Protect Your Future Today
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...
Deutsche Bank’s chief international economist recently published a list of the top 30 risks to financial markets in 2018. While many of them are only of importance to sophisticated financial investors who take positions on certain market movements, some of the bigger picture issues could cause broader risks to...
The government shutdown drama has come to an end… for the next two weeks. Kicking the can down the road yet again, Congress has authorized a two-week spending bill, meaning that come December 22nd this whole mess will be back in the headlines yet again. The thinking behind a...
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...
401(k) accounts have become one of the most popular savings plans for employees looking to save for their retirement. Of the $26.6 trillion in retirement assets held by Americans, $5.1 trillion are held in 401(k) accounts. Even though only about 14% of employers are estimated to offer a 401(k)...
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...
In a recent interview with Fox Business, former Federal Reserve Chairman Alan Greenspan warned about trying to stimulate economic growth. While growth in economic productivity continues to remain limited, the Trump Administration has adopted a 3% annual GDP growth target as one of its aims. Greenspan believes that the...
Thanksgiving may be over, and we may be recovering from our food comas and trying to work off the extra pounds we put on, but that’s no reason to stop giving thanks for all of our benefits. For American investors, in particular, there are many things to be thankful...
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...
One of the greatest benefits of the post-World War II economic boom was that many workers became so well off that they could retire comfortably once they reached their golden years. The days of living paycheck to paycheck and having to work into old age until no one would...