By Peter Orszag Improved value would have more fiscal impact than any policy change, says Peter Orszag Healthcare costs are the core long-term fiscal challenge facing the US – and yet also the best hope for cushioning workers from globalisation. This is why the recent deceleration of these costs is so encouraging – and why …
Category: Investing Money
Roubini: Five Economic Risks for 2013
My Comments: Nouriel Roubini is one of those intellectual giants in the world of finance that I enjoy following. He's generally an optimist who is right perhaps 50% of the time. I'm more comfortable with that than a pessimist who is always preaching woe and gloom and is right 25% of the time. By Danielle …
Innovation and Sustainability Are Key to Recovery
While there are still challenges, there are opportunities for recovery My Thoughts About This: The older I get, the shorter my time horizon gets for convincing others of my success as an investment advisor. If I thought I would need the money fifty years from now, there is little question how it should be invested. …
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Is the Bond Bear Market Finally Here?
By Joyce Hanson, AdvisorOne The broad high-quality bond market began 2013 on a sour note with a sell-off, posting its worst weekly performance since March 2012, as U.S. Treasury prices declined on news of a fiscal cliff resolution, LPL Financial’s bond expert reported Tuesday. While LPL doesn’t believe the sell-off is the start of a …
The Crisis of the Middle Class and American Power
My Comments: Yesterday, a friend attended a luncheon where the speaker focused on our “debt crisis”. His position was that it is much worse that suspected, that it approaches $65 Trillion. That’s Trillion, with a “T”. I have no way to know if this is true or not, but to whatever extent it is real, …
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Bullish Bets Rising In Commodities
My Comments: For some years now, there has been a slowly growing recognition that the investment world has more than two basic elements. We’ve always thought stocks and bonds. Sure, there were always outliers but they were never given the same formal recognition given to stocks and bonds. Today, many of us refer to the …
The Smartest Kid In Summer School
My Thoughts on This: Many of us in the investment world are wondering, as we always do at the beginning of every year, how this new one is going to unfold. After all, we get paid to help our client’s accounts grow, not shrink. So we read the tea leaves like everyone else and come …
Doll Predicts New U.S. Stock High, Slow Economic Growth
My Comment: I first met Bob Doll some 25 plus years ago when he was a regional representative for what I recall as Oppenheimer Funds. He made intelligent presentations and clearly had his act together. Over the years he has appeared in various high profile positions within the industry and has always been pretty close …
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S&P 500 Will Hit Record High in 2013: Birinyi
Stock guru sees extended run-up for stocks; 'everybody into the pool' My Comments: Laszlo Birinyi is one of those people who have made both good and bad predictions before yet are almost always seen as having a better insight into the future than the rest of us. Whether we hit a record high in 2013 …
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Best 5 Investment Picks for 2013
My Thoughts on This: I guess it’s time to start thinking again. The heavy part of the holidays are over and pressure is building for us to confront the new year. I’m not sure why I’m sharing this with you because I’va also been reading posts by people in the know who made predictions last …
Helping Define Your Financial Future 