My Comments: I argued last week (Is Capitalism Killing America?) that pure communism and pure capitalism are flawed economic models for society. They simply define the ends of a continuum along which we as a society are struggling to place ourselves. I think this topic needs a better understanding. Mindful that economics is as easy …
Continue reading The End Of Capitalism Is Already Starting–If You Know Where To Look
My Comments: The article below by Jane Bryant Quinn in the AARP Bulletin are fine, as far as they go. My initial reaction was to reject her comments out of hand as they reflect a bias that to my mind is not accurate. But then I decided to expand on her thoughts. I apologize if …
Continue reading FIA: Dream Investment or Potential Nightmare?
My Comments: This thought comes from Neel Kashkari, President of the Minneapolis Federal Reserve Bank. I repeat them here for two reasons: one, investment returns correlate positively with economic growth and two, young people in this country are having fewer children. Why are we encouraged to fear immigrants and immigration? What threat do they actually …
My Comments: You’ve heard me say that income inequality is the greatest existential threat to our society going forward. If we allow the disparity between the haves and the have nots to become wider and wider, it’s only a matter of time before chaos will reign. People want what money will buy. Companies will manufacture …
Continue reading X Marks the Spot Where Inequality Took Root: Dig Here
My Comments: We’re in the middle of a national re-assessment of who we are as a nation, what we value, and how we want our lives to play out going forward. It’s a stressful time for a lot of reasons. Our nation today is very, very different from the one found by father and his …
I’m part of our aging workforce. I’m semi-retired, spending less money every month than I used to, and knowing that I have far fewer years to live than those in my children’s generation. To have the same successful retirement that I’m hoping for, they will be fighting the same battles I’ve fought, but likely for …
My Comments: I wasn’t here in 1929 but I was here in 2000. If there is such a thing as handwriting on the wall, you should be able to see it. We’d had a great run up and the year 2000 was just around the corner. Everyone was worried that our computers would crash because …
Continue reading U.S. Stock Valuations haven’t been this Extreme since 1929 and 2000
My Comments: I wasn’t here in 1929 but I was here in 2000. If there is such a thing as handwriting on the wall, you should be able to see it. We’d had a great run up and the year 2000 was just around the corner. Everyone was worried that our computers would crash because …
Continue reading U.S. stock valuations haven’t been this extreme since 1929 and 2000
Wednesday = Global Economics If you are anything like me, you’re uncomfortable with the forces at work across society that are creating tension, fear and animosity everywhere you look. When you add the ever present slurs and crude expletives, the message often gets lost. My definition of civility is way out of date. Instead of …
Continue reading Neoliberalism: the idea that swallowed the world
My Comments: To Make America Great Again, the presumably well intentioned mantra for those leading the GOP these days, someone has to overcome ignorance of economics and start paying attention to reality. A positive corporate bottom line is the driving force for a healthy US economy. To reach that goal, we need people willing to …
Continue reading The Danger From Low-Skilled Immigrants: Not Having Them
Helping Define Your Financial Future 