Posts about Economy
How Fast Does Inflation Erode Purchasing Power?
If April’s inflation rate print of 8.3% were to stick around, it would take about nine years to turn a dollar into fifty...
Inflation Rate Not Seen Since 1982
With inflation running extremely hot and central banks under pressure to tighten monetary policy, along with the emergen...
CEOs Agree More Volatility and No End to COVID in 2022
A recent survey from the Business Roundtable revealed confidence about the outlook into next year, but that was conducte...
Listen! You smell something?
It seemed appropriate to use Dan Aykroyd’s line from Ghostbusters just before he and the other Busters got slimed to say...
Central Bank Ready to Begin “Tapering”
The process of slowly pulling back the stimulus the Federal Reserve provided during the pandemic is set to begin. These ...
House Democrats Propose New Retirement Plan Rules for the Rich
Taken together, Democrats’ reforms aim to erode the use of retirement accounts as a perceived tax shelter for the wealth...
Bond King Bill Gross Says Treasuries Are Trash
Bill Gross, the one-time bond king who co-founded fixed-income giant Pimco, is now comparing his long-favored asset clas...
Dimon’s and Pearls
No, not the Prince song. But Jamie “I’m the smartest guy in the room” Dimon and some pearls of wisdom. Jamie Dimon belie...
Speed Wobble
When you were a kid, did you ever ride your bike or skateboard down a steep hill only to find that it wasn’t as fun as y...
How to Hedge Against Inflation
The Consumer Price Index or CPI measures a basket of goods as well as energy and housing costs to gauge buying power. Th...