Short Memories Harm US

It is hard to believe that Larry Summers has the inside slot for the next Federal Reserve President. As many may recall, but most do not, Larry Summers played a key role in preventing the Federal Reserve and the Securities Exchange Commission from having more...

Asset Location: Handle With Care

An old question has become new again. You have tax-deferred accounts like IRAs and Roth IRAs, and you have accounts that pay taxes every year on the income they receive. Where do you put different types of assets? The answer is that you want to put the most...

A Long-Awaited European Recovery?

Are you enjoying this long respite from reading about the European debt problems? Just a year ago the news scared many observers into thinking that the world was on the edge of a deep economic malaise. The last time Europe made headlines, Greece was going bankrupt,...

The Myth About Obamacare

Whether you like Obamacare or not, the individual mandate is probably the most intelligent proposal that our government has come up with since the 1960s when Medicare was first adopted.  At that time, the US government mandated that anyone in the US has access to...

New Market Highs (Yawn…)

The headlines have been telling us over and over again that the U.S. stock market is achieving record highs, and the not-so-subtle implication is that they have nowhere to go but down. In fact, the “lost decade” of 2000 to 2010 has obscured the fact that,...

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