Prolific U.S. oil production raises questions about a new tipping point
Friday Breakfast with Benjamin highlights the downsides to cheap U.S. oil. Plus: Maybe you don't need long-term-care insurance, the high risks of not saving for retirement, Putin becomes a gold bug, and why you might get a raise in 2015.
- U.S. oil production has reached its highest level since 1986, and oil is down to below $75 a barrel. It feels good now, but there are downsides to cheap oil, and the U.S. doesn’t control the price. U.S. on tap to be the world’s largest oil produce.r
- Rethinking long-term care insurance. The hard-sell that made it so popular is now coming face to face with real-life scenarios that show LTC shouldn’t be a top priority. Looking at monthly instead of annual data changes everything
- The high price of putting off saving for retirement. Start saving, or die trying. ‘There’s no lost-and-found for retirement savings’
- Putin turns out to be a secret gold bug. He must know something. Russia accounted for 59% of net gold purchases by central banks in the third quarte.r
- It is a safe bet you’ll be getting a raise next year. At least a safer bet than it was last year. The bad news is, you’re still making less money than you were before the financial crisis.
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