by Daniel White | Jul 4, 2022 | Economy
July 4, 2022 The financial report for the Social Security program was released recently and the results are grim. The purpose of the report is to communicate the financial condition of the Social Security system over the next 75 years. The report is aimed at Congress,...
by Daniel White | Jun 27, 2022 | Economy
June 27, 2022 State governments are handing out tax breaks to residents to help with inflation. Not long ago the Canadian province of Quebec, which is like a large U.S. state, was handing out $500 to every taxpayer who earned less than $100,000 annually. But it’s not...
by Daniel White | Jun 20, 2022 | Economy
June 20, 2022 The number of billionaires in the world and their collective net worth dropped in 2022, according to Forbes. The war in Ukraine, COVID-19, and the stock market correction have all hit the billionaires big. I know, boo hoo. Please know, this isn’t an...
by Daniel White | Jun 13, 2022 | Economy
June 13, 2022 Stocks are having a terrible year so far. But bonds are doing worse. There’s an old saying on Wall Street, attributed to Andrew Mellon, that says, “Gentlemen prefer bonds.” And over the past 20 years, bonds have been big winners. Well, it’s all...
by Daniel White | Jun 6, 2022 | Economy
June 06, 2022 Here’s a shocker most people probably don’t realize – bonds have outperformed stocks over the past two decades. This is rare and unlikely to continue. I would argue the four-decade long bond bull market is done. Even worse is that some traditionally...
by Daniel White | May 23, 2022 | Economy
May 23, 2022 The Federal Reserve should win the award for the best place to work. It’s so good at the Fed, people don’t leave! This is going to sound like I’m bashing the Fed and its governors, but that’s not my intention. I’m pointing out some observations and how I...
