My Comments: We all want it to be over, but despite what this guy says, it may just be wishful thinking… Oct. 27, 2015 By Luciano Siracusano, III Back on July 20, with U.S. stock indexes not far from their yearly highs, I said on CNBC that I expected the market to become choppier over …
Category: Economy & Markets
The Fed’s Dilemma
My Comments: Last week the Fed board of governors met and nine of the ten voted to NOT raise the Federal Funds Rate. That’s the rate charged to commercial banks who borrow money from the Federal Reserve. It’s the fundamental tool used by the central bank to influence the economy. For those of you who …
Capitalism Can Defeat Economic Inequality
My Comments: I came across this the other day and failed to note the source. As an economist interested in the sustainability of the economy and sensitive to the growing divide between the haves and the have nots in this country, it caught my attention. I'm not saying whomever wrote this is right. I think …
A Global Recession Underway?
My Comments: The ability to accurately predict the future is something I cannot do; if I could, you wouldn’t be reading this blog post. On the other hand, I’m OK with saying an economic downturn is very likely already under way. The writer below suggests it will bottom out sometime in 2017. So, do we …
A Painful but Healthy Adjustment
My Comments: Reassuring comments here from a trusted thinker on the markets. No guarantees but if you have at least a 5 year time horizon, we will be OK. Just don’t get caught up in the media rhetoric and the pointing of fingers. Almost all of it is stupid, ill informed, and self-serving. Life happens, …
Pressure Mounts on China
My Comments: None. This speaks for itself. Commentary by Scott Minerd, Chairman of Investments and Global CIO, Guggenheim Partners, August 21, 2015 More bad news out of Asia: Chinese manufacturing conditions are back at the same levels as they were at the height of the financial crisis in 2009, a clear sign that China’s economy …
2 Phase Bear Markets
My Comments: This is a great overview that needs to be read and understood if you have money in the markets, especially retirement money. If you know how, you can find ways to make it grow when everyone around you is falling backwards. There is a link so you can see the great visuals and …
Obama’s Climate Plan Makes for Canny Politics
My Comments: In keeping with tradition, the President’s critics are having the usual hysterics about his recent announcement designed to reduce carbon emissions. If I were the owner of a bunch of coal mines, I’d probably be unhappy too. But for the rest of us who don’t own coal mines, which is virtually all of …
Continue reading Obama’s Climate Plan Makes for Canny Politics
Is it 1929, 1987 or Something Else?
My Comments: Those of us with money we plan to use in retirement have to pay attention to what is happening to the stock and bond market. If nothing else it helps us decide if we want to manage it ourselves or get someone to help us. I think we’re due for a correction. I’ve …
How to Fix Our Interstates
My Comments: As a resident of Gainesville, Florida since 1959, I remember when I-75 appeared locally. Bud Johnson and I would explore the countryside on our bikes on weekends. Among my memories are a bridge under construction near Warren’s Cave and I-75 was simply a cleared trail through the woods. Another day we found ourselves …
Helping Define Your Financial Future 