My Comments: Arguments about being debt free have been with us forever. For those of you who understand economics and finance, there’s a need to differentiate between debt as a micro-economic vs macro-economic issue. On a personal level, the micro-economic level, we live finite lives. What we owe or don’t owe, significantly influences how we …
Category: Global Economics
As a Kentucky mill shutters, steelworkers see the limits of Trump’s intervention
My Comments: This is a fascinating, and troubling, article that reveals two things to me. The first is that what we hear and read about at the national level has an abstract reality that as individuals we can usually only experience intellectualy. We may like it or we may hate it, but our response is …
Continue reading As a Kentucky mill shutters, steelworkers see the limits of Trump’s intervention
World Economy is Sleepwalking Into a New Financial Crisis.
My Comments: Roughly 30 years ago we were in a recovery phase following the great market crash in 1987. The next decade saw the run up to 2000, which saw massive amounts of money spent on computers and technology. By the turn of the millennium, we had the dot.com bubble, where all that money spent …
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The Rot in the Obama-Trump Economy Is Beginning to Stink
My Comments: I have issues with this article title. For one thing, it only stinks if you have a good sense of smell, or in this case an intellectual curiosity to explore things you don’t already fully understand. Unfortunately, there’s a substantial percentage of our population that has no clue what we’re talking about and …
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The Trump Presidency May Have Just Entered Its ‘Endgame’
My Comments: I’ve practiced as a financial planner and investment advisor for over 43 years. During those years I’ve held myself to what is known in law, medicine, accounting, and other professions as a fiduciary standard. Simply stated, our actions and behavior must be legally, morally, and perhaps ethically, in our client/patients best interest. Period. …
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Republicans Hate Deficits. Or at Least That’s What They Claim
My Comments: First my apologies for those of you who have little understanding of economics. You are clearly not alone as this article suggests. I’m reasonably well versed, having studied it since I was a college sophmore some 50 plus years ago. I consider Paul Krugman among the foremost authorities on global economics and his …
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The death of our Siemens factory is the result of another Trump lie
My Comments: What is described here is gut wrenching for me. Much of that is because the Democratic Party was, and perhaps remains, tone deaf to the malaise that gripped working people across the country as we approached 2016. As before, we cannot remake the past, only influence the future. My efforts to make positive …
Continue reading The death of our Siemens factory is the result of another Trump lie
Why the American Middle Class Is Disappearing
(and What It Will Mean for the Economy) My Comments: I’ve written previously about the danger of income inequality. You only have to look at countries in the middle east to understand the chaos and turmoil in countries where the middle class barely exists. Any population without a realistic ability to rise above poverty is …
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The clear message in the United States’ shifting demographics
My Comments: Do you want to re-invent the present so it more closely resembles the past that you know and understand and were happy with? Good luck with that. The present and the future is the only thing we can influence. Whether it’s over millennia or the next decade, the sooner you come to terms …
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Life is going to turn very nasty if we can’t solve the growth puzzle
My Comments: I’ve written before about income inequality and the effect it will have on society if we do not find a solution. The ever long crisis in the Middle East arises from vast segments of the population having very little compared to a small ruling class who have a lot. Using religion as a …
Continue reading Life is going to turn very nasty if we can’t solve the growth puzzle
Helping Define Your Financial Future 