Ask Chuck: What About China’s Digital Currency?
Dear Chuck, I read your new book on economic threats. What do you think of China’s new digital currency? Isn’t it a threat that should be on your list of Gray Swans? Economic Observer Dear Economic Observer, I wrote a book about Seven Gray Swans—trends that threaten our financial future which are low probability […]
Ask Chuck: Should I Move for the Financial Incentives?
Dear Chuck, My wife and I want to escape the high taxes in California. She thinks we should look into a place offering moving incentives. We have two young children; so now may be the best time to move. What advice can you offer on these moving incentives? Leaving LA Dear Leaving LA, This is […]
Ask Chuck: Is Day Trading A Bad Idea?
Dear Chuck, My son’s college roommate made some money in day trading. Now my son wants in on the action. I’m not sure what to tell him, except to avoid it! Day Trading Fears Dear Day Trading Fears, The Bible talks a lot about investing, so I will be able to give you some […]
Ask Chuck: Concerned About Gas Prices
Dear Chuck, I’m getting nervous about the rising cost of gasoline because of my long commute each day. How can I avoid having my budget whacked? Bring Back Cheap Gas! Dear Bring Back Cheap Gas, You have good reason to be concerned, but it is not all bad news. There are plenty of reasons […]
Ask Chuck: Is Runaway Inflation Coming to America?
Dear Chuck, Do you think we are heading towards runaway inflation? If so, how should I prepare financially? Inflation Fears Dear Inflation Fears, Any commentary on the state of the economy is like commenting on the water level in a river—it is an ever-changing dynamic. So, whatever is said is likely to be wrong […]
Ask Chuck: Explaining The GameStop Frenzy
Dear Chuck, Can you explain what happened with the GameStop fiasco this week? It is very confusing to understand why it was such big news. Shocked by GameStop Dear Shocked by GameStop, Like you, I was stunned by the hysteria to own shares of this seemingly small, struggling retailer called GameStop. It was certainly […]
Ask Chuck: Should I Invest In Bitcoin?
Dear Chuck, I am a young investor and need advice. Bitcoin looks like a great investment. Is now a good time to start investing in it? Bitcoin or No Bitcoin? Dear Bitcoin or No Bitcoin, Before you make the decision to “invest in Bitcoin,” be sure you understand the risks. People are buying Bitcoin […]
Ask Chuck: Coping With Economic Anxiety
Dear Chuck, I don’t think I have ever felt more uncertain about America’s economic future than I do now. Do you see any light at the end of the tunnel? My anxiety levels are growing! Anxious American Dear Anxious American, Your question prompted me to see if there was some measurement of the sense […]
Ask Chuck: Are We Headed For An Economic Collapse?
Dear Chuck, Is America heading towards an economic collapse? If so, how do I prepare? Worried Boomer Dear Worried Boomer, My view is we are headed towards another economic crisis with a low risk of an actual economic and/or currency collapse. In either scenario, there are ways to be prepared. Economic Crisis vs. Collapse […]
Ask Chuck: Preparing for Negative Interest Rates
Dear Chuck, Are we headed towards negative interest rates? If so, how in the world do I prepare for that? Rates Below Zero? Dear Rates Below Zero, This is a great but very challenging question. With our federal funds rate (the cost for our banks and financial institutions to borrow money) essentially at zero […]
