My Comments: Is it my imagination or are more and more folks finally accepting the fact that the earth is warming up? Why it makes any sense to deny the obvious is beyond me. Now, whether we can do anything realistic to stop or even slow it down is an unknown. But as I've mentioned …
Tag: economics
The New Fed Chair Should Not Be One of the Usual Suspects
My Comments: I recently posted a blog in favor of Lawrence Summers to replace Ben Bernanke as chair. I also suggested that Janet Yellen would be OK. Now here is another argument that unfortunately makes a lot of sense. Clearly, whomever is ultimately chosen by Obama is going to have a huge impact on global …
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Social Security: A Windfall For the U.S. Government?
My Comments: I’ve talked about Social Security from time to time in this blog. I’ve expressed my opinion which contradicts that of my son (age 41). He thinks it’s unlikely he’ll ever see any benefits from what all of us know as Social Security. Some 30 years ago, there was widespread perception that it could …
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Barack Obama Declines to Correct His Egyptian Mistake
My Comments: You may ask yourself why, as a financial advisor to individuals and small business owners, would I care about what happens in Egypt. Your are right in that whatever happens in Egypt is not going to greatly influence how you and I live our lives here in north central Florida. But it matters …
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How the Wealthy Keep Themselves on Top
My Comments: I've expressed my opinion, in earlier posts, that among the challenges facing my children and grandchildren will be the disparity in this country between what we call the "haves" and the "have nots." If they allow this disparity to get too great, then they are dooming their children to eventual social chaos. This …
Bump Up the Minimum Wage
My Appologies for no post yesterday. I had the pleasure of having a kidney stone surgically remove. Those of you who have had kidney stones know how much fun I had. When I entered the workforce many, many years ago, I think the minimum wage was $1.75 per hour. Everyone screamed that it would put …
Why Obama should pick Summers to lead the Fed
My Comments: I’ve made it clear over the past few years that I am not a fan of austerity. I believe the government has a mandate to push the envelope to make sure that ALL of us are included when it comes to sharing the pie. Can we push too hard? Oh, yes, and the …
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Bits and Pieces
DOW HIGH - The Dow swung in and out of negative territory July 31st, but was up more than 100 at its session high, setting a fresh intraday record of 15,634.32. The S&P 500 and the Nasdaq held their modest gains. Earlier, the Nasdaq hit its best level since October 2000. All three major averages …
5 Reasons Americans Have the Economic Blahs
TK: “My sentiments, exactly!” By Drew DeSilver | July 25, 2013 Four years into the current recovery, the views of most Americans about the economy can be summed up as “meh.” According to a Pew Research Center survey conducted last week, 45% of Americans rate the national economy as “only fair,” and 37% call its …
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Your Grandchildren Have No Value
My Comments: I read this writers articles from time to time as his primary focus is the world of investments and how to make money. That's also my professional world. When this one crossed my screen, I took notice since the issue of climate change is very real, in my opinion, and will become an …
Helping Define Your Financial Future 