My Comments: You've already read my comments about the significance of interest rates. They are going to start going up; when is the big unknown. By Akin Oyedele, September 9, 2015 Larry Summers is convinced the Federal Reserve will make a huge mistake if it raises interest rates next week. Two weeks ago, Summers wrote …
Tag: economics
5 Events of Significance
My Comments: Students are back in school, the morning air is fresher, a stray dog showed up yesterday, I have no doctors appointments this week, and we’re having a garage sale on the 19th. Not significant enough you say? Well, here are five more that confirm my faith in my fellow countrymen. Yes, there are …
Major Bond Warning
My Comments: A recent letter to the editor of the Gainesville Sun suggested there was a conspiracy afoot, run by the US Government, to whit “How was it possible for anyone to survive when banks were only paying 1% on Certificates of Deposit.” While the question itself is legitimate, the context implies a vast ignorance …
A Painful but Healthy Adjustment
My Comments: Reassuring comments here from a trusted thinker on the markets. No guarantees but if you have at least a 5 year time horizon, we will be OK. Just don’t get caught up in the media rhetoric and the pointing of fingers. Almost all of it is stupid, ill informed, and self-serving. Life happens, …
Financial Gravity
My Comments: It's easy to get upset by what is happening to the stock market, the bond market, and trying to make sense of it all. You either quit thinking about it or try to get your brain around it so that it fades into the background. Or not. Most think the crash of 2008-09 …
Pressure Mounts on China
My Comments: None. This speaks for itself. Commentary by Scott Minerd, Chairman of Investments and Global CIO, Guggenheim Partners, August 21, 2015 More bad news out of Asia: Chinese manufacturing conditions are back at the same levels as they were at the height of the financial crisis in 2009, a clear sign that China’s economy …
Saudi Arabia May Go Broke Soon
My Comments: If Saudi Arabia ceases to function and Iran has a nuclear weapon, what are the implications for the rest of the world? I accept that I’ll be just a memory by 2045. However, the United States may then be the only country on the planet with the ability to both unilaterally feed itself …
A Death Blow To An American Industry
My Comments: I rarely post on the weekend, but since it’s August and many of us are driving somewhere for a few days, this seems relevant. It's mostly about the money we pay for gas these days at the pump. But there will be significant ripples across the planet as this plays out. While a …
PPACA Premiums to Rise 4% in California
My Comments: During my 40 years as an insurance agent, I sold my share of health insurance policies. Over these years, it became normal to see annual premium increases of 6% to 8% every year. These increases were driven primarily by Big Pharma (the drug industry) and by hospitals. For them it was the cost …
Is it 1929, 1987 or Something Else?
My Comments: Those of us with money we plan to use in retirement have to pay attention to what is happening to the stock and bond market. If nothing else it helps us decide if we want to manage it ourselves or get someone to help us. I think we’re due for a correction. I’ve …
Helping Define Your Financial Future 