It’s been a while since we’ve yelled at those darn kids to stay off our lawn so it’s time to complain: What was up with all the gasbags on Friday? Great Britain voted to leave the European Economic Union and with nary a thought appeared article after article proclaiming to know what it means and [...]
“Those who cannot remember the past are condemned to repeat it.” George Santayana (The Life of Reason – 1905) At yesterday’s press conference Fed Chair Janet Yellen admitted what many suspect – the U.S. economy will not soon return to normal. For years The Fed’s projections have been overly optimistic. In-house economists predicted economic activity [...]
Back in the halcyon days of the housing market with a crumbling Fannie Mae and Freddie Mac to contend with a quiet threat to the U.S. financial system appeared in the form of a possible dumping of U.S. Treasury securities held by Russia and China. Both countries with their vast holdings saw the opportunity as [...]
"And the young, they can lose hope ‘cause they can’t see beyond today. The wisdom that the old can’t give away." - Eddie Vedder The above lyric comes from the Pearl Jam song Love Boat Captain – a song lauding love for ourselves and our fellow (wo)man as the one constant that helps us deal [...]
You have the right to remain silent - and to unlock your phone for us! One of life's realities is that the legal system fails to keep up with the pace of technological change. Here's an example where technology forgot about one of life's realities. That is, while people cannot be compelled to reveal passwords [...]
If a tree falls in the woods does it make a sound? If a portfolio is consistent will anyone notice? Many investors claim to believe in asset allocation while maintaining a long-term outlook. Data shows otherwise. The 'buy high - sell low' approach has always been a bane to investors who let their emotions get [...]
For everyone who bashed us for this post we’ll now be “fair and balanced” (but not in the Fox News standard for those terms – ha!). Once again the following is factual and not intended as a swipe at any one person or political party. Once again we suspect it will be construed as such. [...]
On April 20, 2016, Representative Sander Levin – the ranking member of the House Ways and Means Committee – introduced legislation to restore the estate tax rate and exemption level to the same amounts as in 2009. The proposed legislation known as The Sensible Estate Tax Act of 2016 would be a trip back to [...]
The following info is factual. It isn’t intended to be a swipe at any one person or political party although we suspect it will be construed as such. That’s life in 2016. So be it. According to papers released by The White House President and Mrs. Barack Obama had $436,000 of income in 2015 on [...]
The recent release of the “fiduciary rule” from the Department of Labor is being hailed as a boon to consumers. Conflicts of interest in the retirement advice industry are supposed to be a thing of the best. But will they be? Many consumers seek guidance from a brokerage firm. You know them well – Morgan [...]