Insights

You should care. Modern Monetary Theory (MMT) is the new economic theory used as justification for the massive spending you are seeing in Washington and ignoring soaring deficits. What is it? It is the theory that government spending creates new money and this new...

The WSJ main op-ed, one of the best things you can read on a regular basis, called out the House today on how much of the pending $1.9 trillion COVID relief package has nothing to do with COVID. How much? At least $1.1 trillion, maybe as much as $1.5 trillion if you...

If you're as old as me you remember the high inflation of the 1970s and early 1980s. That inflation was caused by years of very low interest rates and high federal spending in the 1950s for fear the post-war economy would regress to Depression days, then runaway...

OK, plan fiduciaries, now that U.S. Treasury yields average 1% on the 10-year note, what are you going to provide for employees in the way of low risk investment options? More to the point, what are your older participants supposed to do to protect their retirement...

What are the most important things in a 401(k) retirement plan? What companies say -  Employees understand and like the plan Good employee participation Good investment choices Reasonable costs Good vendor service and communication What regulators say -  Plan is run...

THE ECONOMY The economy continues to rebound, but the rebound is far from evenly distributed and has been thrown more in doubt by the huge surge in COVID 19 cases the last month and less in doubt by the news that the trials of Moderna’s vaccine produced very strong...

I am the lone conservative in my family. I also subscribe to the NY Times, a high quality paper that I find aggressively and pervasively anti-Conservative. While I find that very annoying, I read it anyway because I want to be informed. If you are a liberal, I...

Back into the Black, Temporarily? As of the start of this week, many of my clients were in the black for 2020 and nearly all the rest were down some single digit percentage for the year. That is due to good fund selection by focusing on funds favoring large growth...

Extreme Volatility Why is the stock market falling or rising 5% and 10% in a day over and over? Is it panic selling? Yes and no. Some people are selling because they believe the economy is going into free fall and corporate profits will fall a lot. Others are selling...