Where is the Economy Heading Next Year?

by | Jan 23, 2015 | Articles

I wish I knew where the economy will be heading next year. If I did, I might become rich. But, alas, I don’t — and even if we don’t always acknowledge it, no economists do. Too much uncertainty clouds the crystal ball to be confident that any particular course of...

New Policies for Growth

by | Dec 19, 2014 | Articles

As the U.S. economy has slowly, steadily lumbered out of the Great Recession, the biggest drag on recovery has been housing.  As you can see from the accompanying chart, existing home sales have never recovered their 2007 levels, despite several government stimulus...

How Do the Markets Really Work?

by | Dec 19, 2014 | Articles

We all do it.  But what do we really know about investing?  A recent post about investing wisdom features a lot of interesting (and often overlooked) facts and figures, plus some insights from Warren Buffett, Jeremy Siegel, William Bernstein, Nobel laureate Daniel...

Should We Fear—Or Cheer—Plunging Oil Prices?

by | Dec 19, 2014 | Articles

Chances are, you’re celebrating today’s lower gas prices.  AAA reports that the national average price of gas is $2.60 today, the lowest since December 2009.  The result: an estimated $70 billion in direct savings for U.S. consumers over the next 12 months.  At...

Making More, Giving Less

by | Dec 19, 2014 | Articles

You probably read that Microsoft founder Bill Gates and Berkshire Hathaway founder Warren Buffett have pledged to give at least half their wealth to charity, and have convinced 38 other billionaires to do the same.  From that, you might conclude that the wealthier...

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