My Comments: I’ve spoken before about how uncomfortable I get with the increasing divide between the haves and the have nots. That it is real is evidenced by a TV show that features this very idea. What I had not thought about before this was another disturbance in the force between generations. In my generation, …
Continue reading House Price Rises Give Birth to Generational Inequality
My Comments: Yesterday the price of oil dropped below $50 per barrel for the first time in a long time. The stock market dropped. In earlier posts about the price of oil, I suggested there was good news and bad news associated with the drop in the price of gas at the pump. Now that …
My Comments: Here we are at the beginning of 2015 and virtually all of us want to experience good news as opposed to bad news. I suspect we will have some of both as the next twelve months appear. Among the good news I’d like to experience is a recognition by the new Congress that …
I apologize for being philosophical and rambling on, but I am prone to do that as my years accumulate and future years become less certain. Today is January 1, 2015. It’s important for us to recognize this day, the first day of the calendar year. It is significant in human terms, celebrated across the civilized …
My Comments: My hope for the future about this is that I will be wrong. But I’m also aware that hope is not a very effective investment strategy. So, apart from my hope that you and yours have a spectacular 2015, it’s tempered by my expectations of reality. This writer is well known to those …
Growing up, the person who brought presents to good girls and boys was Father Christmas, or when I was in France, Pere Noel. This evening, our four year old grandson will be expecting Santa Claus and a sleigh full of goodies. With luck, Finn will be asleep before he arrives. I take this opportunity for …
My Comments: At this time of the year, there is an almost overwhelming imperative to be positive and cheerful about everything. I asked someone native born in Hong Kong recently about the Chinese people and Christmas. Her response surprised me; she said it was an opportunity to celebrate and enjoy life. So it is with …
My Comments: It’s hard to believe the PPACA (ObamaCare) has been around for so long. And in spite of the new Congress making lots of noises about making it go away, it’s not going to go away. Will it change? Most definitely. Are changes necessary? Most definitely. But the overall intent to bring millions of …
My Comments: The SKY IS FALLING! Actually, it’s not, but many of the headlines suggest it might be. This was published 3 months ago and as you probably know, the bond market has not yet blown up. Lots of things have changed but the bond market is just as boring today as it was then. …
Continue reading Why the Bond Market Could Blow Up Any Day Now…
My Comments: As someone who paid into the SSA system for over 50 years, it’s hard to describe the satisfaction my wife and I experience from the deposits made to our checking account every month. As an economist, I’ve watched how the system has been modified over the years to remain the safety net it …
Continue reading 4 Ways Social Security Could Be Healthy Again
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