by Daniel White | Aug 15, 2022 | Economy
August 15, 2022 The Budget Act of 2015 was the last legislation that made major changes to Social Security. The main thrust behind the legislation was to forbid strategies that took advantage of spousal benefits (the use of these strategies was unforeseen when the law...
by Daniel White | Aug 8, 2022 | Economy
August 08, 2022 We’re experiencing a big asset bubble burst – maybe one of the biggest in history – and it could have longer to go. Over time, the largest bubbles in financial history didn’t end with anything like the S&P 500 Index’s six-month drawdown of 24%, or...
by Daniel White | Aug 1, 2022 | Economy
August 01, 2022 Let’s just be frank – the first six months of this year were awful for most stock and bonds investors. The S&P 500 has lost more than 20% of its value so far this year. That puts us in a bear market, which we haven’t truly experienced since the...
by Daniel White | Jul 25, 2022 | Economy
July 25, 2022 I bet you can guess what one of the worst-case scenarios for the stock market, one that would make for deep losses. In fact, it’s happening right now. It’s rampant inflation. Inflation was cooking at an 8.6% annual rate in May, according to government...
by Daniel White | Jul 18, 2022 | Economy
July 18, 2022 In the 1970s, the U.S. experienced inflation to the tune of about 14%. Today we’re “only” around 8% inflation, so everything is fine, right? Not necessarily. Inflation now is coming far more quickly than in the 1970s. Consider that inflation began at...
by Daniel White | Jul 11, 2022 | Economy
July 11, 2022 It’s ironic, but it seems economists are the last to the party when it comes to the economy. For instance, Treasury Secretary Janet Yellen recently acknowledged again her misdiagnosis of inflation as transitory last year. She also said expectations of a...
