Robert Reich, the Secretary of Labor from 1993 to 1997, is a well known liberal economist and lawyer. He brought to my attention yesterday, moves being taken by the current administration in support of American industries. I’m of mixed mind about what’s being proposed. Yes, it’s true that right now the US economy is headed …
Category: Global Economics
Economics 101 and The Virus
My Comments: By now most of us are feeling shut in and wondering if this chaos is ever going to end. And by that I mean not only the virus part but the political part as well. Talk about bottomless pits. Meanwhile, the stock and bond markets have tanked, many people are freaking out, with …
The Butterfly Effect
My Comments: When these words appeared from Scott Minerd just last Monday, they described a world that, five days later, is very different. That’s hard to get your mind around. Virtually all of us across the planet are now resigned to a complete disruption of our normal lives for the next several months. Perhaps if …
Some of the world’s biggest economies are on the brink of recession
This headline article was written before the recent chaos on the New York Stock Exchange and yesterdays 2000+ point drop. There’s a temptation to either bail out completely or start buying more positions if you have cash ready to put to work. Personally, I have some cash but I’m going to wait a few weeks. …
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A Sign of The Times
I’ve experienced market chaos similar to what’s happening now in the first months of 2020. When it happens, there’s great gnashing of teeth, people freaking out everywhere, and catastrophists appear everywhere on TV and the internet. Unfortunately, some people’s lives will be turned upside down. One can make an analogy between this market chaos and …
Is Humanity Under Threat?
My Comments: Fundamentally, I'm an optimist. I like to think the glass is half full. In the almost 7 decades I’ve lived on this planet, by and large, I’ve been very lucky. Increasingly, however, I’ve come to think that before long, the glass will be half empty. Some of that comes from the fact that …
IMF boss says global economy risks return of Great Depression
My Comments: Few of us remember the Great Depression. Most of us remember the Great Recession. It happened in 2008-2009 and was a financial disaster for many of us, despite it not being characterized as a “economic depression”. Since then, we’ve been watching the stock market march upwards, though with increasing nervousness. Is this time …
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Bob Doll’s 10 Predictions for 2020
My Comments: Memory tells me I met Bob Doll a few times some 25 years ago. I think he was affiliated with Oppenheimer Funds, one of the mutual fund companies that I favored. I remember him as interesting, informative, and rational. His 2019 predictions were mostly right, getting 8 out of ten correctly. He says …
70 years of urban growth in 1 infographic
My Comments: The number of humans on this planet keeps growing. All of us need food and water to survive. And most of us are living longer and longer. All of this is producing profound changes in how we live our lives, our politics, where we live and how we respond to threats, both perceived …
Opinion: President Trump’s missed opportunity with Ukraine
My Comments: While I didn’t vote for Donald Trump, once he became President, I wanted him to succeed. If it weren’t so disturbing, it’s become almost comical to watch someone act as though he wanted to fail. I’ve long been hesitant to write political posts. Since I earned my spending money as a financial professional …
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Helping Define Your Financial Future 