My Comments: Wouldn't it be nice if the world and our lives were able to move from one month or year to the next with no unnecessary drama. But it doesn't, perhaps because it can't. Why the issue of Syria caused the markets to leap about earlier this week was the focus of commentary by …
Category: Economy & Markets
‘Mission in a Bottle’
My Comments: Book reviews are way outside my normal comfort zone. But this book is about entrepreneurship, which is way inside my comfort zone. I have not yet read the book, but I have plans to. Review by Jason Abbruzzese | August 21, 2013 4:47 pm Mission in a Bottle: The Honest Guide to Doing …
How the Wealthy Keep Themselves on Top
My Comments: I've expressed my opinion, in earlier posts, that among the challenges facing my children and grandchildren will be the disparity in this country between what we call the "haves" and the "have nots." If they allow this disparity to get too great, then they are dooming their children to eventual social chaos. This …
Bump Up the Minimum Wage
My Appologies for no post yesterday. I had the pleasure of having a kidney stone surgically remove. Those of you who have had kidney stones know how much fun I had. When I entered the workforce many, many years ago, I think the minimum wage was $1.75 per hour. Everyone screamed that it would put …
Why Obama should pick Summers to lead the Fed
My Comments: I’ve made it clear over the past few years that I am not a fan of austerity. I believe the government has a mandate to push the envelope to make sure that ALL of us are included when it comes to sharing the pie. Can we push too hard? Oh, yes, and the …
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Am I Guilty? (And if I am, What Happens Next?)
My Comments: I’m interested in the debate about privacy, how it’s defined these days (or NOT), and as a society immersed in digital communication, how the boundaries of “acceptable” behavior are ultimately established to the benefit of ALL of us. By definition in the US Code, this blog post could be defined as “giving comfort …
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Globalisation in a Time of Transition
My Comments: For investors, being exposed to the global markets is a given. But it wasn’t so long ago that if you invested outside the US, you were either nuts or exceptionally aggressive. Early in my days as an investment advisor, I became associated with a firm in Winter Park, FL called International Assets Advisory …
PPACA Premiums Lower Than Expected
My Comments: Those of you who read my posts regularly know that I am a proponent of the PPACA. I fully expect it to morph over the next several years as unexpected and unintended consequences surface. Ten years from now, it will only resemble the initial legislation. The source of this article is generally very, …
US Deficit Falls Faster Than Expected
My Comments: It would be easy to get overly excited about this. Certainly it’s good news but to believe it’s a fundamental shift in the economy is stretching things. For one thing, the sequester that happened recently simply means that the Federal government is spending less money. But for those of us looking for good …
Stuck in the Mud: Beyond America’s Fiscal Trench Lines
My Comments: I recall a conversation I had some three years ago where someone asked me if I followed Keynes or did I follow the Austrian approach. Not knowing at the time just what this person was asking, I responded “Keynes” since I knew more or less how Keynes mind worked and had no idea …
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Helping Define Your Financial Future 