Legendary investor Jim Rogers has been bullish on commodities since 1999. He started out bullish on oil and metals and to a certain extent on soft commodities like orange juice, coffee and grains.
Here’s a great 10 minute video on his current economic views and what he’s investing in right now.
As always, he calls Ben Bernanke a clueless moron and has a great explanation for why lowering the interest rates is bad for the US economy. That’s always entertaining.
He thinks we might fall into the same trap as Japan and see 17 years of stagnant GDP. That’s downright depressing.
Its tax season again, and there have been quite a few new rules added to our million-plus lines of IRS code.
Forgiven home debt is now non-taxable.
But there are a few restrictions:
1. There is a limit on the forgiven debt: up to $2 million or $1 million for a married person filing a separate return.
2. The tax break also has a time limit. It only applies to mortgage debt discharged by a lender in 2007, 2008 or 2009.
3. The loan also must have been taken out to buy or build a primary residence, not a second or vacation home. If debt is forgiven on those additional properties, the owner will owe cancellation of debt income as usual.
Todays guest post is about optimizing your credit card expenses and making sure you don’t get hit with hidden fees.
Consumer Reports says that Americans shell out $31 billion in credit card fees every year. However, most consumers don’t even know these fees exist until they show up on their statement. Don’t let these fees sneak up on you; read about these 5 hidden credit card fees that you might be paying right now.
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