Far be it from bondholders or banks that caused the debt crisis to be punished for their sins, German 'Wise Men' push for wealth seizure to fund EMU bail-outs.
Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy.
Women are gaining financial independence to an unprecedented degree — they now make up the majority of college graduates, are nearly half of the labor force and are becoming the primary earners in many households.Yet most remain uneasy or uninvolved when it comes to talking about and managing money. — USA Today
Barron's had an article on something that is supposedly new called goals based investing. The idea is to focus on investing toward your specific objectives as opposed to benchmarking to an index. As a concept there is nothing new here but maybe the term is indeed new.
As we have vociferously warned since September 2011, and most recently as the Cyprus debacle exploded explained why it is just beginning, Germany's Council of Economic Experts (or so-called 'Five Wise Men') just confirmed a wealth tax is coming.
AAII submits: A few investors have opined to me recently that a diversified buy-and-hold portfolio strategy no longer works. Given the performance of the S&P 500 (SPX) over the last decade, I understand their frustrations.
I love the back-to-back columns on the Bush tax cuts and fiscal responsibility that Clive Crook of the Financial Times wrote earlier this month. He really tells it like it is: we simply can’t afford to permanently extend even the so-called “middle-class” portions of the Bush tax cuts–for several reasons.