My Comments: Ben Bernancke is no longer Chairman of the Federal Reserve. However, before he became chairman he was widely recognized as a world class economist and an expert of the Great Depression. It was that expertise that gave him so much credibility as he maneuvered the Fed through 2008-2009 until earlier this year. There …
Continue reading Bernanke Says 2008 Worse Than Great Depression
My comments: Yes, I know this should have been posted several weeks ago. But I didn’t have it then. The advice come from an attorney in Michigan by the name of Julius Giarmarco whose website can be found HERE. I’m unsure how rules in Michigan differ from any other state but I suspect the fundamental …
My Comments: I’m very conflicted by current events in the Middle East. On one hand I’m a dove, sick and tired of the hatred and death and tribal motivations of the people involved. It also reinforces my discomfort about religion since the conflict always seems to be driven by a false belief that “my God …
My Comments: Football season is about to start, Ukraine is still bothered by the Russians, and Ferguson, Missouri is still a mess. So here I am talking about the stock market and an index I have never heard of before. I suspect you haven’t either. But there is reference here to the Misery Index, which …
Continue reading Gauging The Stock Market With The Tocalino Index
My Comments: You have read my posts before where I talk about income inequality (the HAVES vs. the HAVE NOTS) and how if left unchecked, could result in social chaos in this country. Probably not in my lifetime, but definitely affecting the lives of my grandchildren. It’s an issue that demands discussion among ourselves and …
Continue reading The Typical Household, Now Worth a Third Less
My Comments: On Thursday, July 30 the market dropped 300 points. The blogosphere and media were all a chatter about "was this the start of the correction?". Who knows ?!? It illustrates why those of us who profess to be financial advisors are more in the dark than you are. Here we are talking about …
Continue reading Increased Consumer Spending Driving Strong Economic Growth In USA
My Comments: Math was not and remains not one of my strengths. But I understand this part. If you are younger than I am and have an opportunity to put some money to work, you need to push the envelope and make it happen. Whether you do or not, the price you pay for stuff …
Continue reading These 3 Charts Show The Amazing Power Of Compound Interest
My original idea was to post these every week or so. (That didn't work out too well! ) Many people like to make their own investment decisions and this recap is a great way to gain insight into what is going on globally. This weekly broadcast from J. P. Morgan will give you some insights …
Continue reading J.P. Morgan Weekly Market Recap – July 21, 2014
My Comments: Yes, It's Monday but please, don’t be turned off by the topic. I know economics is often a complicated and boring exercise, but what follows is not only compelling, but written so that most anyone will understand it. This is quite different from what you hear on television and from political pundits that …
My Comments: No, we are not doomed. But I can’t recall this much rain every day, some of it at night, when there wasn’t a hurricane. I’m sure it happened, but I don’t remember. Does it have an effect on the economy? Experts agree last winters’ storms had an effect. So it’s worth paying attention …
Continue reading World Weather Gone Haywire – Effects On… CRB Index and The Economy
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