Baby Boomer Bankruptcies Ballooning

September 30, 2019 Bankruptcy filings among the Baby Boomer generation are skyrocketing – a five-fold increase over 25 years! So many Boomers are filing that every seventh bankruptcy filer is age 65 or older – more than 14 percent. In 1991, only 2 percent of...

Costly Trade War Rolls On

September 23, 2019 The trade war has been going on for a year. And while I agree China needs to be held accountable for its actions, are tariffs the right answer? China is culpable and deserves some sort of punishment. Theft of intellectual property and many...

Bonds, Debt, and Doom

September 16, 2019 There’s been a steep slide in bond yields, and it begs the question – will we experience negative interest rates in the U.S.? Because of central bank “wisdom,” there is more than $16 trillion of debt around the world that trades with a negative...

Aging Population Presents Economic Challenges

August 19, 2019 The latest Census figures show the average American is getting older, while the birth rate in the U.S. continues to fall. Working Americans got older too. The median American worker is 42, which is up four years from two decades ago. And as...

Debt, Cheap Money’s End, Could Devastate

August 12, 2019 Our fall off the next financial cliff could be sooner rather than later. When most people are denied credit, like having a credit card declined at a restaurant, a pit in the stomach follows. Now imagine if you needed that credit to get by day-to-day...

The Strange New World

July 22, 2019 I ended my last post by saying storm clouds are gathering. Here’s an example. We’ve talked about the inverted yield curve before. It’s happening again as the 30-day Treasury note is paying more than the 10-year Treasury note. Right now, it’s an...