit (CNBC). Back in 2020 they stopped issuing new lines of credit which, in itself, really makes no...
This week was Fed meeting week. Since the Fed IS the “market” these days the “markets” hang on every word they say. Since the Fed inferred that they may raise rates in 2023 the “markets” showed their displeasure by falling. Of course, when...
As we are nearing the holidays it appears it could be a tumultuous time for many as we are seeing increases of first-time unemployment claims week after week. The reinstituting of lockdowns is certainly not making life any better for...
Many times I have written that if you say something enough- whether it be true or not- many consider it to be a fact. Just today I had a client in and he, along with many others, made the comment that “the market is doing great.”
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