Archive by Author

Americans Age 60+ Carry $66.7 Billion in Student Debt

20 Feb

When you think of retirement, what’s the first thing that comes to mind? No more rush hour, sleeping in, golf during the week, travel and…I bet I know what doesn’t come to mind – student debt. But people 65-years-old and older are the fastest growing segment of federal student loan debt holders in the U.S. [...]

Dying Industries Litter Our Economic Landscape

13 Feb

It seems all the talk lately is about jobs. How do we keep them? How do we create them? Well it’s no secret that automation, technology, legislation and globalization came together to destroy middle class jobs in the U.S., with manufacturing jobs particularly hard hit. President Trump recognized it. In fact, he won precisely because [...]

Business Community Welcomes Trump Tax, Regulatory Cuts

7 Feb

President Trump met recently with CEOs from a dozen major manufacturers, including Ford, Dell, Lockheed Martin, Tesla, Johnson & Johnson and more. The Trump administration’s message was simple and two-fold: Cuts to corporate taxes and onerous regulations are coming If manufacturing moves outside the U.S., expect stiff import tariffs The president told the CEOs that [...]

Low Rates Force Hands for Pensions, Retirees

30 Jan

Pensions may be a thing of the past in terms of benefits offered by employers and governments, but they’re still very much present-tense in their liabilities and the fact that many retirees rely on them. That makes it even more troubling that they’re underfunded, meaning their liabilities are greater than the value of assets they [...]

Policy Intentions vs. Reality

23 Jan

Since the financial meltdown in 2008-09, we’ve been engaged in one of the biggest bull markets in history. To me, a market snapshot of that period would show overvalued companies and overbearing regulation. It’s almost like pessimism fueled eight years of growth! President Trump is expected to enact pro-growth policies, but it could actually result [...]

Overwhelming Debt May Force Trump Economic Proposals

16 Jan

With Donald Trump set to be president, it’s clear we need compromise to move forward from the divisive and combative election period. But there’s a problem. We know we need compromise, but too many of us want several incompatible things at once. For instance, we want health care. That’s a noble aim – we want [...]

Bonds Sales Increase Yield, Feed Equities Buys

9 Jan

Amidst all the hoopla from the presidential election, something has been spiraling in the bond market – the amount of investment! The bond market overall has seen its worst sell off in 13 years, marked by a 5 percent drop between Nov. 1-15, 2016 – that’s one week before and one week after the election. [...]

Odd Happenings

26 Dec

Since Donald Trump was elected, a few noteworthy things have happened. For instance, the correlation between stocks and bonds is near zero. It’s almost always strongly positive or negative. When the correlation is strong, investors lose diversification. When stocks and bonds are negatively correlated (as they are now), bond yields tend to shoot up. This [...]

Taxes, Regulation and Economic Performance

19 Dec

If people were to pick which issue was most important during the presidential campaign cycle, I bet most would say the economy. After all, the economy is the backbone of American life as we know it. So in that sense, it’s interesting to view modern presidents in terms of economic performance (i.e., GDP growth). John F. [...]

The Government Gravy Train

12 Dec

An October survey of government workers revealed that 27 percent of them would consider quitting if Donald Trump became president, with another 9 percent unsure if they’d quit. Trump said he’d make government smaller and he might just have to show up on day one for it to happen! Of course, such a scenario will [...]