U.S. Job Growth is High Quantity, Low Quality

June 20, 2016 Our leaders in Washington, D.C., are rather enamored with the unemployment rate. As it hovers around 5 percent, the political class celebrates. But there are millions of Americans who feel otherwise. While Washington touts the quantity of jobs, much of...

Life on the Financial Edge

June 13, 2016 According to a Federal Reserve report, 47 percent of Americans wouldn’t be able to cover an unexpected $400 expense without borrowing money or selling something they own! That saddens me as a financial planning professional. It also scares me as an...

A Recipe for Disaster

June 6, 2016 Not many people will deny that this current presidential election cycle is wilder than most. And I’m not just talking about the number of candidates and their varied backgrounds, but also about the violence unfolding at rallies around the...

Our Continuing Downward Growth Spiral

May 16, 2016 The world is flat in terms of economics and global business. Goods made there are sold here and vice versa. Supply chains literally wrap around the globe. Well now citizens and economies are behaving similarly. The Internal Monetary Fund calls it...

Molehills or Mountains?

May 23, 2016 It’s been a long run for our current bull market, nearly 3,000 days. The longest ever to date is 3,452 days – a streak lasting from October 1990 to March 2000. We’re not there yet, but maybe we’ll get there. Of course, the flip side of longevity is...

UndefeataBULL

May 9, 2016 Last week I wrote about the bizarre disparity between the market and economic realities. Unfortunately, there continue to be several examples and they keep popping up anew. For instance, in mid-April the Dow Jones Industrial Average jumped more than...