Turkey’s lira crisis has the potential to spread globally. As Matt Phillips writes in the New York Times, the 20% collapse of Turkey’s currency has investors anxiously watching to see if other countries follow in its wake. The Optimism Index for the NFIB (National Federation of Independent Business) is nearing an all-time high. Jill Mislinski takes a look into the numbers behind the rising index. Older Americans may not realize the risks of moving into a retirement community without doing proper due diligence. CNBC highlights the homework you should do before you sign over your retirement savings.
Why Turkey’s Lira Crisis Matters Outside Turkey– Investors are fretting about emerging markets again. Turkey is the front-burner concern at the moment, but what really is getting people’s attention is the prospect that the financial problems there could spread to other fast-growing but risky countries. If history is any indication, that has the potential to quickly turn a local crisis into a global one. Read more…
Small Business Optimism Index Nears Survey High In July– The Small Business Optimism Index marked its second highest level in the survey’s 45-year history in July. The report set new records for owners reporting job creation plans and job openings. Read more…
Do Your Homework Before Moving Into A Retirement Community– Retirees hoping to spend their golden years in an idyllic retirement community should slow down before signing over their savings. The arrangements are convenient and often luxurious, but some older Americans may overlook the financial due diligence they need to undertake before committing to a facility. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller