10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.




Why We Ditched the FIRE Movement

retirement Image by Gerd Altmann from PixabayWhy we ditched the Financial Independence/Retire Early (FIRE) movement -Marketwatch
"Early retirement is something most people write off as a pipe dream. For me, I didn't even know it was possible until I read some articles online about people my age throwing in the corporate towel forever. Turns out, what it takes to retire early was way more than my husband and I bargained for - and not worth our happiness....If you're not familiar with it, FIRE stands for Financial Independence/Retire Early, and it totally blew my mind.

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Impeachment Diversion to Prompt Crash?

GhostssYearsPastImpeachment may lead to another October stock market crash -Crudele/New York Post
"I'm going to tell you what is likely to happen that will make this October potentially the most dangerous of them all. Another October stock market crash as in 1907, 1929, 1987 or the near-crash in 1989? I can't predict that. But I can predict that what's about to happen in Washington will keep investors awake at night....

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Feds Expand Risky Mortgage Exposure

key 2323278 640Federal government has dramatically expanded exposure to risky mortgages -Washington Post
"The federal government has dramatically expanded its exposure to risky mortgages, as federal officials over the past four years took steps that cleared the way for companies to issue loans that many borrowers might not be able to repay. Now, Fannie Mae, Freddie Mac and the Federal Housing Administration guarantee almost $7 trillion in mortgage-related debt, 33 percent more than before the housing crisis...

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