In a nutshell, Lu says tension in the Middle East may contribute to rising prices, but “the primary cause of the steady increase is monetary inflation — central banks creating new money.” Read more. . .
Indeed, banking regulations such as the Dodd-Frank reform are prompting banks to increase fees or deliver fewer services, said Albert Lu, managing director and chief portfolio manager of WB Advisors. Read more…
Other analysts are more wary of the administration being concerned about the cost of producing pennies in the first place. “The fact that the government can no longer afford to mint token coins economically using copper is a sure sign of monetary debasement run wild,” said Albert Lu, managing director Read more…
“The deficit problem is a much bigger problem for China than for the U.S.,” WB Advisors managing director Albert Lu told TheDC. Read more: https://dailycaller.com/2012/02/10/us-china-trade-deficit-now-largest-in-world-histor“y/#ixzz1mOMuIWXF
Other threats include unexpected illness or disability; early job loss; inflation: rates higher than 2-4% could prove problematic; extraordinary low fixed-income yields that penalize savers; rising tax rates as governments attempt to close fiscal deficits, and stagnant real estate prices are just a few, points out Albert Lu, managing director Read more…