It's true that this week's big news is the situation in Iran, and you're likely familiar with that news by now. Frankly, there's not much that I can add to that story at this point in time. It could affect the stock market — and I'll be watching for that. But I'm also watching a story many investors missed. The story I'm watching comes out of Africa, and it reminds me of the Asian contagion market crash — the late-90s financial crisis that started in Thailand. —Recommended Link— "Pfizer Of Pot" Could Put Your Retirement On… Read More
It's true that this week's big news is the situation in Iran, and you're likely familiar with that news by now. Frankly, there's not much that I can add to that story at this point in time. It could affect the stock market — and I'll be watching for that. But I'm also watching a story many investors missed. The story I'm watching comes out of Africa, and it reminds me of the Asian contagion market crash — the late-90s financial crisis that started in Thailand. —Recommended Link— "Pfizer Of Pot" Could Put Your Retirement On Easy Street With 56 approved U.S. patents, one overlooked biotech has quietly cornered the medical marijuana market. Investors who take action before the company's name is plastered over the evening news could turn a $5,000 stake into $154,435. But you'll need to move quickly… Wall Street vultures are circling. Click here for details. Currency Crisis — Then And Now Like other Asian countries, Thailand had enjoyed rapid growth and low inflation over the previous 10 years. One reason for this was the stability of the country's currency, which was pegged to the U.S. dollar. In… Read More