Now More Than Ever, Beware the Bullish Siren Song
Recent stock market rallies may tempt many investors to jump back into markets. But with more declines on the horizon, that could hurt them financially.
The Hidden Tax Increase in the Tax Reform Bill
While most of the provisions of the newly-enacted tax reform bill were good ones that will help most taxpayers, there is one that has gotten less publicity that won’t benefit taxpayers. That’s the use of chained CPI rather than regular CPI. And if things continue as they have been,...
How You Can Protect Yourself From the Growing Scourge of Counterfeit Coins
Counterfeit coins were once the bane of shopkeepers and their customers all across the world. There’s no worse feeling than selling your goods and suddenly realizing that the coins you’re holding in your hands aren’t really the gold or silver you thought they were. Thanks to the decreased usage...
Yellen’s Final Press Conference Demonstrates Everything That’s Wrong With the Fed
Janet Yellen’s final press conference as Chairman of the Federal Reserve’s Board of Governors underscored everything that is wrong with the Fed and with the modern economics profession. Two particular examples demonstrate that, far from being able to lead the country’s economy, the Fed and modern macroeconomics is hopelessly...
No, This Time Is NOT Different
The Dow Jones Industrial Average has broken record after record this year. After breaking through the 20,000 point barrier in February, the Dow has been on a tear and is currently at over 24,000 points. Since February of 2016, the Dow has gained over 50% and has nearly doubled...
The Fed and Congress Remain in the Dark About the Economy
President Trump’s nominee to head the Federal Reserve System, Jerome Powell, faced his Senate confirmation hearing this week in front of the Senate Banking Committee. Anyone who had been hoping that a Powell chairmanship would differ in any way from that of Chairman Yellen would have been sorely disappointed...
Watch the Declining Dollar
High stock market prices have fooled many people into thinking that the economy is doing just fine, even though that’s not really the case. Economic productivity is still only increasing slightly. And the lowering unemployment rate is more the result of people continuing to leave the workforce than it...
Meet the New Boss, Same as the Old Boss
President Trump recently nominated current Federal Reserve System Governor Jerome Powell to be the next Chairman of the Fed’s Board of Governors, replacing Janet Yellen when her four-year term expires. It’s a puzzling move for a President who was elected based on popular anger at the Washington establishment, and...
Beware the Bond Bubble
It’s no surprise to most investors that bonds, like stocks, have been in a massive boom market over the past decade. In fact...
Will President Trump Take the Blame When Stock Markets Crash?
Stock markets continue to reach record high levels, but it’s only a matter of time before they crash back to earth. When they do...