Picking Cherries and Stocks

July 1, 2019 |Daniel A. White We’ve all seen the disclaimer about past returns not predicting future performance. As investors we’re delivered that line ad nauseum. But it’s conveniently forgotten by people in the financial industry. They throw around past performance...

Riding the Vicious Debt Cycle

June 10, 2019 |Daniel A. White Our last post focused on fiscal insanity. Consider this the sequel! U.S gross domestic product (GDP) is currently around $20 trillion, and the Congressional Budget Office projects it to grow. That’s a good thing, especially in...

Fiscal INSANITY

June 3, 2019 |Daniel A. White Many economists predict a recession some time in 2020. Should that occur, two things will happen: Tax revenue will fallFederal spending will rise Tax revenue will drop because people will make less and take less home. As a result, many...

Indexing, Policy, and Institutions Lacking Incentives

May 28, 2019 |Daniel A. White The next recession will be made worse by the collective monetary policy response of experts to the last recession. That is, index investing was seen as the cure-all for the last recession’s monetary woes. But it’s that exact strategy that...

Repatriated Income a Sign of Trump Tax Success

May 20, 2019 |Daniel A. White Now that tax season has passed, it’s a good time to look at the performance of President Trump’s tax reforms. Prior to him taking office, the corporate tax structure in the U.S. had plenty of firms shifting profits overseas and parking...

A Slow Go Down Under…and at Home

May 13, 2019 |Daniel A. White There are recession signs everywhere. And you can tell the Federal Reserve understands because it isn’t raising interest rates. The Fed’s rate hikes and asset tightening were adversely affecting markets, liquidity, and the types of...