A few weeks ago, I reviewed preliminary reports on first-quarter growth in the U.S. economy. The news was grim: annualized shrinkage of 0.7%. “The economy has now contracted in three separate quarters since the recession ended in mid-2009,” The Wall … Read more
Tag Archives: Economy & markets
Every December, my department holds a white elephant gift exchange. We place wrapped gifts on a table and take a number. When our number is called, we can select a gift or “steal” a gift that someone else has already … Read more
An exchange I had during the holidays triggered my desire to write—and, hopefully, get some feedback from all of you.
The topic du jour is the fiscal cliff and what the government (House, Senate, President) will or will not do … Read more
Any long-term investor knows that inflation is the enemy. A spike in inflation can drastically reduce your real investment returns, particularly for fixed income securities. At present, yields on many Treasury Inflation-Protected Securities (TIPS) are negative, a clear reflection of … Read more
In the summer at the beach as a boy, I used to dig in the sand and dream of finding pirate treasure. Old silver and gold coins from Spain and other parts of Europe that may have once washed upon … Read more