As concerns about rising inflation are compounded by painful stock and bond market downturns, expect anxiety about savings, investments, and a stable financial future to increase.
In 1935, Ernest Hemingway authored "Notes on the Next War," an article gleaned from his life's experiences. The piece expresses his contempt for the horrors of war and contains unusually prescient observations which are even appropriate to today.
A few years ago, the Federal Reserve estimated that one in four American families did not have enough savings to take care of an unexpected $400 expense.
Three decades of ups and downs in the financial industry can certainly teach important lessons about keeping a cool head when facing chaos and being able to, sooner rather than later, recognize the ominous signs of a bad investment.
Cuba has been going through a summer of discontent. Thousands of protestors have emerged to condemn the dictatorship’s mishandling of the economy and its continuing food shortages, blackouts, and massive COVID outbreaks. The anguished cries for freedom against the severe, miserable living conditions are the greatest in years.