Investment

The Long Pain of Policy Mishaps and Free Spending

I know we’re in a pandemic, but the Federal Reserve’s recent agenda is rather incredible. The Federal Funds Rate is basically 0 percent. On top of that, COVID-19 fiscal stimulus will push our 2020 deficit to near $4 trillion. The central bank is also going to buy unlimited amounts of U.S. Treasury securities to increase liquidity in the financial …

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Retirement, Politics a Desperate Mix for Some

In some tremendous news, last year the average 401(k) balance rose to $112,300, an increase of 17 percent from the prior year. Similarly, the average individual retirement account (IRA) balance rose 17 percent to $115,400. Both are new records. Surging markets worldwide were responsible for the growth. Just last year alone, the S&P 500 booked a …

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Dip or Cliff?

I try to look at the bright side of things. But in this business, I’m often surrounded with negativity when it comes to markets and investing. In 2009, you would’ve thought we’d never escape the financial crisis. In 2011, everyone figured European debt would fry the planet. Back in 2012, the U.S. debt downgrade was …

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So Now What?

When you ignore a problem, it rarely goes away and almost never gets solved. You must deal with the underlying issues, not just the symptoms. If you don’t, things can get worse, even irreparable. I bring this up because we seem to be at a point in the developed world – certainly in the U.S. …

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Junk in the Trunk: Bad Auto Loans Could Derail Economy

Let’s talk about risk. Going back to the 2009 subprime mortgage crisis, it was clear a lot of bad mortgages were packaged as investments and sold off. When the mortgages went bad, so did the investments, causing a disastrous economic ripple effect. Today, the same thing may be playing out, but instead of mortgages, it’s …

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