Giving Candy to a Baby Since everyone knows the US now has the “greatest economy, the likes of which the world has never seen….” what can be done for an encore? I have some good ideas. First, let’s stimulate the economy with tax cuts. Consumer spending drives...
Social Security – Fix or Fumble the Political Football The Center for Retirement Research at Boston College reports that the Social Security “trust fund” is due to deplete its surplus reserves by 2035. Contrary to sensationalized reports, the authors illustrate the...
The Rebound from December The business channels keep alarming us about a potential recession and the upside-down yield curve. The stock market ignored the pessimism rebounding from December’s intense selloff. Indeed, stock markets found comfort in the temporary magic...
They Don’t Always Go Up A market decline was overdue. 2018 was the first year since 2008 that over 90% of major asset classes declined. The December declines were the worst since 1931. The 20% decline from September’s market peak pushed us into bear market territory....
Q3 Highlights: A judge who likes beer, rising interest rate fear, and an intensifying trade war. The US 10-year bond rate is a good proxy for the cost of money. If you need credit to buy a house, car, invest in a business, etc., the rate matters. For example, when...
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