
Debits and Credits Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits....
There are some secrets to generating wealth. Of course, working hard and saving for the future are two paths to success. That’s what many people do. Perhaps it’s more accurate to say that’s what most of us do. The wealthiest people also work hard and save. But their...
Reckless Mistakes False price signals distorted by decades of extreme government intervention have compelled Americans into reckless spending, saving and investment habits. The wide range of mistakes that have taken place are irreversible. Low-interest rates, courtesy...
I have to admit, we’re spoiled. In the past year or so, we realized just how much we enjoy low interest rates. After all, low rates made it possible to buy larger homes. And we got to splurge on cars and other big-ticket items. But we weren’t the only ones taking...
Asking for Trouble The U.S. economy and financial markets often behave in confounding ways. Something that appears to be obvious never materializes. And something of little apparent prospect becomes a major theme. With little indication, for example, gross domestic...
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There are some secrets to generating wealth. Of course, working hard and saving for the future are two paths to success. That’s what many people do. Perhaps it’s more accurate to say that’s what most of us do. The wealthiest people also work hard and save. But their...
I have to admit, we’re spoiled. In the past year or so, we realized just how much we enjoy low interest rates. After all, low rates made it possible to buy larger homes. And we got to splurge on cars and other big-ticket items. But we weren’t the only ones taking...
I expect major market averages to fall. But that’s a short-term opinion. I outlined some of my reasons for that last week. Momentum, seasonals and pattern analysis all point to a top. However, that doesn’t mean another bear market is lurking. Remember that markets...
There are some secrets to generating wealth. Of course, working hard and saving for the future are two paths to success. That’s what many people do. Perhaps it’s more accurate to say that’s what most of us do. The wealthiest people also work hard and save. But their...
I have to admit, we’re spoiled. In the past year or so, we realized just how much we enjoy low interest rates. After all, low rates made it possible to buy larger homes. And we got to splurge on cars and other big-ticket items. But we weren’t the only ones taking...
As earnings season unfolds, we need to watch two key metrics that could sink the stock market. More than likely, both will contribute to a sell-off in the coming weeks. Stock prices go up when investors expect earnings to grow. In general, earnings can grow when...
For hundreds of years, bad times have followed good times in the economy. The Roaring ‘20s were followed by the Great Depression. The post-World War II boom in the U.S. was followed by a decade of high inflation. The same pattern holds around the world. Bankruptcies...
The Mass Culling of Payrolls Has there ever been a worse time to be a lowly American wage earner? First, Washington spewed out $6 trillion in printing press money. This pushed consumer price inflation to a 40-year high. At the same time, it diluted wages from a...
Debits and Credits Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits....
Did Santa Claus come early this year? After hitting lows for the year in early October, the stock market had a very pleasing bear market rally. For the months of October and November, the S&P 500 bounced up over 13%. So far, December has been much less satisfying....
Here’s some good news for you. Not everything our government does is ludicrous. Once in a while, our leaders manage to do something right, despite decades of experience in mucking things up. It’s easy to forget that the government implemented 401(k) plans and...
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