Aug 30, 2021
If you're concerned that the equities markets are going insane and that you might need to adjust your plan, you're not alone. Let's first shed some light on the insanity...Every Friday after Thanksgiving, except perhaps last year, major retail stores have had a "doorbuster"...
Aug 20, 2021
The markets are severely overvalued, according to both the Buffett Indicator and the Schiller P/E ratio. Taken together, these are a reliable indicator that Wall Street isn't thinking clearly. Optimists persist in the delusion that the stock market party is going to...
Aug 16, 2021
The U.S. Treasury publishes its balance sheet annually. The most recent, for fiscal year 2020, is so egregiously out of whack, it might be hard to wrap your head around:Total Assets: $5.95 trillionTotal Liabilities: $32.74 trillionNet Position (total assets minus total...
Aug 12, 2021
The Federal Reserve has targeted a 2% inflation rate for years, as though it's a holy grail. As though 2% inflation was an economic panacea that would perfectly balance employment, business investment and bank lending.Recently, the Fed has loosened the reins on inflation...
Aug 9, 2021
Two years ago, the debt ceiling was lifted. Lifting the debt ceiling to make room for more government spending has been pretty routine since since 1917.Until now…While it's quite likely that U.S. debt had already reached the point of no return around three years ago,...
Aug 1, 2021
Here is the real problem: All this spending is forming a bubble.
Jul 29, 2021
One thing is certain, we sure are living in strange times. For retirement savers, that can also mean levels of anxiety that rise a lot faster than IRA balances.
Jul 24, 2021
There is no such thing as "one size fits all" investing solution when the markets are this chaotic. It might be a good idea not to take what reads like "damage control" hand-waving as gospel, and consider your own approach.