Ely Thayer

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The collapse in oil prices is causing Saudi Arabia to change its economy

A new report from The Atlantic Council finds that the extensive decline in oil revenues is focusing minds in Riyadh. The fiscal pressure is forcing "the kingdom's leadership to modernize the economy," the report concludes.<p>Saudi Arabia ran a fiscal deficit of about $98 billion in 2015, a figure that …

22 Of The Best Stocks In The S&P 500

After the horrible terrorist event in Brussels this morning, one would think markets would have sold-off hard. But stocks recovered the losses in the U.S. And yields closed higher, instead of moving lower (which would be expected after a terrorist event, as global capital tends to move into the …

Stock Markets

13 Financial Advisors Share The Worst Financial Mistakes They Have Ever Seen

<b>“You want to do what?”</b><p>As a financial planner, I see clients make some pretty bad mistakes.<p>A sad fact of life is that financial mistakes can be made in a heartbeat.<p>Sometimes, they can be ignorant mistakes. Other times, they are purposefully done without grasping the gravity of the potential …

Retirement

The Deepening Economic Crash and the 2016 Election

If this bizarre election year needed one thing twist, it is now likely to play out against a deepening economic crisis. Advantage: Trump and Sanders.<p>The global economy is weakening, due to a perfect storm of a cratering economy in China, a crash of oil prices, slower growth in the Third World and a …

Wall Street

The 25 most ruthless leaders of all time

But while we can argue the validity and virtue of certain political agendas, the callous methods by which some leaders attain their goals are less up to interpretation.<p>After all, no matter how a historian tries to spin it, ordering a tower to be constructed out of live men stacked and cemented …

RBS cries 'sell everything' as deflationary crisis nears

RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.<p>The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis …

Stock Markets

This is The Biggest Threat To China’s Stock Market

Mark Twain is attributed with saying that history may not repeat itself, but it certainly does rhyme. What we are seeing this week in terms of the …

How not to squander the Powerball jackpot

Evidence shows that most people who make it to the top 1 percent of income earners usually don't stay at the top for very long.<p>But the person who wins the $1.3 billion Powerball jackpot during Wednesday night's drawing, assuming one person wins the entire pot, will have such a large pile of cash …