Author Archives

  • taxes

    3 Things to Do if Taxes Increase

    Lawmakers in Washington, particularly those aligned with the Republican Party, like to talk about tax cuts. Which is why you might be hearing more birds and crickets chirping than usual around Capitol Hill. Because, with all this federal debt piling up, it’ll be a long time before another bill like the Tax Cuts and Jobs […]

  • What will happen to the airline industry?

    Ever notice how many business terms come from aviation? “The 30,000-foot view.” “Headwind.” “Golden parachute.” But there is one troubling term being bandied about now: bailout. When you hear it related to the airline industry, rest assured it’s in the nautical sense of the word. Passenger airlines are set to receive $25 billion in grants […]

  • The Even-Greater Recession?

    Remember when George W. Bush enacted the Troubled Asset Relief Program, handing the banks $475 billion to paper over their bad debts – and how shocked you were that taxpayers were expected to bail out Wall Street? Remember just a few months later when Congress gave Barack Obama his American Recovery and Reinvestment Act, and […]

  • Inflation makes a comeback

    It’s hard to get nostalgic about the 1970s. We remember what we wore, how we had our hair done up and the stupor-inducing sitcoms we considered appointment TV. And we also remember the way the economy was going. The 1970s’ economy wasn’t bad per se, but it was a disappointment – a ‘’bummer” if you […]

  • IPOs: Not just for high rollers

    There sure have been a lot of big-name initial public offerings (IPOs) so far this year, and a lot more in the pipeline. Already we’ve seen Zoom, Slack, Beyond Meat, Chewy, Fiverr, Pinterest, Uber, and Lyft. Still on deck are AirBNB, Postmates, Robinhood, and WeWork parent The We Company. Traditionally, retail investors have been unable […]

  • Bear hunting

    It’s hard to gauge the point at which you’ve entered a recession – two consecutive quarters of negative economic growth. It’s much easier, though, to figure out when you’ve hit a bear market because a bear market occurs when the stock market, usually defined as the S&P 500 index, falls 20% from its peak. It’s […]

  • Commodities: Hard assets for hard times

    In normal times, investment advisors often tell you to diversify your portfolio into three broad categories: equities, fixed income, and cash equivalents. What proportion you put into each bucket is a judgment call, as is the frequency with which you rebalance your portfolio. And of course, the art lies in picking the right vehicles within […]

  • Expansive times?

    The good news – and there’s plenty of it – is that the economy is doing very well. The U.S. economy just notched its 121st consecutive month of expansion. That is, it has been more than a decade since America experienced two consecutive quarters of negative gross domestic product (GDP), which is what defines a […]

  • The student debt bomb

    Quick: What’s the biggest source of debt in the U.S.? If you answered “mortgages,” you’d be right. But that’s almost too obvious. What comes next? Cars? No, that’s third. Credit cards? Not even close. Medical bills? Someday, maybe. It’s student loans – the bankruptcy-proof ones you can never get out of until they are all […]