Protect Your Future Today
One thing that’s almost universally true of the financial media is that they are ignorant of economics. Read just about any financial commentator and you’ll find articles chock full of bad economics and debunked fallacies. Whether it’s the “benefit” of higher government spending contributing to GDP growth, the necessity...
To millions of American investors, the bull market in stocks of the past few years has added billions of dollars to their 401(k), IRA, and other retirement accounts. Most investors don’t know or care why stock markets have shot up so much, but they certainly enjoy benefiting from that...
With stock markets near all-time highs and economic data such as GDP and the unemployment rate looking rosy, many investors have been lulled into a false sense of security, believing that the economy is going strong and that they’ll continue to make gains well into the future. But that...
In the aftermath of World War II, the United States was not just a military superpower but also an economic superpower. As the world’s largest economy and with the dollar being established as the world’s reserve currency, the US government had no qualms about taking advantage of that position....
One of the temptations that most investors fall prey to is the temptation to check the value of their investment portfolio on a daily basis. When prices rise significantly, they feel great; when prices drop significantly, they feel like they made a bad decision. But looking at things in...
Retirement planning is one of those things that is necessary for everyone to do, but that everyone hates actually having to do. The myriad options available in terms of investment assets, the multiple firms competing for your business, and the knowledge that making a mistake could costs you thousands...
It’s no secret that the US government has a problem with spending and debt. For decades the government has consistently spent more money than it takes in, requiring it to issue debt to fund its operations. Even the so-called years of budget “surpluses” in the late 1990s resulted in...
One of the difficult parts of planning for retirement is figuring out just how much money you’ll need to live on. With no wage income coming in after you retire, your income stream will depend on what you’ve been able to save and invest over the course of your...
Fed Chairman Jerome Powell attended his first Jackson Hole symposium as Chairman last week. His inaugural speech to the Kansas City Fed’s annual event was widely anticipated and closely watched by market observers. And to no one’s surprise, his understanding of the economy is just as flawed as that...
Some of the highest-flying stocks of the past few years have been tech stocks. With the rise of cryptocurrencies and the creation of “disruptive” companies such as Uber and Airbnb, investors have been falling all over themselves in an attempt to cash in on the latest tech boom. Whether...