My Comments: There are changes afoot, and our President Elect seems to have no clue but then Hillary missed it too. In all fairness I didn’t see it either until I read this and it served to crystalize some thoughts I’ve had related to the income inequality so many of us are worried about. Income …
Category: Economy & Markets
We See the Glass as Half Empty, Yet Our Cup Is Overflowing
My Comments: The Prophet of Doom is not yet vanquished but… hopefully soon. Marian L. Tupy | Wednesday, October 26, 2016 It is perhaps an understatement to say that we live in an era of great pessimism. This pessimism, while not distributed evenly across the world, appears to be felt most acutely in many Western …
Continue reading We See the Glass as Half Empty, Yet Our Cup Is Overflowing
The Stage Is Set For The Next 10% Plunge In Stocks
My Comments: Some of you are starting to call me tiresome. And you are right; I keep saying the sky is about to fall and it never happens. But ignore me at your peril. Actually, if it only falls 10%, we can all recover quickly and go about our lives once again. But my guess …
Continue reading The Stage Is Set For The Next 10% Plunge In Stocks
How Jobs Are Created in Our Economy
My Comments: The actual title that caused me to read this article follows my comments. Since man began gathering in tribes, society was to some extent defined by the jobs it’s members performed and how that justified their existence in their tribe. It’s just a lot more sophisticated these days. Jobs change over time; no …
Bill Moyers: Economic Inequality Is a Threat to the Very Core of Our Democracy
My Comments: The system is rigged; just not the way you think it is. These words by Bill Moyers are almost enough for a book. So be prepared. I’m increasingly persuaded that the social ills in this country, from racism, to mysogeny, to conflict with law enforcement, all down the line, are highly correlated with …
Continue reading Bill Moyers: Economic Inequality Is a Threat to the Very Core of Our Democracy
America’s Economic Mess
My Comments: Like a pig going through a python, baby boomers represent a demographic with staggering economic implications. I’m on the front end of that demographic, and those of you behind me are coming to terms with the concepts of retirement and getting older. It’s the primary reason we perceive there’s a change happening in …
Investor Fears Mount as FTSE Reaches Near-Record Highs
My Comments: I’m trying very hard to avoid “irrational pessimism”, the polar opposite of “irrational exuberance”. But at my age, if things go downhill in a hurry, I’m going to be toast. Many of my clients over the years had parents that grew up in a family that was killed economically in the Great Depression …
Continue reading Investor Fears Mount as FTSE Reaches Near-Record Highs
Trump vs. Clinton: 10 Ways the Next President Will Impact Your Wallet
My Comments: New and existing clients are asking me what I think will happen to their money after the election. My gut tells me there will be a correction before long anyway. If Trump is the winner, the correction could be dramatic with chaos in the years ahead. If Clinton is the winner, the correction …
Continue reading Trump vs. Clinton: 10 Ways the Next President Will Impact Your Wallet
What All Bubbles Have In Common
My Comments: My brain is tired. Too much political angst, too much monetary crap, not enough positive feedback. And here’s some more monetary crap. But if you are like me and are not expecting to win the lottery anytime soon, then bubbles become important. And like it or not, they tend to burst and create …
6 Reasons The US Stock Market Is Doomed
My Comments: My type A personality is having a hard time not knowing just when the next market correction is going to happen. The six reasons expressed in this article are, in my opinion, very credible. Some clients have recently abandoned me because I’ve been preaching patience. We’re rapidly approaching the point where the only …
Helping Define Your Financial Future 